Firefly Aerospace, Inc. (NASDAQ:FLY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Firefly Aerospace, Inc. (NASDAQ:FLY) have been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $36.8182.

A number of research firms recently weighed in on FLY. Morgan Stanley upped their price target on Firefly Aerospace from $33.00 to $37.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $35.00 price target on shares of Firefly Aerospace in a research note on Tuesday, May 5th. Roth Capital reduced their target price on Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. Cantor Fitzgerald restated an “overweight” rating and issued a $35.00 target price on shares of Firefly Aerospace in a report on Wednesday, August 12th. Finally, Wall Street Zen upgraded Firefly Aerospace from a “sell” rating to a “hold” rating in a report on Sunday.

Firefly Aerospace Stock Down 5.5%

Shares of NASDAQ FLY opened at $23.10 on Tuesday. The stock has a market capitalization of $3.87 billion and a price-to-earnings ratio of -7.86. Firefly Aerospace has a 52 week low of $16.00 and a 52 week high of $62.17. The firm has a 50-day moving average price of $24.63 and a 200 day moving average price of $29.38. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.02.

Firefly Aerospace (NASDAQ:FLY) last issued its earnings results on Tuesday, August 11th. The company reported ($0.42) earnings per share for the quarter, topping the consensus estimate of ($0.50) by $0.08. Firefly Aerospace had a negative net margin of 126.64% and a negative return on equity of 22.28%. The company had revenue of $117.68 million for the quarter. During the same quarter in the previous year, the company posted ($5.78) earnings per share. The company’s quarterly revenue was up 659.2% compared to the same quarter last year. Equities research analysts anticipate that Firefly Aerospace will post -1.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Firefly Aerospace

A number of institutional investors have recently added to or reduced their stakes in FLY. BNP Paribas Financial Markets purchased a new stake in shares of Firefly Aerospace during the 3rd quarter worth about $26,000. CIBC Private Wealth Group LLC purchased a new position in shares of Firefly Aerospace in the third quarter valued at $26,000. California State Teachers Retirement System acquired a new stake in shares of Firefly Aerospace during the fourth quarter valued at about $30,000. NBC Securities Inc. acquired a new stake in Firefly Aerospace during the 4th quarter valued at approximately $38,000. Finally, KBC Group NV acquired a new stake in shares of Firefly Aerospace during the first quarter worth approximately $38,000.

Firefly Aerospace Company Profile

Firefly Aerospace (NASDAQ:FLY) is a U.S.-based aerospace company that designs, manufactures and operates launch vehicles and in-space systems for commercial, civil and national security customers. The company focuses on providing end-to-end small- and medium-lift launch services, mission integration and spacecraft hardware to support satellite deployment and on-orbit operations.

Firefly’s product portfolio includes the Alpha small launch vehicle, developed to carry small satellites to low Earth orbit, and plans for larger vehicles and in-space capabilities to address a range of payload sizes and mission profiles.