Man Group plc Makes New Investment in Firefly Aerospace, Inc. $FLY

Man Group plc purchased a new position in Firefly Aerospace, Inc. (NASDAQ:FLY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 126,887 shares of the company’s stock, valued at approximately $3,730,000.

Several other institutional investors also recently modified their holdings of the business. BlackRock Inc. bought a new stake in Firefly Aerospace in the 2nd quarter worth about $173,573,000. Tema ETFs LLC lifted its stake in Firefly Aerospace by 133,440.2% during the 2nd quarter. Tema ETFs LLC now owns 2,280,867 shares of the company’s stock valued at $67,057,000 after acquiring an additional 2,279,159 shares during the period. Vanguard Group Inc. bought a new position in Firefly Aerospace during the 3rd quarter valued at about $53,409,000. UBS Group AG boosted its holdings in shares of Firefly Aerospace by 233.6% during the 4th quarter. UBS Group AG now owns 1,773,607 shares of the company’s stock valued at $39,676,000 after acquiring an additional 1,241,987 shares during the last quarter. Finally, Temasek Holdings Private Ltd grew its stake in shares of Firefly Aerospace by 151.3% in the fourth quarter. Temasek Holdings Private Ltd now owns 1,069,588 shares of the company’s stock worth $23,927,000 after acquiring an additional 643,886 shares during the period.

Analysts Set New Price Targets

Several research analysts have recently weighed in on FLY shares. Roth Capital decreased their price objective on shares of Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Wall Street Zen upgraded shares of Firefly Aerospace from a “sell” rating to a “hold” rating in a report on Sunday, August 23rd. KeyCorp raised shares of Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 target price for the company in a research report on Monday, June 15th. Jefferies Financial Group set a $35.00 target price on shares of Firefly Aerospace in a research note on Wednesday, August 12th. Finally, Morgan Stanley raised their price target on Firefly Aerospace from $33.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.82.

Firefly Aerospace Stock Performance

Firefly Aerospace stock opened at $21.26 on Monday. Firefly Aerospace, Inc. has a 52-week low of $16.00 and a 52-week high of $62.17. The company has a market cap of $3.56 billion and a P/E ratio of -7.23. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.02. The business has a 50-day simple moving average of $23.91 and a two-hundred day simple moving average of $29.33.

Firefly Aerospace (NASDAQ:FLY) last issued its quarterly earnings data 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. The firm had revenue of $117.68 million for the quarter. Firefly Aerospace had a negative net margin of 126.64% and a negative return on equity of 22.28%. Firefly Aerospace’s revenue for the quarter was up 659.2% on a year-over-year basis. During the same quarter last year, the company earned ($5.78) EPS. Analysts predict that Firefly Aerospace, Inc. will post -1.91 EPS for the current year.

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.