1,008,816 Shares in Firefly Aerospace, Inc. $FLY Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,008,816 shares of the company’s stock, valued at approximately $23,354,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lisanti Capital Growth LLC acquired a new stake in Firefly Aerospace during the 2nd quarter valued at $3,059,000. Royal Bank of Canada raised its holdings in shares of Firefly Aerospace by 1,803.9% in the first quarter. Royal Bank of Canada now owns 225,782 shares of the company’s stock worth $6,428,000 after acquiring an additional 213,923 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Firefly Aerospace in the second quarter worth $63,714,000. Quantinno Capital Management LP acquired a new position in shares of Firefly Aerospace in the first quarter worth $1,431,000. Finally, Tema ETFs LLC lifted its position in shares of Firefly Aerospace by 133,440.2% in the second 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 in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FLY. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Firefly Aerospace in a research note on Tuesday, September 22nd. KeyCorp cut their target price on shares of Firefly Aerospace from $50.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday. Wells Fargo & Company assumed coverage on shares of Firefly Aerospace in a report on Monday, July 27th. They issued an “equal weight” rating and a $25.00 target price on the stock. Barclays began coverage on shares of Firefly Aerospace in a report on Friday, October 9th. They issued an “equal weight” rating and a $34.00 target price on the stock. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 price target on shares of Firefly Aerospace in a research note on Wednesday, August 12th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Firefly Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $35.33.

Firefly Aerospace Stock Down 9.1%

FLY stock opened at $16.29 on Tuesday. The company has a 50 day moving average price of $20.71 and a two-hundred day moving average price of $27.09. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.73 and a current ratio of 2.73. The stock has a market capitalization of $2.73 billion, a P/E ratio of -5.54 and a beta of 0.59. Firefly Aerospace, Inc. has a one year low of $15.99 and a one year high of $62.17.

Firefly Aerospace (NASDAQ:FLY) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.42) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.08. Firefly Aerospace had a negative return on equity of 22.28% and a negative net margin of 126.64%. The company had revenue of $117.68 million for the quarter. During the same period in the prior year, the company earned ($5.78) EPS. The company’s revenue for the quarter was up 659.2% compared to the same quarter last year. As a group, sell-side analysts expect that Firefly Aerospace, Inc. will post -2.31 EPS for the current year.

Firefly Aerospace Company Profile

Firefly Aerospace, Inc is a space transportation and technology company that develops launch vehicles, lunar landers and in-space mobility systems for government and commercial customers. Based in Cedar Park, Texas, the company supports missions across the launch, lunar and orbital services markets.

Firefly’s principal products include the Alpha small-to-medium-lift launch vehicle, which is designed to place satellites and other payloads into low Earth orbit; Blue Ghost lunar landers, developed to deliver scientific and commercial payloads to the Moon; and Elytra spacecraft, intended to provide in-space transportation and mission services.