Firefly Aerospace, Inc. (NASDAQ:FLY) Given Consensus Rating of “Moderate Buy” by Brokerages

Firefly Aerospace, Inc. (NASDAQ:FLY) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $42.20.

A number of research firms have commented on FLY. B. Riley Financial started coverage on Firefly Aerospace in a research note on Wednesday, May 6th. They issued a “buy” rating and a $60.00 price target for the company. KeyCorp raised shares of Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price objective for the company in a research report on Monday, June 15th. Roth Capital boosted their target price on shares of Firefly Aerospace from $35.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. The Goldman Sachs Group upped their price target on shares of Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $35.00 price objective on shares of Firefly Aerospace in a research note on Tuesday, May 5th.

Insider Transactions at Firefly Aerospace

In other Firefly Aerospace news, General Counsel David Leigh Wheeler sold 3,765 shares of Firefly Aerospace stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $45.12, for a total transaction of $169,876.80. Following the completion of the sale, the general counsel owned 142,758 shares of the company’s stock, valued at approximately $6,441,240.96. The trade was a 2.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FLY. BNP Paribas Financial Markets purchased a new stake in Firefly Aerospace in the third quarter valued at approximately $26,000. CIBC Private Wealth Group LLC purchased a new position in Firefly Aerospace during the 3rd quarter worth approximately $26,000. California State Teachers Retirement System acquired a new stake in Firefly Aerospace during the 4th quarter valued at approximately $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 purchased a new stake in shares of Firefly Aerospace in the 1st quarter valued at $38,000.

Firefly Aerospace Trading Up 2.3%

NASDAQ:FLY opened at $20.70 on Friday. The stock has a market capitalization of $3.32 billion and a price-to-earnings ratio of -2.54. Firefly Aerospace has a 52 week low of $16.00 and a 52 week high of $73.80. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average of $33.02 and a 200 day moving average of $30.14.

Firefly Aerospace (NASDAQ:FLY) last released its quarterly earnings results on Monday, May 4th. The company reported ($0.46) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.50) by $0.04. Firefly Aerospace had a negative net margin of 181.16% and a negative return on equity of 40.96%. The business had revenue of $80.88 million for the quarter. During the same period in the prior year, the firm posted ($5.09) earnings per share. Firefly Aerospace’s revenue for the quarter was up 44.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Firefly Aerospace will post -1.97 earnings per share for the current fiscal 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.