Firefly Aerospace, Inc. (NASDAQ:FLY) Stock Has Consensus Target Price of $36.58 According to Analysts

Key Points

• Firefly Aerospace has a “Moderate Buy” consensus rating from 12 analysts, with seven buys, four holds and one sell. The average 12-month price target is $36.58.
• FLY shares opened at $17.93, down 9.8%, and remain well below their 12-month high of $62.17. Recent analysts have issued targets ranging from $25 to $50, including several target reductions.
• Firefly reported a quarterly loss of $0.42 per share, beating the $0.50 loss estimate, while revenue rose 659.2% year over year to $117.68 million. Despite the growth, the company posted a negative net margin of 126.64%.

Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the twelve brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $36.58.

A number of equities analysts have recently commented on the stock. Roth Capital cut their price target on shares of Firefly Aerospace from $60.00 to $45.00 and set a "buy" rating on the stock in a report on Wednesday, August 12th. Jefferies Financial Group set a $35.00 target price on Firefly Aerospace in a research report on Wednesday, August 12th. Wells Fargo & Company assumed coverage on Firefly Aerospace in a report on Monday, July 27th. They set an "equal weight" rating and a $25.00 target price on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Firefly Aerospace in a report on Tuesday, September 22nd. Finally, B. Riley Financial reduced their price target on Firefly Aerospace from $60.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday, August 12th.

Firefly Aerospace Trading Down 9.8%

Shares of FLY stock opened at $17.93 on Friday. Firefly Aerospace has a twelve month low of $15.99 and a twelve month high of $62.17. The stock's fifty day simple moving average is $20.87 and its 200 day simple moving average is $27.15. 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 firm has a market capitalization of $3.00 billion, a P/E ratio of -6.10 and a beta of 0.59.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.50) by $0.08. The firm had revenue of $117.68 million during the quarter. Firefly Aerospace had a negative return on equity of 22.28% and a negative net margin of 126.64%. Firefly Aerospace's revenue for the quarter was up 659.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($5.78) earnings per share. As a group, sell-side analysts predict that Firefly Aerospace will post -2.31 EPS for the current fiscal year.

Institutional Trading of Firefly Aerospace

A number of institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in shares of Firefly Aerospace by 6.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 9,511 shares of the company's stock valued at $220,000 after purchasing an additional 567 shares in the last quarter. Carlson Financial Inc. increased its holdings in Firefly Aerospace by 8.8% in the second quarter. Carlson Financial Inc. now owns 8,211 shares of the company's stock worth $241,000 after purchasing an additional 667 shares in the last quarter. KBC Group NV bought a new stake in Firefly Aerospace in the first quarter worth approximately $38,000. Avidian Wealth Enterprises LLC lifted its stake in Firefly Aerospace by 8.0% in the third quarter. Avidian Wealth Enterprises LLC now owns 19,412 shares of the company's stock valued at $449,000 after buying an additional 1,442 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Firefly Aerospace by 12.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 15,830 shares of the company's stock worth $366,000 after buying an additional 1,775 shares in the last quarter.

About Firefly Aerospace

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.

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