Firefly Aerospace, Inc. (NASDAQ:FLY) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts give Firefly Aerospace a “Moderate Buy” consensus: Seven of 11 analysts rate the stock a buy, while three recommend holding and one recommends selling. The average 12-month price target is $36.82 versus a recent price of $22.83.
• Institutional interest has increased: BlackRock initiated a roughly $173.6 million position, while VanEck, Tema ETFs and Temasek significantly expanded their holdings.
• Revenue growth remains strong but profitability is weak: Quarterly revenue surged 659.2% year over year to $117.68 million, and the company beat EPS estimates, but it posted a $0.42 per-share loss, a 126.64% net margin loss and analysts expect a full-year loss.

Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $36.82.

A number of brokerages have recently issued reports on FLY. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $35.00 target price on shares of Firefly Aerospace in a research report on Wednesday, August 12th. Wells Fargo & Company started coverage on Firefly Aerospace in a report on Monday, July 27th. They issued an "equal weight" rating and a $25.00 price target for the company. Weiss Ratings restated a "sell (d-)" rating on shares of Firefly Aerospace in a research note on Tuesday, September 22nd. B. Riley Financial dropped their price objective on Firefly Aerospace from $60.00 to $50.00 and set a "buy" rating on the stock in a report on Wednesday, August 12th. Finally, Wall Street Zen lowered Firefly Aerospace from a "hold" rating to a "sell" rating in a research report on Saturday, September 19th.

Institutional Trading of Firefly Aerospace

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Firefly Aerospace in the 2nd quarter worth about $173,573,000. Van ECK Associates Corp lifted its position in shares of Firefly Aerospace by 43.8% during the second quarter. Van ECK Associates Corp now owns 3,048,335 shares of the company's stock worth $89,621,000 after purchasing an additional 927,804 shares during the last quarter. Tema ETFs LLC grew its stake in Firefly Aerospace by 133,440.2% in the second quarter. Tema ETFs LLC now owns 2,280,867 shares of the company's stock worth $67,057,000 after purchasing an additional 2,279,159 shares in the last quarter. Tidal Investments LLC acquired a new position in Firefly Aerospace in the second quarter worth about $63,714,000. Finally, Temasek Holdings Private Ltd increased its holdings in Firefly Aerospace by 151.3% in the fourth quarter. Temasek Holdings Private Ltd now owns 1,069,588 shares of the company's stock valued at $23,927,000 after buying an additional 643,886 shares during the last quarter.

Firefly Aerospace Price Performance

FLY opened at $22.83 on Wednesday. Firefly Aerospace has a twelve month low of $16.00 and a twelve month high of $62.17. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of -7.77 and a beta of 0.59. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.02. The company has a fifty day simple moving average of $22.86 and a 200 day simple moving average of $29.52.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.42) EPS for the quarter, topping analysts' consensus estimates 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%. The business's quarterly revenue was up 659.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($5.78) EPS. Equities research analysts expect that Firefly Aerospace will post -2.31 EPS for the current fiscal year.

About Firefly Aerospace

Firefly Aerospace, Inc is a space transportation and exploration company headquartered in Cedar Park, Texas. The company develops launch vehicles, lunar landers, spacecraft and related in-space services for government and commercial customers. Its operations support missions ranging from satellite deployment and scientific research to lunar exploration and national security applications.

Firefly's primary launch vehicle is Alpha, a small- to medium-class orbital rocket designed to carry payloads into low Earth orbit.

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