106,093 Shares in Firefly Aerospace, Inc. $FLY Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 106,093 Firefly Aerospace shares in the second quarter, worth approximately $3.12 million and representing about 0.07% of the company.
• Firefly reported quarterly revenue of $117.68 million, up 659.2% year over year, and an adjusted loss of $0.42 per share that beat analyst estimates. However, the company remains unprofitable, with a negative net margin of 126.64%.
• Analysts maintain a generally positive outlook, with seven Buy ratings, four Holds and one Sell; the stock has a “Moderate Buy” consensus and an average price target of $36.82 versus its recent $22.26 price.

Deutsche Bank AG bought a new position in shares of Firefly Aerospace, Inc. (NASDAQ:FLY - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 106,093 shares of the company's stock, valued at approximately $3,119,000. Deutsche Bank AG owned approximately 0.07% of Firefly Aerospace as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in FLY. BNP Paribas Financial Markets acquired a new stake in shares of Firefly Aerospace during the 3rd quarter valued at $26,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Firefly Aerospace during the third quarter worth $26,000. KBC Group NV acquired a new stake in shares of Firefly Aerospace during the first quarter worth $38,000. California State Teachers Retirement System purchased a new stake in shares of Firefly Aerospace during the fourth quarter valued at $30,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Firefly Aerospace during the fourth quarter valued at $38,000.

Firefly Aerospace Price Performance

Firefly Aerospace stock opened at $22.26 on Thursday. Firefly Aerospace, Inc. has a twelve month low of $16.00 and a twelve month high of $62.17. 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 firm has a market cap of $3.73 billion and a PE ratio of -7.57. The firm's 50 day moving average price is $24.28 and its two-hundred day moving average price is $29.36.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported ($0.42) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.50) by $0.08. Firefly Aerospace had a negative net margin of 126.64% and a negative return on equity of 22.28%. The company had revenue of $117.68 million during the quarter. During the same period last year, the business earned ($5.78) EPS. The company's quarterly revenue was up 659.2% on a year-over-year basis. On average, research analysts predict that Firefly Aerospace, Inc. will post -1.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Jefferies Financial Group set a $35.00 price target on Firefly Aerospace in a research note on Wednesday, August 12th. Wells Fargo & Company began coverage on shares of Firefly Aerospace in a research note on Monday, July 27th. They set an "equal weight" rating and a $25.00 price objective for the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $35.00 target price on shares of Firefly Aerospace in a report on Wednesday, August 12th. Morgan Stanley lifted their target price on shares of Firefly Aerospace from $33.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 5th. Finally, KeyCorp upgraded shares of Firefly Aerospace from a "sector weight" rating to an "overweight" rating and set a $50.00 price target for the company in a research report on Monday, June 15th. Seven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $36.82.

Firefly Aerospace 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.

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