71,527 Shares in Firefly Aerospace, Inc. $FLY Acquired by PDT Partners LLC

Key Points

• PDT Partners LLC acquired 71,527 Firefly Aerospace shares worth approximately $2.1 million in the second quarter. Other major institutions, including BlackRock, Vanguard, UBS and Temasek, also established or increased positions.
• Analysts maintain a generally positive outlook, with seven Buy, four Hold and one Sell rating. Firefly has a “Moderate Buy” consensus and an average price target of $36.82, above its recent $22.26 opening price.
• Firefly reported quarterly revenue of $117.68 million, up 659.2% year over year, and adjusted its loss to $0.42 per share versus the expected $0.50 loss. Despite the growth, the company remains unprofitable, with a negative net margin of 126.64%.

PDT Partners LLC bought a new stake in Firefly Aerospace, Inc. (NASDAQ:FLY - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 71,527 shares of the company's stock, valued at approximately $2,103,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Firefly Aerospace during the second quarter worth $173,573,000. Tema ETFs LLC grew its stake 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 buying an additional 2,279,159 shares in the last quarter. Vanguard Group Inc. purchased a new stake in shares of Firefly Aerospace in the 3rd quarter valued at $53,409,000. UBS Group AG lifted its stake in Firefly Aerospace by 233.6% during the 4th quarter. UBS Group AG now owns 1,773,607 shares of the company's stock worth $39,676,000 after acquiring an additional 1,241,987 shares in the last quarter. Finally, Temasek Holdings Private Ltd lifted its stake in Firefly Aerospace by 151.3% during the 4th quarter. Temasek Holdings Private Ltd now owns 1,069,588 shares of the company's stock worth $23,927,000 after acquiring an additional 643,886 shares in the last quarter.

Wall Street Analysts Forecast Growth

FLY has been the topic of a number of research reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $35.00 target price on shares of Firefly Aerospace in a report on Wednesday, August 12th. Morgan Stanley upped their price objective on Firefly Aerospace from $33.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded Firefly Aerospace from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $35.00 target price on shares of Firefly Aerospace in a report on Tuesday, May 5th. Finally, B. Riley Financial cut their price target on Firefly Aerospace from $60.00 to $50.00 and set a "buy" rating on the stock in a report on Wednesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $36.82.

Firefly Aerospace Price Performance

Firefly Aerospace stock opened at $22.26 on Thursday. 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 $24.28 and a 200-day simple moving average of $29.36. The stock has a market cap of $3.73 billion and a P/E ratio of -7.57. Firefly Aerospace, Inc. has a 12-month low of $16.00 and a 12-month high of $62.17.

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 for the quarter. Firefly Aerospace had a negative return on equity of 22.28% and a negative net margin of 126.64%.The business's quarterly revenue was up 659.2% compared to the same quarter last year. During the same period last year, the company earned ($5.78) EPS. Equities analysts expect that Firefly Aerospace, Inc. will post -1.91 EPS 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.

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