Hudson Bay Capital Management LP Buys Shares of 1,811,811 Firefly Aerospace, Inc. $FLY

Key Points

• Hudson Bay Capital Management bought a new position of 1,811,811 shares of Firefly Aerospace (NASDAQ:FLY) in Q3, valued at about $50.71 million, representing roughly 1.14% of the company.
• Analysts give the stock an average rating of "Moderate Buy" with an average target price of $38.88; the analyst mix includes 1 Strong Buy, 5 Buys, 3 Holds and 1 Sell, and notable action includes JPMorgan cutting its target from $55 to $28 while keeping an overweight rating.
• Shares opened at $23.19, trade in a 12‑month range of $16.00–$73.80, and the company has a market cap of $3.69 billion, a negative PE (-3.19), very strong liquidity (current and quick ratios 6.20) and a low debt‑to‑equity ratio (0.03).

Hudson Bay Capital Management LP bought a new position in shares of Firefly Aerospace, Inc. (NASDAQ:FLY - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,811,811 shares of the company's stock, valued at approximately $50,711,000. Hudson Bay Capital Management LP owned about 1.14% of Firefly Aerospace at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. BNP Paribas Financial Markets purchased a new position in shares of Firefly Aerospace during the 3rd quarter worth approximately $26,000. CIBC Private Wealth Group LLC purchased a new stake in Firefly Aerospace in the 3rd quarter valued at approximately $26,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Firefly Aerospace during the 3rd quarter valued at $55,000. SBI Securities Co. Ltd. acquired a new stake in Firefly Aerospace during the 3rd quarter valued at $74,000. Finally, Sandia Investment Management LP purchased a new position in Firefly Aerospace during the third quarter worth $147,000.

Firefly Aerospace Stock Performance

NASDAQ FLY opened at $23.19 on Thursday. The business's 50-day moving average price is $24.21 and its 200 day moving average price is $26.51. The company has a current ratio of 6.20, a quick ratio of 6.20 and a debt-to-equity ratio of 0.03. Firefly Aerospace, Inc. has a twelve month low of $16.00 and a twelve month high of $73.80. The company has a market capitalization of $3.69 billion and a PE ratio of -3.19.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Firefly Aerospace in a research report on Monday, December 29th. JPMorgan Chase & Co. dropped their price objective on Firefly Aerospace from $55.00 to $28.00 and set an "overweight" rating for the company in a research report on Tuesday, November 25th. Morgan Stanley restated a "positive" rating on shares of Firefly Aerospace in a report on Thursday, March 12th. UBS Group set a $33.00 price objective on shares of Firefly Aerospace in a research report on Thursday, March 12th. Finally, KeyCorp assumed coverage on shares of Firefly Aerospace in a research report on Thursday, December 18th. They set a "sector weight" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $38.88.

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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