Nissay Asset Management Corp Japan Buys New Holdings in Firefly Aerospace, Inc. $FLY

Key Points

• Nissay Asset Management bought 313,052 Firefly Aerospace shares in the second quarter, valued at approximately $9.2 million, while several major institutions—including BlackRock, Vanguard and UBS—also established or increased positions.
• Firefly shares opened at $21.26, down 4.1%, well below their 52-week high of $62.17. The company remains unprofitable, with a negative net margin of 126.64% and a price-to-earnings ratio of -7.23.
• Firefly reported quarterly revenue of $117.68 million, up 659.2% year over year, and narrowed its loss to $0.42 per share versus the $0.50 consensus estimate. Analysts maintain a “Moderate Buy” consensus with an average price target of $36.82.

Nissay Asset Management Corp Japan purchased a new position in shares of Firefly Aerospace, Inc. (NASDAQ:FLY - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 313,052 shares of the company's stock, valued at approximately $9,204,000. Nissay Asset Management Corp Japan owned about 0.19% of Firefly Aerospace at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FLY. BlackRock Inc. purchased a new stake in shares of Firefly Aerospace in the 2nd quarter valued at $173,573,000. Tema ETFs LLC raised its holdings in shares of Firefly Aerospace by 133,440.2% during 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 during the last quarter. Vanguard Group Inc. acquired a new position in Firefly Aerospace during the third quarter valued at $53,409,000. UBS Group AG boosted its holdings in Firefly Aerospace by 233.6% in the fourth quarter. UBS Group AG now owns 1,773,607 shares of the company's stock valued at $39,676,000 after purchasing an additional 1,241,987 shares during the last quarter. Finally, Temasek Holdings Private Ltd grew its position 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 purchasing an additional 643,886 shares during the period.

Firefly Aerospace Stock Down 4.1%

FLY opened at $21.26 on Friday. Firefly Aerospace, Inc. has a fifty-two week low of $16.00 and a fifty-two week 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 company has a fifty day moving average of $23.91 and a two-hundred day moving average of $29.29. The stock has a market capitalization of $3.56 billion and a price-to-earnings ratio of -7.23.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $117.68 million for the quarter. During the same period in the previous year, the company earned ($5.78) earnings per share. The company's revenue was up 659.2% compared to the same quarter last year. On average, research analysts expect that Firefly Aerospace, Inc. will post -1.91 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Jefferies Financial Group set a $35.00 price objective on Firefly Aerospace in a research note on Wednesday, August 12th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $35.00 target price on shares of Firefly Aerospace in a report on Wednesday, August 12th. KeyCorp upgraded 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. Wall Street Zen raised Firefly Aerospace from a "sell" rating to a "hold" rating in a report on Sunday, August 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $35.00 price objective on shares of Firefly Aerospace in a research report on Tuesday, May 5th. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Firefly Aerospace currently has an average rating of "Moderate Buy" and an average price target of $36.82.

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.

Want to see what other hedge funds are holding FLY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Firefly Aerospace, Inc. (NASDAQ:FLY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source