Quantinno Capital Management LP Takes Position in Firefly Aerospace, Inc. $FLY

Key Points

• Quantinno Capital Management opened a new position in Firefly Aerospace, purchasing 50,263 shares valued at approximately $1.43 million. Other major investors, including Vanguard, UBS and Temasek, have also built significant stakes.
• Analyst sentiment remains favorable, with seven Buy ratings, four Holds and one Sell; the stock carries a “Moderate Buy” consensus and an average price target of $36.82.
• Firefly reported 659% year-over-year revenue growth to $117.68 million and beat EPS estimates, but it remains unprofitable, with a $0.42 quarterly loss, negative margins and ongoing cash-burn concerns.

Quantinno Capital Management LP bought a new position in Firefly Aerospace, Inc. (NASDAQ:FLY - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 50,263 shares of the company's stock, valued at approximately $1,431,000.

A number of other large investors also recently bought and sold shares of FLY. Vanguard Group Inc. bought a new stake in Firefly Aerospace during the third quarter worth about $53,409,000. UBS Group AG lifted its holdings in shares of Firefly Aerospace by 233.6% during 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. Temasek Holdings Private Ltd boosted its position in shares of Firefly Aerospace by 151.3% in 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 in the last quarter. Invesco Ltd. purchased a new stake in shares of Firefly Aerospace in the 4th quarter worth approximately $11,607,000. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Firefly Aerospace in the 4th quarter worth approximately $10,230,000.

Analyst Ratings Changes

FLY has been the subject of a number of recent research reports. KeyCorp upgraded Firefly Aerospace from a "sector weight" rating to an "overweight" rating and set a $50.00 price objective for the company in a research note on Monday, June 15th. Jefferies Financial Group set a $35.00 price target on Firefly Aerospace in a report on Wednesday. Morgan Stanley upped their price target on shares of Firefly Aerospace from $33.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 5th. B. Riley Financial cut their price objective on shares of Firefly Aerospace from $60.00 to $50.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $35.00 target price on shares of Firefly Aerospace in a report on Tuesday, May 5th. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Firefly Aerospace presently has an average rating of "Moderate Buy" and an average price target of $36.82.

Trending Headlines about Firefly Aerospace

Here are the key news stories impacting Firefly Aerospace this week:

• Positive Sentiment: New defense opportunity: Firefly won a contract from the Defense Innovation Unit and Space Development Agency to complete a preliminary design review for an Elytra spacecraft deorbit mission. Successful completion would make Firefly eligible to compete for the follow-on launch and spacecraft-operations work, expanding its defense and in-space services opportunity. Firefly Aerospace Awarded Contract to Design Elytra Deorbit System for Defense Innovation Unit
• Positive Sentiment: Rapid revenue growth and substantial backlog: Second-quarter revenue rose approximately 657%-659% year over year to $117.7 million, while adjusted results exceeded expectations. Management maintained its 2026 revenue forecast of $420 million to $450 million and highlighted a backlog of roughly $1.5 billion, supporting its long-term growth narrative. Firefly outlines 2026 revenue outlook as backlog reaches $1.5 billion
• Positive Sentiment: Favorable analyst coverage: Cantor Fitzgerald reaffirmed its Overweight rating with a $35 price target, while B. Riley maintained a Buy rating despite lowering its target to $50. These targets imply analysts see meaningful upside if Firefly delivers on its production, launch and revenue plans.
• Neutral Sentiment: Growth depends on execution: Firefly is increasing vehicle production and ramping its Alpha program, but management noted that launch demand is highly constrained. Delays or limited launch availability could affect the timing of revenue recognition and contract performance. Firefly increases vehicle production even as launches lag
• Negative Sentiment: Profitability and cash-burn concerns remain: Firefly continues to report substantial losses, including quarterly EPS of negative $0.42 and a negative net margin. Goldman Sachs analyst Noah Poponak reiterated a Hold rating, citing ongoing cash burn and an unchanged 2026 outlook, tempering the positive impact of the earnings beat.

Insider Transactions at Firefly Aerospace

In other Firefly Aerospace news, General Counsel David Leigh Wheeler sold 3,765 shares of the company's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $45.12, for a total transaction of $169,876.80. Following the transaction, the general counsel owned 142,758 shares in the company, valued at approximately $6,441,240.96. This represents a 2.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.50% of the company's stock.

Firefly Aerospace Stock Up 0.9%

Firefly Aerospace stock opened at $26.77 on Friday. Firefly Aerospace, Inc. has a 12 month low of $16.00 and a 12 month high of $62.17. The stock has a fifty day simple moving average of $25.98 and a two-hundred day simple moving average of $29.43. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.02. The firm has a market cap of $4.48 billion and a price-to-earnings ratio of -9.11.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) last announced its quarterly 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 return on equity of 23.01% and a negative net margin of 126.64%.The firm 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 for the quarter was up 659.2% compared to the same quarter last year. Equities analysts predict that Firefly Aerospace, Inc. will post -1.83 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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