Tudor Investment Corp ET AL Purchases New Stake in Firefly Aerospace, Inc. $FLY

Key Points

• Tudor Investment Corp ET AL opened a new stake in Firefly Aerospace, buying 678,698 shares (about $19.9M) for roughly 0.43% ownership, while other large investors including AE Industrial Partners, Vanguard, Capital World Investors, JPMorgan and WCM also initiated sizable positions.
• Firefly delivered a Q4 beat (EPS -$0.38 vs. -$0.48) with $57.7M in revenue and raised 2026 revenue guidance to $420–$450M, boosting investor sentiment; however, the company remains unprofitable with high forward EV/sales (~5.97x), negative margins and execution/cash‑burn risks.
• Analyst coverage is mixed — MarketBeat shows a consensus "Moderate Buy" with a $38.88 target, individual ratings range from Strong Buy to Sell, and the stock trades around a $3.7B market cap within a one‑year range of $16.00–$73.80.

Tudor Investment Corp ET AL acquired a new position in shares of Firefly Aerospace, Inc. (NASDAQ:FLY - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 678,698 shares of the company's stock, valued at approximately $19,899,000. Tudor Investment Corp ET AL owned 0.43% of Firefly Aerospace as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. AE Industrial Partners LP acquired a new position in shares of Firefly Aerospace during the 3rd quarter valued at $1,063,863,000. Vanguard Group Inc. acquired a new stake in Firefly Aerospace in the 3rd quarter valued at $53,409,000. Capital World Investors purchased a new position in Firefly Aerospace in the third quarter valued at about $35,337,000. JPMorgan Chase & Co. purchased a new stake in shares of Firefly Aerospace during the 3rd quarter valued at about $19,471,000. Finally, WCM Investment Management LLC acquired a new position in shares of Firefly Aerospace during the third quarter worth $19,386,000.

Key Stories Impacting Firefly Aerospace

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

• Positive Sentiment: Q4 beat and revenue surge — Firefly reported ($0.38) EPS vs. consensus ($0.48) and Q4 revenue of $57.7M (up 163% YoY; annual revenue up 163%), beating sales expectations and highlighting rapid top‑line growth. Strong results and management commentary likely supported the post‑earnings rally. Earnings Press Release
• Positive Sentiment: 2026 revenue guidance raised — management outlined a $420M–$450M revenue target for 2026 as it scales lunar (Blue Ghost) and defense programs, giving investors a clear growth runway and helping justify recent re‑rating. Guidance Article
• Positive Sentiment: Operational & reputation wins — the Blue Ghost lunar lander (Mission 1) won the 2025 Collier Trophy and Alpha successfully returned to flight, strengthening the company’s technical credibility and boosting investor confidence in future contract wins. Collier Trophy
• Neutral Sentiment: Market coverage and trading flow — multiple outlets (CNBC, MarketWatch, Investing.com) highlighted the earnings beat and outlook; trading volume spiked well above average, amplifying price moves but potentially increasing short‑term volatility. CNBC Coverage
• Neutral Sentiment: Company materials available — full earnings call transcript and slide deck are posted for investors to review operational details and backlog commentary. Useful for due diligence but not immediate catalysts by themselves. Earnings Call Transcript
• Neutral Sentiment: Short‑interest data ambiguous — a March short‑interest entry shows 0 shares (no change), an odd data point that provides no clear signal on short positioning; treat with caution until corrected data is posted. (source: internal short‑interest entry)
• Negative Sentiment: Valuation, losses and execution risk flagged by analysts — at least one note (Seeking Alpha) reiterates concerns: no profits, high forward EV/sales (~5.97x), negative margins, rising operating expenses and cash burn, plus dilution/CapEx risk. These fundamentals-driven concerns could limit upside and increase sensitivity to execution missteps. Critical Analysis

Analysts Set New Price Targets

FLY has been the topic of several analyst reports. Roth Mkm reaffirmed a "buy" rating on shares of Firefly Aerospace in a research note on Monday, November 24th. Morgan Stanley restated a "positive" rating on shares of Firefly Aerospace in a research note on Thursday, March 12th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Firefly Aerospace in a research note on Monday, December 29th. JPMorgan Chase & Co. lowered their price objective on Firefly Aerospace from $55.00 to $28.00 and set an "overweight" rating for the company in a research note on Tuesday, November 25th. Finally, KeyCorp assumed coverage on Firefly Aerospace in a research report on Thursday, December 18th. They issued a "sector weight" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Firefly Aerospace presently has a consensus rating of "Moderate Buy" and a consensus target price of $38.88.

Firefly Aerospace Price Performance

Shares of FLY stock opened at $23.22 on Friday. The firm has a fifty day moving average of $23.97 and a two-hundred day moving average of $26.33. The firm has a market cap of $3.70 billion and a P/E ratio of -2.53. Firefly Aerospace, Inc. has a 1-year low of $16.00 and a 1-year high of $73.80. The company has a debt-to-equity ratio of 0.03, a current ratio of 6.20 and a quick ratio of 6.20.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) last issued its quarterly earnings results on Thursday, March 19th. The company reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.10. The company had revenue of $57.67 million for the quarter. The company's revenue was up 541.1% on a year-over-year basis.

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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