Firefly Aerospace (NASDAQ:FLY) Given New $45.00 Price Target at Jefferies Financial Group

Key Points

• Jefferies raised its price target on Firefly Aerospace from $40 to $45 and kept a "buy" rating, implying about a 15.9% upside from the prior close.
• Analyst coverage is mixed—six buys, three holds and one sell—with a MarketBeat consensus of "Moderate Buy" and a consensus target of $33.25, which is below Jefferies' new target.
• Shares traded up to $38.81; Firefly has a market cap of $6.21B, reported revenue growth of 541% YoY but remains unprofitable with negative margins and a P/E of -4.24.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) had its price objective lifted by analysts at Jefferies Financial Group from $40.00 to $45.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's target price points to a potential upside of 15.94% from the stock's previous close.

Other analysts have also issued research reports about the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Firefly Aerospace in a report on Monday, December 29th. Cantor Fitzgerald lowered their target price on shares of Firefly Aerospace from $65.00 to $35.00 and set an "overweight" rating for the company in a report on Thursday, March 26th. The Goldman Sachs Group lifted their target price on shares of Firefly Aerospace from $29.00 to $32.00 and gave the stock a "neutral" rating in a report on Tuesday, January 20th. Morgan Stanley reaffirmed a "positive" rating on shares of Firefly Aerospace in a report on Thursday, March 12th. Finally, KeyCorp assumed coverage on shares of Firefly Aerospace in a report on Thursday, December 18th. They set a "sector weight" rating for the company. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.25.

Firefly Aerospace Trading Up 3.4%

FLY stock traded up $1.27 during trading on Monday, hitting $38.81. The company had a trading volume of 4,635,927 shares, compared to its average volume of 4,664,807. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $24.32 and a 200-day moving average price of $24.68. Firefly Aerospace has a 12 month low of $16.00 and a 12 month high of $73.80. The stock has a market cap of $6.21 billion and a price-to-earnings ratio of -4.24.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) last posted its quarterly earnings data on Thursday, March 19th. The company reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.48) by $0.10. Firefly Aerospace had a negative net margin of 186.63% and a negative return on equity of 234.80%. The firm had revenue of $57.67 million during the quarter. The business's revenue was up 541.1% on a year-over-year basis.

Institutional Investors Weigh In On Firefly Aerospace

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets acquired a new stake in shares of Firefly Aerospace during the third quarter worth about $26,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Firefly Aerospace during the third quarter worth about $26,000. California State Teachers Retirement System acquired a new stake in shares of Firefly Aerospace during the fourth quarter worth about $30,000. Russell Investments Group Ltd. acquired a new stake in shares of Firefly Aerospace during the fourth quarter worth about $38,000. Finally, NBC Securities Inc. acquired a new stake in shares of Firefly Aerospace during the fourth quarter worth about $38,000.

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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