Firefly Aerospace (NASDAQ:FLY) Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Firefly Aerospace from “Sell” to “Hold,” while broader analyst sentiment remains a “Moderate Buy” with an average price target of $36.82.
• Analyst views remain mixed: price targets range from $25 at Wells Fargo to $50 at KeyCorp, while Roth Capital lowered its target from $60 to $45 but maintained a “Buy” rating.
• Firefly reported quarterly revenue of $117.68 million, up 659.2% year over year, and an adjusted loss of $0.42 per share that beat estimates of a $0.50 loss; analysts expect a full-year loss of $1.91 per share.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Sunday.

FLY has been the subject of several other research reports. Wells Fargo & Company initiated coverage on Firefly Aerospace in a report on Monday, July 27th. They issued an "equal weight" rating and a $25.00 price target for the company. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $35.00 price objective on shares of Firefly Aerospace in a research report on Wednesday, August 12th. Roth Capital lowered their target price on shares of Firefly Aerospace from $60.00 to $45.00 and set a "buy" rating for the company in a research note on Wednesday, August 12th. Weiss Ratings raised shares of Firefly Aerospace from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, June 25th. Finally, KeyCorp upgraded shares of Firefly Aerospace from a "sector weight" rating to an "overweight" rating and set a $50.00 price target on the stock in a research note on Monday, June 15th. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Firefly Aerospace currently has a consensus rating of "Moderate Buy" and an average price target of $36.82.

Firefly Aerospace Trading Up 3.5%

Shares of NASDAQ:FLY opened at $24.45 on Friday. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $4.09 billion and a PE ratio of -8.32. Firefly Aerospace has a 12-month low of $16.00 and a 12-month high of $62.17. The business's fifty day simple moving average is $24.84 and its 200-day simple moving average is $29.35.

Firefly Aerospace (NASDAQ:FLY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($0.42) earnings per share for the quarter, beating analysts' consensus estimates of ($0.50) by $0.08. Firefly Aerospace had a negative return on equity of 22.28% and a negative net margin of 126.64%.The company had revenue of $117.68 million for the quarter. During the same period in the previous year, the business earned ($5.78) EPS. Firefly Aerospace's revenue for the quarter was up 659.2% compared to the same quarter last year. As a group, equities research analysts predict that Firefly Aerospace will post -1.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new stake in shares of Firefly Aerospace during the 3rd quarter worth about $26,000. CIBC Private Wealth Group LLC purchased a new position in shares of Firefly Aerospace in the 3rd quarter valued at about $26,000. California State Teachers Retirement System purchased a new position in shares of Firefly Aerospace in the 4th quarter valued at about $30,000. NBC Securities Inc. acquired a new position in Firefly Aerospace in the 4th quarter worth about $38,000. Finally, KBC Group NV purchased a new position in Firefly Aerospace during the first quarter worth approximately $38,000.

About Firefly Aerospace

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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