22,793 Shares in Firefly Aerospace, Inc. $FLY Acquired by Penney Financial LLC

Penney Financial LLC acquired a new position in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) in the 1st quarter, HoldingsChannel reports. The fund acquired 22,793 shares of the company’s stock, valued at approximately $649,000.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. bought a new stake in Firefly Aerospace in the third quarter valued at $53,409,000. Hudson Bay Capital Management LP acquired a new position in Firefly Aerospace during the 3rd quarter worth approximately $50,711,000. 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 worth $39,676,000 after acquiring an additional 1,241,987 shares in the last quarter. Capital World Investors acquired a new stake in Firefly Aerospace in the third quarter valued at approximately $35,337,000. Finally, Temasek Holdings Private Ltd increased its holdings in shares of Firefly Aerospace by 151.3% during the fourth quarter. Temasek Holdings Private Ltd now owns 1,069,588 shares of the company’s stock valued at $23,927,000 after acquiring an additional 643,886 shares in the last quarter.

Insiders Place Their Bets

In related news, General Counsel David Leigh Wheeler sold 3,766 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $45.04, for a total transaction of $169,620.64. Following the completion of the sale, the general counsel owned 142,758 shares in the company, valued at approximately $6,429,820.32. This trade represents a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 7.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on FLY. Morgan Stanley increased their target price on Firefly Aerospace from $33.00 to $37.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Cantor Fitzgerald lowered their price objective on shares of Firefly Aerospace from $65.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, March 26th. B. Riley Financial started coverage on shares of Firefly Aerospace in a report on Wednesday, May 6th. They set a “buy” rating and a $60.00 price objective for the company. UBS Group set a $33.00 target price on shares of Firefly Aerospace in a research report on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $35.00 price target on shares of Firefly Aerospace in a research report on Tuesday, May 5th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.20.

Firefly Aerospace Stock Performance

Shares of FLY opened at $25.54 on Monday. The stock has a 50 day moving average of $38.29 and a 200 day moving average of $29.99. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.02. Firefly Aerospace, Inc. has a 12 month low of $16.00 and a 12 month high of $73.80. The company has a market capitalization of $4.09 billion and a price-to-earnings ratio of -3.13.

Firefly Aerospace (NASDAQ:FLY) last announced its earnings results on Monday, May 4th. The company reported ($0.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.50) by $0.04. The firm had revenue of $80.88 million during the quarter. Firefly Aerospace had a negative return on equity of 40.96% and a negative net margin of 181.16%.The company’s revenue for the quarter was up 44.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($5.09) earnings per share. As a group, sell-side analysts forecast that Firefly Aerospace, Inc. will post -1.97 earnings per share for the current 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.