Y Intercept Hong Kong Ltd Takes $748,000 Position in Firefly Aerospace, Inc. $FLY

Y Intercept Hong Kong Ltd purchased a new position in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 26,282 shares of the company’s stock, valued at approximately $748,000.

Several other institutional investors have also added to or reduced their stakes in FLY. BNP Paribas Financial Markets acquired a new stake in shares of Firefly Aerospace during the third quarter worth $26,000. CIBC Private Wealth Group LLC acquired a new stake in Firefly Aerospace in the 3rd quarter worth about $26,000. California State Teachers Retirement System bought a new stake in Firefly Aerospace in the 4th quarter valued at about $30,000. Russell Investments Group Ltd. acquired a new position in shares of Firefly Aerospace during the 4th quarter worth approximately $38,000. Finally, NBC Securities Inc. acquired a new position in shares of Firefly Aerospace during the 4th quarter worth approximately $38,000.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FLY shares. Weiss Ratings upgraded shares of Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. Jefferies Financial Group restated a “buy” rating and set a $52.00 price objective on shares of Firefly Aerospace in a research note on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Firefly Aerospace in a report on Tuesday, May 5th. Wall Street Zen upgraded Firefly Aerospace from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 7th. Finally, The Goldman Sachs Group raised their price target on Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $42.20.

Firefly Aerospace Stock Performance

Shares of NASDAQ:FLY opened at $24.09 on Monday. Firefly Aerospace, Inc. has a 1 year low of $16.00 and a 1 year high of $73.80. The stock has a market capitalization of $3.86 billion and a price-to-earnings ratio of -2.96. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.53 and a quick ratio of 2.53. The company’s 50 day simple moving average is $35.96 and its 200 day simple moving average is $30.37.

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

Insider Buying and Selling at Firefly Aerospace

In related news, General Counsel David Leigh Wheeler sold 3,765 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $45.12, for a total value of $169,876.80. Following the sale, the general counsel directly owned 142,758 shares of the company’s stock, valued at $6,441,240.96. 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 available through this link. 7.50% of the stock is currently owned by corporate insiders.

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.