Firefly Aerospace’s (FLY) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of Firefly Aerospace (NASDAQ:FLY) in a research report report published on Wednesday,Benzinga reports. Cantor Fitzgerald currently has a $35.00 price target on the stock.

Several other equities analysts have also recently weighed in on FLY. Wells Fargo & Company began coverage on shares of Firefly Aerospace in a research note on Monday, July 27th. They issued an “equal weight” rating and a $25.00 price objective on the stock. Wall Street Zen raised shares of Firefly Aerospace from a “strong sell” rating to a “sell” rating in a report on Sunday, June 7th. Morgan Stanley increased their price target on shares of Firefly Aerospace from $33.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $35.00 price objective on shares of Firefly Aerospace in a research note on Tuesday, May 5th. Finally, Weiss Ratings raised Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 25th. Seven analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Firefly Aerospace presently has an average rating of “Moderate Buy” and an average price target of $36.82.

Firefly Aerospace Price Performance

FLY opened at $26.67 on Wednesday. The stock has a fifty day simple moving average of $25.79 and a two-hundred day simple moving average of $29.41. The company has a market cap of $4.46 billion and a price-to-earnings ratio of -9.07. The company has a current ratio of 2.73, a quick ratio of 2.53 and a debt-to-equity ratio of 0.02. Firefly Aerospace has a 12-month low of $16.00 and a 12-month high of $62.17.

Firefly Aerospace (NASDAQ:FLY) last released its earnings results on Tuesday, August 11th. The company reported ($0.42) EPS for the quarter, topping the consensus estimate of ($0.50) by $0.08. The business had revenue of $117.68 million for the quarter. Firefly Aerospace had a negative return on equity of 22.28% and a negative net margin of 126.64%.The company’s revenue was up 659.2% compared to the same quarter last year. During the same period last year, the firm posted ($5.78) earnings per share. Research analysts predict that Firefly Aerospace will post -1.86 earnings per share for the current fiscal year.

Insider Transactions at Firefly Aerospace

In other Firefly Aerospace news, General Counsel David Leigh Wheeler sold 3,765 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $45.12, for a total transaction of $169,876.80. Following the transaction, the general counsel owned 142,758 shares in the company, valued at $6,441,240.96. The trade was a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 7.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Firefly Aerospace

Several hedge funds have recently bought and sold shares of FLY. BNP Paribas Financial Markets bought a new position in shares of Firefly Aerospace during the 3rd quarter worth $26,000. CIBC Private Wealth Group LLC purchased a new stake in Firefly Aerospace in the third quarter worth about $26,000. California State Teachers Retirement System purchased a new stake in Firefly Aerospace in the fourth quarter worth about $30,000. NBC Securities Inc. bought a new position in Firefly Aerospace during the 4th quarter worth about $38,000. Finally, KBC Group NV purchased a new stake in shares of Firefly Aerospace in the 1st 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.