Firefly Aerospace (NASDAQ:FLY) Issues Earnings Results

Firefly Aerospace (NASDAQ:FLY) posted its earnings results on Wednesday. The company reported ($0.33) EPS for the quarter, topping the consensus estimate of ($0.42) by $0.09, Zacks reports. The company’s revenue was up 37.5% on a year-over-year basis. Firefly Aerospace updated its FY 2025 guidance to EPS.

Firefly Aerospace Price Performance

Shares of NASDAQ:FLY traded down $0.82 during trading on Wednesday, hitting $18.31. 2,286,341 shares of the company were exchanged, compared to its average volume of 1,797,351. Firefly Aerospace has a 52-week low of $18.21 and a 52-week high of $73.80. The firm’s 50 day moving average is $31.88.

Institutional Investors Weigh In On Firefly Aerospace

A hedge fund recently bought a new stake in Firefly Aerospace stock. Vanguard Group Inc. purchased a new position in Firefly Aerospace, Inc. (NASDAQ:FLY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,821,598 shares of the company’s stock, valued at approximately $53,409,000. Vanguard Group Inc. owned approximately 1.24% of Firefly Aerospace at the end of the most recent quarter.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Zacks Research upgraded Firefly Aerospace to a “hold” rating in a report on Thursday, September 4th. Cantor Fitzgerald initiated coverage on Firefly Aerospace in a research report on Tuesday, September 2nd. They set an “overweight” rating and a $65.00 target price for the company. Deutsche Bank Aktiengesellschaft set a $40.00 price target on shares of Firefly Aerospace in a report on Monday, October 6th. JPMorgan Chase & Co. started coverage on shares of Firefly Aerospace in a report on Tuesday, September 2nd. They set an “overweight” rating and a $55.00 price objective for the company. Finally, Wall Street Zen cut shares of Firefly Aerospace from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Firefly Aerospace presently has an average rating of “Hold” and an average target price of $52.29.

About Firefly Aerospace

Firefly Aerospace is a market leading space and defense technology company with an established track record of success providing comprehensive mission solutions to national security, government, and commercial customers. Our mission is to enable responsive, regular, and reliable launch, transit, and operations in space for our customers across the globe.