David Leigh Wheeler Sells 3,766 Shares of Firefly Aerospace (NASDAQ:FLY) Stock

Firefly Aerospace, Inc. (NASDAQ:FLY) General Counsel David Leigh Wheeler sold 3,766 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $45.04, for a total transaction of $169,620.64. Following the transaction, the general counsel owned 142,758 shares in the company, valued at $6,429,820.32. The trade was a 2.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Firefly Aerospace Price Performance

Shares of Firefly Aerospace stock traded down $0.93 during trading on Monday, reaching $42.79. 4,873,730 shares of the company traded hands, compared to its average volume of 7,696,181. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 0.24. Firefly Aerospace, Inc. has a 1-year low of $16.00 and a 1-year high of $73.80. The company has a 50 day moving average price of $26.32 and a 200-day moving average price of $25.04.

Firefly Aerospace (NASDAQ:FLY) last released its earnings results on Thursday, March 19th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.48) by $0.10. Firefly Aerospace had a negative net margin of 186.63% and a negative return on equity of 234.80%. The company had revenue of $57.67 million for the quarter. The company’s revenue was up 541.1% on a year-over-year basis. On average, analysts anticipate that Firefly Aerospace, Inc. will post -1.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on FLY shares. Morgan Stanley reiterated a “positive” rating on shares of Firefly Aerospace in a research report on Thursday, March 12th. The Goldman Sachs Group upped their price objective on shares of Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday. 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. Weiss Ratings restated a “sell (d-)” rating on shares of Firefly Aerospace in a report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Firefly Aerospace from a “sell” rating to a “hold” rating in a report on Saturday. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $37.00.

Hedge Funds Weigh In On Firefly Aerospace

Institutional investors have recently added to or reduced their stakes in the stock. WCM Investment Management LLC bought a new position in Firefly Aerospace during the third quarter valued at about $19,386,000. TD Asset Management Inc bought a new position in Firefly Aerospace during the third quarter valued at about $4,353,000. Liontrust Investment Partners LLP bought a new position in Firefly Aerospace during the third quarter valued at about $1,790,000. Hudson Bay Capital Management LP bought a new position in Firefly Aerospace during the third quarter valued at about $50,711,000. Finally, Phoenix Financial Ltd. bought a new position in Firefly Aerospace during the third quarter valued at about $14,468,000.

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.