Jennison Associates LLC Increases Stock Holdings in Firefly Aerospace, Inc. $FLY

Jennison Associates LLC grew its position in Firefly Aerospace, Inc. (NASDAQ:FLY) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 356,692 shares of the company’s stock after acquiring an additional 20,359 shares during the quarter. Jennison Associates LLC owned about 0.22% of Firefly Aerospace worth $7,979,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. BNP Paribas Financial Markets acquired a new stake in shares of Firefly Aerospace in the third quarter valued at approximately $26,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Firefly Aerospace in the third quarter valued at approximately $26,000. NBC Securities Inc. acquired a new stake in shares of Firefly Aerospace in the fourth quarter valued at approximately $38,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Firefly Aerospace in the third quarter valued at approximately $55,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Firefly Aerospace in the third quarter valued at approximately $74,000.

Insider Buying and Selling at Firefly Aerospace

In related news, General Counsel David Leigh Wheeler sold 3,766 shares of the stock in a transaction on Friday, April 17th. The stock was 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 directly owned 142,758 shares of the company’s stock, valued at $6,429,820.32. This trade represents a 2.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Firefly Aerospace Price Performance

Shares of NASDAQ FLY opened at $33.80 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.51 and a quick ratio of 4.51. The stock has a fifty day moving average price of $28.90 and a 200 day moving average price of $25.49. Firefly Aerospace, Inc. has a 1-year low of $16.00 and a 1-year high of $73.80. The company has a market cap of $5.41 billion and a PE ratio of -3.68.

Firefly Aerospace (NASDAQ:FLY) last issued its quarterly earnings results on Thursday, March 19th. The company reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.48) by $0.10. Firefly Aerospace had a negative return on equity of 234.80% and a negative net margin of 186.63%.The firm had revenue of $57.67 million during the quarter. The firm’s revenue was up 541.1% compared to the same quarter last year. Sell-side analysts forecast that Firefly Aerospace, Inc. will post -1.8 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FLY. Wall Street Zen raised Firefly Aerospace from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Morgan Stanley reissued a “positive” rating on shares of Firefly Aerospace in a report on Thursday, March 12th. Cantor Fitzgerald decreased their price objective on Firefly Aerospace from $65.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, March 26th. Weiss Ratings downgraded Firefly Aerospace from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, April 24th. Finally, The Goldman Sachs Group increased their price objective on Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

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.