Firefly Aerospace (NASDAQ:FLY) Posts Earnings Results

Firefly Aerospace (NASDAQ:FLY) issued its quarterly earnings data on Monday. The company reported ($0.46) EPS for the quarter, FiscalAI reports. The firm had revenue of $80.88 million for the quarter. Firefly Aerospace had a negative return on equity of 234.80% and a negative net margin of 186.63%.

Firefly Aerospace Price Performance

FLY stock traded down $0.43 during trading on Monday, hitting $33.37. The stock had a trading volume of 3,966,434 shares, compared to its average volume of 4,798,742. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.51 and a quick ratio of 4.51. Firefly Aerospace has a twelve month low of $16.00 and a twelve month high of $73.80. The stock has a market capitalization of $5.34 billion and a P/E ratio of -3.63. The company’s 50-day moving average price is $28.90 and its two-hundred day moving average price is $25.46.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Cantor Fitzgerald dropped their target price on Firefly Aerospace from $65.00 to $35.00 and set an “overweight” rating on the stock in a research report on Thursday, March 26th. Jefferies Financial Group raised their target price on Firefly Aerospace from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Wall Street Zen upgraded Firefly Aerospace from a “sell” rating to a “hold” rating in a research report on Saturday, April 18th. The Goldman Sachs Group lifted their price target on shares of Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Finally, Weiss Ratings cut shares of Firefly Aerospace from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.00.

Insider Transactions at Firefly Aerospace

In related news, General Counsel David Leigh Wheeler sold 3,766 shares of Firefly Aerospace stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $45.04, for a total value of $169,620.64. Following the sale, the general counsel directly owned 142,758 shares in the company, valued at approximately $6,429,820.32. The trade was a 2.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 7.50% of the company’s stock.

Institutional Investors Weigh In On Firefly Aerospace

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. WCM Investment Management LLC acquired a new stake in Firefly Aerospace during the 3rd quarter worth $19,386,000. TD Asset Management Inc acquired a new position in shares of Firefly Aerospace during the 3rd quarter worth approximately $4,353,000. Liontrust Investment Partners LLP acquired a new position in shares of Firefly Aerospace during the 3rd quarter worth approximately $1,790,000. LBP AM SA boosted its holdings in shares of Firefly Aerospace by 265.5% during the 4th quarter. LBP AM SA now owns 223,855 shares of the company’s stock worth $5,008,000 after purchasing an additional 162,617 shares during the last quarter. Finally, Hudson Bay Capital Management LP acquired a new position in shares of Firefly Aerospace during the 3rd quarter worth approximately $50,711,000.

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.