Firefly Aerospace (NASDAQ:FLY) Upgraded to “Sell” at Wall Street Zen

Wall Street Zen upgraded shares of Firefly Aerospace (NASDAQ:FLY) from a strong sell rating to a sell rating in a report released on Saturday morning.

A number of other equities analysts also recently commented on FLY. Weiss Ratings raised Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 25th. Wells Fargo & Company began coverage on shares of Firefly Aerospace in a report on Monday, July 27th. They issued an “equal weight” rating and a $25.00 target price on the stock. B. Riley Financial decreased their price target on shares of Firefly Aerospace from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday. Jefferies Financial Group set a $35.00 price target on shares of Firefly Aerospace in a report on Wednesday. Finally, The Goldman Sachs Group raised their price objective on shares of Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, April 20th. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Firefly Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $36.82.

Firefly Aerospace Trading Down 0.4%

NASDAQ:FLY opened at $26.67 on Friday. Firefly Aerospace has a 12-month low of $16.00 and a 12-month high of $62.17. The firm has a market cap of $4.46 billion and a PE 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. The stock has a fifty day moving average price of $25.79 and a 200 day moving average price of $29.41.

Firefly Aerospace (NASDAQ:FLY) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.42) earnings per share for the quarter, topping the consensus estimate of ($0.50) by $0.08. The company 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%.Firefly Aerospace’s revenue for the quarter was up 659.2% compared to the same quarter last year. During the same quarter last year, the company earned ($5.78) EPS. Sell-side analysts anticipate that Firefly Aerospace will post -1.91 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 company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $45.12, for a total value of $169,876.80. Following the completion of the transaction, the general counsel owned 142,758 shares in the company, valued at $6,441,240.96. This represents 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 hyperlink. 7.50% of the stock is owned by corporate insiders.

Institutional Trading of Firefly Aerospace

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. acquired a new stake in shares of Firefly Aerospace in the 3rd quarter valued at about $53,409,000. Franklin Resources Inc. acquired a new position in Firefly Aerospace during the third quarter worth approximately $7,834,000. BNP Paribas Financial Markets acquired a new position in Firefly Aerospace during the third quarter worth approximately $26,000. UBS Group AG purchased a new stake in Firefly Aerospace in the third quarter valued at approximately $15,587,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Firefly Aerospace in the third quarter valued at approximately $1,128,000.

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.