Firefly Aerospace (NASDAQ:FLY) Given New $54.00 Price Target at B. Riley Financial

Firefly Aerospace (NASDAQ:FLY) had its price objective increased by B. Riley Financial from $40.00 to $54.00 in a research report sent to investors on Wednesday,Benzinga reports. B. Riley Financial currently has a buy rating on the stock.

A number of other analysts have also weighed in on FLY. Wells Fargo & Company began coverage on shares of Firefly Aerospace in a report on Monday, July 27th. They set an “equal weight” rating and a $25.00 target price on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 target price on shares of Firefly Aerospace in a research note on Wednesday, August 12th. Roth Capital cut their price target on shares of Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Jefferies Financial Group restated a “buy” rating on shares of Firefly Aerospace in a research report on Friday, November 6th. Finally, Wall Street Zen raised shares of Firefly Aerospace from a “sell” rating to a “hold” rating in a report on Saturday, November 7th. Seven analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.75.

Firefly Aerospace Stock Up 12.3%

FLY stock opened at $26.61 on Wednesday. The stock has a 50-day simple moving average of $20.55 and a two-hundred day simple moving average of $26.75. Firefly Aerospace has a twelve month low of $14.44 and a twelve month high of $62.17. The firm has a market capitalization of $4.45 billion, a PE ratio of -13.30 and a beta of 0.84. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.02.

Firefly Aerospace (NASDAQ:FLY) last announced its quarterly earnings results on Tuesday, November 10th. The company reported ($0.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.15. Firefly Aerospace had a negative net margin of 88.37% and a negative return on equity of 24.80%. The firm had revenue of $110.68 million for the quarter. During the same period in the previous year, the company posted ($0.33) earnings per share. The company’s quarterly revenue was up 259.4% compared to the same quarter last year. On average, equities analysts predict that Firefly Aerospace will post -2.31 EPS for the current fiscal year.

Institutional Trading of Firefly Aerospace

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Firefly Aerospace during the 2nd quarter worth $173,573,000. Tema ETFs LLC grew its position in Firefly Aerospace by 133,440.2% in the second quarter. Tema ETFs LLC now owns 2,280,867 shares of the company’s stock worth $67,057,000 after acquiring an additional 2,279,159 shares in the last quarter. Tidal Investments LLC bought a new position in Firefly Aerospace in the second quarter valued at $63,714,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Firefly Aerospace in the third quarter valued at $23,354,000. Finally, Van ECK Associates Corp increased its stake in Firefly Aerospace by 43.8% in the second quarter. Van ECK Associates Corp now owns 3,048,335 shares of the company’s stock valued at $89,621,000 after acquiring an additional 927,804 shares during the last quarter.

Firefly Aerospace News Roundup

Investors following FLY have been watching these news items:

• Positive Sentiment: Firefly forecast 2026 revenue of $440 million to $450 million, slightly above the $438.1 million consensus estimate. The outlook accompanies a reported $1.3 billion AST SpaceMobile partnership, which could turn launch capacity demand into a substantial growth opportunity. Seeking Alpha article
• Positive Sentiment: A new agreement with Japan’s Synspective provides for up to 10 Alpha launches through 2030, with as many as 20 satellites to be deployed. The long-term contract adds visibility to launch demand. Firefly announcement
• Neutral Sentiment: Analyst actions were mixed: B. Riley raised its target to $54 and maintained a Buy rating, while Barclays lifted its target to $35 but kept an Equal Weight rating. B. Riley analyst actions

Firefly Aerospace Company Profile

Firefly Aerospace is a space and defense technology company founded in 2017 and headquartered in Cedar Park, Texas. It develops launch vehicles and spacecraft and provides launch, lunar, and in-space transportation services for government and commercial customers. Its products include the Alpha rocket, designed to carry small and medium-sized payloads to orbit, and the Blue Ghost lunar lander, which delivers payloads to the Moon. The company also develops Elytra, an orbital vehicle intended to support missions such as payload transport and in-space operations.