Firefly Aerospace, Inc. $FLY Stake Reduced by Phoenix Financial Ltd.

Phoenix Financial Ltd. trimmed its holdings in Firefly Aerospace, Inc. (NASDAQ:FLY) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,759,387 shares of the company’s stock after selling 53,476 shares during the quarter. Phoenix Financial Ltd. owned 1.05% of Firefly Aerospace worth $40,732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. KBC Group NV acquired a new position in shares of Firefly Aerospace in the 1st quarter worth approximately $38,000. Integrated Wealth Concepts LLC acquired a new stake in Firefly Aerospace during the second quarter valued at approximately $56,000. Sterling Capital Management LLC boosted its holdings in Firefly Aerospace by 848.9% during the third quarter. Sterling Capital Management LLC now owns 2,657 shares of the company’s stock worth $62,000 after buying an additional 2,377 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Firefly Aerospace by 398.0% during the first quarter. Parallel Advisors LLC now owns 2,953 shares of the company’s stock worth $84,000 after buying an additional 2,360 shares in the last quarter. Finally, Parvin Asset Management LLC acquired a new position in Firefly Aerospace in the second quarter worth approximately $103,000.

Firefly Aerospace Trading Down 0.4%

FLY stock traded down $0.10 during mid-day trading on Friday, reaching $25.21. 3,391,121 shares of the stock traded hands, compared to its average volume of 4,058,145. Firefly Aerospace, Inc. has a 52-week low of $14.44 and a 52-week high of $62.17. The stock’s fifty day moving average is $20.71 and its 200-day moving average is $26.73. The company has a market cap of $4.33 billion, a P/E ratio of -12.61 and a beta of 0.84. The company has a current ratio of 2.29, a quick ratio of 2.73 and a debt-to-equity ratio of 0.02.

Firefly Aerospace (NASDAQ:FLY) last released its earnings results on Tuesday, November 10th. The company reported ($0.45) earnings per share for the quarter, topping the consensus estimate of ($0.50) by $0.05. Firefly Aerospace had a negative net margin of 88.37% and a negative return on equity of 24.96%. The business had revenue of $110.68 million for the quarter, compared to the consensus estimate of $106.40 million. During the same period last year, the firm posted ($0.33) earnings per share. The firm’s quarterly revenue was up 259.4% compared to the same quarter last year. As a group, sell-side analysts expect that Firefly Aerospace, Inc. will post -2.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Roth Capital dropped their price target on Firefly Aerospace from $60.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Barclays raised their price objective on Firefly Aerospace from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Cantor Fitzgerald restated an “overweight” rating and issued a $35.00 target price on shares of Firefly Aerospace in a report on Wednesday, August 12th. Wall Street Zen lowered Firefly Aerospace from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Firefly Aerospace in a research report on Tuesday, September 22nd. Seven research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $35.33.

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.