Firefly Aerospace, Inc.’s (NASDAQ:FLY) Quiet Period Set To End on September 16th

Firefly Aerospace’s (NASDAQ:FLY) quiet period will end on Tuesday, September 16th. Firefly Aerospace had issued 19,296,000 shares in its initial public offering on August 7th. The total size of the offering was $868,320,000 based on an initial share price of $45.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FLY shares. Morgan Stanley started coverage on shares of Firefly Aerospace in a research report on Tuesday, September 2nd. They set an “equal weight” rating and a $52.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Firefly Aerospace in a research report on Tuesday, September 2nd. They set an “overweight” rating and a $55.00 price target on the stock. Wall Street Zen lowered shares of Firefly Aerospace from a “hold” rating to a “sell” rating in a research report on Friday. Jefferies Financial Group raised shares of Firefly Aerospace to a “strong-buy” rating in a research report on Tuesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Firefly Aerospace in a research report on Tuesday, September 2nd. They set a “hold” rating and a $45.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.17.

Firefly Aerospace Trading Up 0.4%

FLY opened at $42.78 on Tuesday. Firefly Aerospace has a twelve month low of $41.57 and a twelve month high of $73.80.

Firefly Aerospace Company Profile

Firefly Aerospace is a market leading space and defense technology company with an established track record of success providing comprehensive mission solutions to national security, government, and commercial customers. Our mission is to enable responsive, regular, and reliable launch, transit, and operations in space for our customers across the globe.