Penserra Capital Management LLC Invests $3.70 Million in Firefly Aerospace, Inc. $FLY

Penserra Capital Management LLC purchased a new stake in Firefly Aerospace, Inc. (NASDAQ:FLY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 126,182 shares of the company’s stock, valued at approximately $3,699,000. Penserra Capital Management LLC owned 0.09% of Firefly Aerospace at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FLY. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Firefly Aerospace in the third quarter valued at $293,000. Canal Insurance CO bought a new position in Firefly Aerospace in the 3rd quarter valued at about $293,000. LBP AM SA acquired a new position in Firefly Aerospace during the 3rd quarter valued at about $1,795,000. Teacher Retirement System of Texas bought a new stake in Firefly Aerospace during the 3rd quarter worth approximately $3,836,000. Finally, Phoenix Financial Ltd. purchased a new stake in shares of Firefly Aerospace in the third quarter worth approximately $14,468,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FLY shares. Deutsche Bank Aktiengesellschaft upgraded Firefly Aerospace from a “hold” rating to a “buy” rating and decreased their price target for the stock from $40.00 to $30.00 in a report on Thursday, November 13th. JPMorgan Chase & Co. reduced their target price on shares of Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. The Goldman Sachs Group boosted their price target on shares of Firefly Aerospace from $29.00 to $32.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. KeyCorp initiated coverage on shares of Firefly Aerospace in a research report on Thursday, December 18th. They issued a “sector weight” rating for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Firefly Aerospace in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have given 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 presently has an average rating of “Moderate Buy” and an average price target of $39.71.

Firefly Aerospace Stock Performance

FLY opened at $22.40 on Friday. Firefly Aerospace, Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $73.80. The firm’s 50-day moving average is $24.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 6.20 and a current ratio of 6.20. The company has a market capitalization of $3.57 billion and a price-to-earnings ratio of -3.08.

Firefly Aerospace (NASDAQ:FLY) last released its earnings results on Wednesday, November 12th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.09. The company had revenue of $30.78 million during the quarter, compared to analysts’ expectations of $28.93 million. The company’s revenue for the quarter was up 37.5% compared to the same quarter last year.

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.