Firefly Aerospace, Inc. (NASDAQ:FLY) Receives Consensus Rating of “Moderate Buy” from Analysts

Firefly Aerospace, Inc. (NASDAQ:FLY) has been assigned an average rating of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $39.7143.

Several research analysts have recently issued reports on the company. Morgan Stanley set a $33.00 price objective on Firefly Aerospace in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Firefly Aerospace in a report on Monday, December 29th. JPMorgan Chase & Co. cut their price objective on shares of Firefly Aerospace from $55.00 to $28.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Firefly Aerospace from a “hold” rating to a “buy” rating and lowered their target price for the company from $40.00 to $30.00 in a report on Thursday, November 13th. Finally, KeyCorp assumed coverage on shares of Firefly Aerospace in a research note on Thursday, December 18th. They set a “sector weight” rating on the stock.

Firefly Aerospace Stock Performance

Shares of FLY stock opened at $19.98 on Tuesday. The firm has a market capitalization of $3.18 billion and a P/E ratio of -2.74. The stock’s fifty day moving average price is $25.13. The company has a current ratio of 6.20, a quick ratio of 6.20 and a debt-to-equity ratio of 0.03. Firefly Aerospace has a 12 month low of $16.00 and a 12 month high of $73.80.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. WCM Investment Management LLC purchased a new stake in Firefly Aerospace in the 3rd quarter valued at approximately $19,386,000. Phoenix Financial Ltd. purchased a new stake in shares of Firefly Aerospace in the third quarter valued at approximately $14,468,000. Penserra Capital Management LLC acquired a new position in Firefly Aerospace during the third quarter worth $3,699,000. AE Industrial Partners LP purchased a new position in Firefly Aerospace in the third quarter worth $1,063,863,000. Finally, Teacher Retirement System of Texas acquired a new stake in Firefly Aerospace in the third quarter valued at $3,836,000.

About Firefly Aerospace

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.