Firefly Aerospace (NASDAQ:FLY) Price Target Lowered to $35.00 at Cantor Fitzgerald

Firefly Aerospace (NASDAQ:FLY) had its target price trimmed by Cantor Fitzgerald from $65.00 to $35.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other analysts also recently issued research reports about the company. KeyCorp initiated coverage on Firefly Aerospace in a research note on Thursday, December 18th. They set a “sector weight” rating on the stock. UBS Group set a $33.00 price objective on Firefly Aerospace in a research note on Thursday, March 12th. The Goldman Sachs Group boosted their price target on Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Firefly Aerospace in a report on Monday, December 29th. Finally, Morgan Stanley restated a “positive” rating on shares of Firefly Aerospace in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.13.

Firefly Aerospace Stock Performance

Firefly Aerospace stock opened at $26.81 on Thursday. The company has a quick ratio of 6.20, a current ratio of 4.51 and a debt-to-equity ratio of 0.24. The stock has a 50-day simple moving average of $23.65 and a 200 day simple moving average of $25.83. Firefly Aerospace has a 12-month low of $16.00 and a 12-month high of $73.80. The stock has a market capitalization of $4.29 billion and a price-to-earnings ratio of -2.92.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings data on Thursday, March 19th. The company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.10. Firefly Aerospace had a negative return on equity of 234.80% and a negative net margin of 186.63%.The firm had revenue of $57.67 million for the quarter. The firm’s revenue for the quarter was up 541.1% on a year-over-year basis.

Institutional Investors Weigh In On Firefly Aerospace

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

Key Firefly Aerospace News

Here are the key news stories impacting Firefly Aerospace this week:

• Positive Sentiment: Department of Defense partnership announced to support assessment and treatment of active-duty service members and veterans with PTSD and traumatic brain injury — reinforces Firefly’s defense/healthcare contract pathway and strengthens non-launch revenue narrative. Firefly Stock Jumps On Department Of Defense Partnership
• Positive Sentiment: Firefly supported Lockheed Martin in two responsive space exercises for the U.S. Space Force (VICTUS DIEM) — a concrete demonstration of operational capability and government customer engagement. Firefly Aerospace Supports U.S. Space Force VICTUS DIEM Exercise
• Positive Sentiment: Sector rally after reports SpaceX may file for an IPO boosted investor interest across space names, including Firefly — a tailwind that drove earlier gains. Space stocks rally on reports of SpaceX’s imminent IPO filing
• Positive Sentiment: Unusually large call-option activity: traders bought ~28,970 call contracts (a ~171% rise vs. average), signaling speculative bullish interest and potential short-term upside pressure. Options Activity Report
• Neutral Sentiment: Inclusion on lists of stocks investors are buying and media “movers” coverage highlights momentum and visibility but does not by itself change fundamentals. 5 Stocks Investors Are Buying Now
• Negative Sentiment: Cantor Fitzgerald cut its price target from $65 to $35 (while maintaining an Overweight rating) — the sizable reduction may prompt investor reassessment and selling pressure despite the retained positive rating. Cantor Fitzgerald Lowers Price Target

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.