Firefly Aerospace, Inc. (NASDAQ:FLY) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Firefly Aerospace, Inc. (NASDAQ:FLY) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $39.7143.

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised Firefly Aerospace from a “hold” rating to a “buy” rating and lowered their target price for the stock from $40.00 to $30.00 in a research report on Thursday, November 13th. The Goldman Sachs Group increased their target price on shares of Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. KeyCorp started coverage on shares of Firefly Aerospace in a research report on Thursday, December 18th. They issued a “sector weight” rating on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Firefly Aerospace in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. dropped their target price 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.

Institutional Trading of Firefly Aerospace

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

Firefly Aerospace Price Performance

Shares of NASDAQ FLY opened at $27.09 on Friday. The firm has a 50 day simple moving average of $24.12. 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 1 year low of $16.00 and a 1 year high of $73.80. The company has a market cap of $4.31 billion and a price-to-earnings ratio of -3.72.

Firefly Aerospace (NASDAQ:FLY) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.09. The business had revenue of $30.78 million during the quarter, compared to analyst estimates of $28.93 million. The business’s quarterly revenue was up 37.5% on a year-over-year basis.

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.