Stock Traders Buy High Volume of Call Options on Firefly Aerospace (NASDAQ:FLY)

Firefly Aerospace, Inc. (NASDAQ:FLY) was the recipient of some unusual options trading activity on Thursday. Investors bought 7,218 call options on the company. This represents an increase of approximately 70% compared to the average daily volume of 4,257 call options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in Firefly Aerospace in the third quarter worth $74,000. HUB Investment Partners LLC purchased a new stake in Firefly Aerospace during the 3rd quarter worth about $206,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Firefly Aerospace in the 3rd quarter worth about $293,000. Canal Insurance CO bought a new stake in shares of Firefly Aerospace during the third quarter valued at about $293,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Firefly Aerospace during the 3rd quarter valued at $633,000.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FLY. Zacks Research raised shares of Firefly Aerospace to a “hold” rating in a research note on Thursday, September 4th. The Goldman Sachs Group assumed coverage on Firefly Aerospace in a research note on Tuesday, September 2nd. They issued a “neutral” rating and a $54.00 price objective on the stock. Wall Street Zen cut shares of Firefly Aerospace from a “hold” rating to a “sell” rating in a report on Friday, September 5th. Weiss Ratings began coverage on shares of Firefly Aerospace in a report on Friday, October 31st. They set a “sell (d-)” rating on the stock. Finally, Roth Capital set a $40.00 price objective on shares of Firefly Aerospace in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Firefly Aerospace has an average rating of “Moderate Buy” and a consensus price target of $50.86.

Firefly Aerospace Price Performance

Shares of FLY traded up $3.22 during trading hours on Thursday, hitting $21.53. The stock had a trading volume of 4,793,274 shares, compared to its average volume of 1,840,404. The business’s 50 day moving average is $31.88. Firefly Aerospace has a 1-year low of $18.21 and a 1-year high of $73.80.

Firefly Aerospace (NASDAQ:FLY) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.09. The business had revenue of $30.78 million for the quarter, compared to analyst estimates of $28.93 million. The company’s quarterly revenue was up 37.5% compared to the same quarter last year. Firefly Aerospace has set its FY 2025 guidance at EPS.

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.