Needham Investment Management LLC Has $1.34 Million Stock Holdings in Firefly Aerospace, Inc. $FLY

Needham Investment Management LLC grew its stake in Firefly Aerospace, Inc. (NASDAQ:FLY) by 50.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 60,000 shares of the company’s stock after buying an additional 20,000 shares during the period. Needham Investment Management LLC’s holdings in Firefly Aerospace were worth $1,342,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FLY. AE Industrial Partners LP bought a new stake in Firefly Aerospace in the 3rd quarter valued at $1,063,863,000. Vanguard Group Inc. bought a new stake in shares of Firefly Aerospace in the third quarter valued at about $53,409,000. Hudson Bay Capital Management LP acquired a new position in shares of Firefly Aerospace during the third quarter worth about $50,711,000. UBS Group AG grew its holdings in shares of Firefly Aerospace by 233.6% during the fourth quarter. UBS Group AG now owns 1,773,607 shares of the company’s stock worth $39,676,000 after buying an additional 1,241,987 shares in the last quarter. Finally, Capital World Investors bought a new position in shares of Firefly Aerospace during the third quarter worth about $35,337,000.

Insider Activity at Firefly Aerospace

In related news, General Counsel David Leigh Wheeler sold 3,766 shares of the business’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $45.04, for a total value of $169,620.64. Following the sale, the general counsel owned 142,758 shares of the company’s stock, valued at $6,429,820.32. The trade was a 2.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 7.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FLY shares. B. Riley Financial initiated coverage on Firefly Aerospace in a research note on Wednesday, May 6th. They issued a “buy” rating and a $60.00 target price on the stock. The Goldman Sachs Group raised their target price on shares of Firefly Aerospace from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Morgan Stanley lifted their target price on shares of Firefly Aerospace from $33.00 to $37.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Weiss Ratings cut Firefly Aerospace from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, April 24th. Finally, Wall Street Zen upgraded shares of Firefly Aerospace from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 7th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Firefly Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.20.

Firefly Aerospace Stock Up 4.7%

NASDAQ FLY opened at $33.36 on Tuesday. Firefly Aerospace, Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $73.80. The business has a fifty day moving average price of $39.78 and a two-hundred day moving average price of $29.35. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.53 and a quick ratio of 2.53. The stock has a market capitalization of $5.35 billion and a PE ratio of -4.09.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings results on Monday, May 4th. The company reported ($0.46) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.04. The company had revenue of $80.88 million for the quarter. Firefly Aerospace had a negative net margin of 181.16% and a negative return on equity of 40.96%. The company’s revenue for the quarter was up 44.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($5.09) earnings per share. Equities analysts expect that Firefly Aerospace, Inc. will post -1.95 earnings per share for the current fiscal year.

Firefly Aerospace 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.