Legal & General Group Plc Purchases New Position in Firefly Aerospace, Inc. $FLY

Legal & General Group Plc purchased a new position in Firefly Aerospace, Inc. (NASDAQ:FLY) in the second quarter, HoldingsChannel reports. The fund purchased 44,754 shares of the company’s stock, valued at approximately $1,316,000.

Other large investors have also bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in shares of Firefly Aerospace during the 3rd quarter worth approximately $26,000. CIBC Private Wealth Group LLC purchased a new position in shares of Firefly Aerospace in the 3rd quarter valued at approximately $26,000. California State Teachers Retirement System bought a new stake in shares of Firefly Aerospace during the fourth quarter valued at approximately $30,000. Russell Investments Group Ltd. bought a new stake in shares of Firefly Aerospace during the fourth quarter valued at approximately $38,000. Finally, KBC Group NV purchased a new stake in Firefly Aerospace in the first quarter worth $38,000.

Analysts Set New Price Targets

Several equities analysts have commented on FLY shares. Cantor Fitzgerald reissued an “overweight” rating and set a $35.00 price objective on shares of Firefly Aerospace in a research report on Wednesday, August 12th. KeyCorp raised shares of Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 target price on the stock in a research report on Monday, June 15th. Weiss Ratings upgraded shares of Firefly Aerospace from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 25th. Wall Street Zen raised shares of Firefly Aerospace from a “sell” rating to a “hold” rating in a research report on Sunday, August 23rd. Finally, Wells Fargo & Company initiated coverage on shares of Firefly Aerospace in a research note on Monday, July 27th. They set an “equal weight” rating and a $25.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Firefly Aerospace has an average rating of “Moderate Buy” and an average target price of $36.82.

Firefly Aerospace Price Performance

FLY stock opened at $21.67 on Monday. The business has a 50 day moving average of $23.40 and a 200 day moving average of $29.36. The firm has a market cap of $3.63 billion and a PE ratio of -7.37. Firefly Aerospace, Inc. has a twelve month low of $16.00 and a twelve month high of $62.17. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.02.

Firefly Aerospace (NASDAQ:FLY) last released its earnings results on Tuesday, August 11th. The company reported ($0.42) EPS for the quarter, topping the consensus estimate of ($0.50) by $0.08. Firefly Aerospace had a negative return on equity of 22.28% and a negative net margin of 126.64%.The business had revenue of $117.68 million for the quarter. During the same period last year, the firm posted ($5.78) earnings per share. The company’s revenue was up 659.2% compared to the same quarter last year. On average, research analysts forecast that Firefly Aerospace, Inc. will post -1.91 EPS for the current fiscal year.

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.