52,496 Shares in Firefly Aerospace, Inc. $FLY Bought by Ethic Inc.

Ethic Inc. acquired a new position in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 52,496 shares of the company’s stock, valued at approximately $1,215,000.

Other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV purchased a new stake in Firefly Aerospace in the first quarter valued at approximately $38,000. Integrated Wealth Concepts LLC acquired a new position in Firefly Aerospace in the 2nd quarter valued at about $56,000. Sterling Capital Management LLC increased its stake in Firefly Aerospace by 848.9% during the third quarter. Sterling Capital Management LLC now owns 2,657 shares of the company’s stock worth $62,000 after purchasing an additional 2,377 shares during the period. Parallel Advisors LLC lifted its position in shares of Firefly Aerospace by 398.0% during the first quarter. Parallel Advisors LLC now owns 2,953 shares of the company’s stock worth $84,000 after purchasing an additional 2,360 shares in the last quarter. Finally, Parvin Asset Management LLC acquired a new stake in shares of Firefly Aerospace during the second quarter worth about $103,000.

Firefly Aerospace Stock Down 0.4%

FLY stock opened at $25.21 on Friday. The company’s 50 day moving average price is $20.71 and its 200 day moving average price is $26.73. Firefly Aerospace, Inc. has a fifty-two week low of $14.44 and a fifty-two week high of $62.17. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.73 and a current ratio of 2.29.

Firefly Aerospace (NASDAQ:FLY) last posted its quarterly earnings results on Tuesday, November 10th. The company reported ($0.45) EPS for the quarter, topping the consensus estimate of ($0.50) by $0.05. Firefly Aerospace had a negative net margin of 88.37% and a negative return on equity of 24.96%. The company had revenue of $110.68 million during the quarter, compared to analysts’ expectations of $106.40 million. During the same quarter in the previous year, the business posted ($0.33) EPS. The firm’s revenue was up 259.4% on a year-over-year basis. As a group, analysts forecast that Firefly Aerospace, Inc. will post -2.31 EPS for the current year.

Wall Street Analyst Weigh In

FLY has been the subject of a number of research reports. KeyCorp dropped their price objective on shares of Firefly Aerospace from $50.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, November 2nd. Wall Street Zen upgraded shares of Firefly Aerospace from a “sell” rating to a “hold” rating in a report on Saturday, November 7th. Jefferies Financial Group decreased their price target on shares of Firefly Aerospace from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Friday. Cantor Fitzgerald restated an “overweight” rating and issued a $35.00 price target on shares of Firefly Aerospace in a research note on Wednesday, August 12th. Finally, B. Riley Financial upped their price objective on Firefly Aerospace from $40.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.33.

About Firefly Aerospace

Firefly Aerospace is a space and defense technology company founded in 2017 and headquartered in Cedar Park, Texas. It develops launch vehicles and spacecraft and provides launch, lunar, and in-space transportation services for government and commercial customers. Its products include the Alpha rocket, designed to carry small and medium-sized payloads to orbit, and the Blue Ghost lunar lander, which delivers payloads to the Moon. The company also develops Elytra, an orbital vehicle intended to support missions such as payload transport and in-space operations.