Firefly Aerospace, Inc. $FLY Position Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Firefly Aerospace, Inc. (NASDAQ:FLY) by 68.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,761 shares of the company’s stock after purchasing an additional 38,351 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.06% of Firefly Aerospace worth $2,786,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new position in shares of Firefly Aerospace during the third quarter valued at $26,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Firefly Aerospace in the 3rd quarter worth about $26,000. California State Teachers Retirement System acquired a new stake in shares of Firefly Aerospace in the 4th quarter worth about $30,000. KBC Group NV bought a new stake in Firefly Aerospace in the 1st quarter valued at about $38,000. Finally, Russell Investments Group Ltd. acquired a new position in Firefly Aerospace during the 4th quarter valued at about $38,000.

Wall Street Analyst Weigh In

FLY has been the topic of a number of recent analyst reports. Jefferies Financial Group set a $35.00 price target on Firefly Aerospace in a report on Wednesday, August 12th. Wells Fargo & Company started coverage on Firefly Aerospace in a research report on Monday, July 27th. They set an “equal weight” rating and a $25.00 price target for the company. B. Riley Financial lowered their price target on Firefly Aerospace from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Cantor Fitzgerald restated an “overweight” rating and set a $35.00 price objective on shares of Firefly Aerospace in a research note on Wednesday, August 12th. Finally, KeyCorp raised shares of Firefly Aerospace from a “sector weight” rating to an “overweight” rating and set a $50.00 price objective for the company in a report on Monday, June 15th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.82.

Firefly Aerospace Price Performance

Shares of NASDAQ:FLY opened at $20.90 on Friday. Firefly Aerospace, Inc. has a 12 month low of $16.00 and a 12 month high of $62.17. The stock has a market cap of $3.50 billion and a price-to-earnings ratio of -7.11. The stock’s 50 day moving average price is $22.83 and its 200 day moving average price is $29.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.73 and a quick ratio of 2.73.

Firefly Aerospace (NASDAQ:FLY) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($0.42) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $117.68 million during the quarter. During the same period in the previous year, the business posted ($5.78) earnings per share. The business’s revenue for the quarter was up 659.2% compared to the same quarter last year. Equities research analysts anticipate that Firefly Aerospace, Inc. will post -1.91 earnings per share for the current fiscal year.

Firefly Aerospace Company 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.