Key Points
- General Counsel David Leigh Wheeler sold 3,766 shares of Firefly Aerospace on April 17 at an average price of $45.04 for $169,620.64, reducing his stake by 2.57% to 142,758 shares (valued at about $6.43M).
- Firefly has a market cap of $6.84 billion, a negative P/E (-4.66) and steep negative margins despite revenue rising 541% year-over-year; analysts give an overall "Moderate Buy" rating with an average target of $37, and large institutional stakes include AE Industrial Partners (~$1.06B) and others.
Firefly Aerospace, Inc. (NASDAQ:FLY - Get Free Report) General Counsel David Leigh Wheeler sold 3,766 shares of the company's stock in a transaction on Friday, April 17th. The shares were sold at an average price of $45.04, for a total transaction of $169,620.64. Following the completion of the transaction, the general counsel owned 142,758 shares of the company's stock, valued at $6,429,820.32. This trade represents a 2.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Firefly Aerospace Stock Performance
Firefly Aerospace stock opened at $42.79 on Tuesday. Firefly Aerospace, Inc. has a 12-month low of $16.00 and a 12-month high of $73.80. The company has a debt-to-equity ratio of 0.24, a current ratio of 4.51 and a quick ratio of 4.51. The company has a market capitalization of $6.84 billion and a price-to-earnings ratio of -4.66. The firm's fifty day moving average price is $26.32 and its 200 day moving average price is $25.04.
Firefly Aerospace (NASDAQ:FLY - Get Free Report) last posted its quarterly earnings data on Thursday, March 19th. The company reported ($0.38) earnings per share for the quarter, beating analysts' consensus estimates of ($0.48) by $0.10. The company had revenue of $57.67 million during the quarter. Firefly Aerospace had a negative net margin of 186.63% and a negative return on equity of 234.80%. Firefly Aerospace's quarterly revenue was up 541.1% on a year-over-year basis. On average, research analysts forecast that Firefly Aerospace, Inc. will post -1.8 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the company. AE Industrial Partners LP acquired a new stake in shares of Firefly Aerospace during the 3rd quarter valued at approximately $1,063,863,000. Vanguard Group Inc. acquired a new position in Firefly Aerospace in the third quarter worth $53,409,000. Hudson Bay Capital Management LP bought a new stake in Firefly Aerospace during the third quarter valued at $50,711,000. UBS Group AG raised 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 purchasing an additional 1,241,987 shares during the period. Finally, Capital World Investors bought a new position in shares of Firefly Aerospace in the 3rd quarter worth about $35,337,000.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. Morgan Stanley restated a "positive" rating on shares of Firefly Aerospace in a research note on Thursday, March 12th. Jefferies Financial Group raised their price target on shares of Firefly Aerospace from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Monday, April 13th. UBS Group set a $33.00 price target on shares of Firefly Aerospace in a research note on Thursday, March 12th. Cantor Fitzgerald cut their price target on shares of Firefly Aerospace from $65.00 to $35.00 and set an "overweight" rating on the stock in a report on Thursday, March 26th. Finally, Roth Mkm increased their price objective on shares of Firefly Aerospace from $35.00 to $60.00 and gave the company a "buy" rating in a research note on Friday. Six investment analysts have rated the stock with a Buy rating, three 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 $37.00.
Get Our Latest Analysis on Firefly Aerospace
About Firefly Aerospace
(
Get Free Report)
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.
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