Firefly Aerospace (NASDAQ:FLY) Shares Gap Up – Here’s What Happened

10 Jun 2026, 16:24 by Kim Johansen · The Markets Daily

Firefly Aerospace, Inc. (NASDAQ:FLY – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $33.44, but opened at $34.75. Firefly Aerospace shares last traded at $34.2540, with a volume of 1,345,353 shares traded.

Analysts Set New Price Targets

Several research analysts have commented on FLY shares. Wall Street Zen raised Firefly Aerospace from a “strong sell” rating to a “sell” rating in a research report on Sunday. UBS Group set a $33.00 price target on Firefly Aerospace in a research report on Thursday, March 12th. Morgan Stanley lifted their price target on Firefly Aerospace from $33.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $35.00 price objective on shares of Firefly Aerospace in a research report on Tuesday, May 5th. Finally, Weiss Ratings cut Firefly Aerospace from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, April 24th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Firefly Aerospace currently has an average rating of “Hold” and a consensus target price of $41.33.

Read Our Latest Analysis on Firefly Aerospace

Firefly Aerospace Stock Down 0.5%

The business has a 50-day simple moving average of $39.31 and a two-hundred day simple moving average of $28.86. The stock has a market capitalization of $5.33 billion and a P/E ratio of -4.08. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.02.

Firefly Aerospace (NASDAQ:FLY – Get Free Report) last announced 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. Firefly Aerospace had a negative return on equity of 40.96% and a negative net margin of 181.16%.The firm had revenue of $80.88 million for the quarter. During the same quarter last year, the company earned ($5.09) earnings per share. The business’s revenue was up 44.8% on a year-over-year basis. Equities research analysts forecast that Firefly Aerospace, Inc. will post -1.95 earnings per share for the current fiscal year.

Insider Activity at Firefly Aerospace

In other news, General Counsel David Leigh Wheeler sold 3,765 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $45.12, for a total transaction of $169,876.80. Following the sale, the general counsel owned 142,758 shares in the company, valued at approximately $6,441,240.96. This represents a 2.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.50% of the company’s stock.

Hedge Funds Weigh In On Firefly Aerospace

Several hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in Firefly Aerospace by 398.0% in the first quarter. Parallel Advisors LLC now owns 2,953 shares of the company’s stock valued at $84,000 after acquiring an additional 2,360 shares during the last quarter. J. Derek Lewis & Associates Inc. bought a new position in Firefly Aerospace in the first quarter valued at about $373,000. Bank of America Corp DE lifted its stake in Firefly Aerospace by 55.8% in the first quarter. Bank of America Corp DE now owns 299,042 shares of the company’s stock valued at $8,514,000 after buying an additional 107,080 shares during the period. Janus Henderson Group PLC acquired a new position in Firefly Aerospace in the first quarter valued at about $503,000. Finally, California State Teachers Retirement System lifted its stake in Firefly Aerospace by 2,259.2% in the first quarter. California State Teachers Retirement System now owns 31,189 shares of the company’s stock valued at $888,000 after buying an additional 29,867 shares during the period.

Firefly Aerospace Company Profile

(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.