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Firefly Aerospace, Inc. (FLY) Receives a Buy from B. Riley Securities

Tipranks - Tipranks - Thu Aug 13, 7:36AM CDT

Firefly Aerospace, Inc. received a Buy rating and a $50.00 price target from B. Riley Securities analyst today.

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In addition to B. Riley Securities, Firefly Aerospace, Inc. also received a Buy from Roth MKM’s Suji Desilva in a report issued today. However, yesterday, Wells Fargo maintained a Hold rating on Firefly Aerospace, Inc. (NASDAQ: FLY).

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Based on Firefly Aerospace, Inc.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $80.88 million and a GAAP net loss of $96.68 million. In comparison, last year the company earned a revenue of $55.86 million and had a GAAP net loss of $60.09 million

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FLY in relation to earlier this year.

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