Firefly Aerospace, Inc. (FLY) Gets a Hold from Morgan Stanley

Morgan Stanley analyst Kristine Liwag maintained a Hold rating on Firefly Aerospace, Inc. today and set a price target of $37.00.

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According to TipRanks, Liwag is a 5-star analyst with an average return of 14.1% and a 62.94% success rate. Liwag covers the Industrials sector, focusing on stocks such as Transdigm Group, RBC Bearings, and VSE.

In addition to Morgan Stanley, Firefly Aerospace, Inc. also received a Hold from Goldman Sachs’s Noah Poponak in a report issued on August 11. However, yesterday, Jefferies assigned a Buy rating to Firefly Aerospace, Inc. (NASDAQ: FLY).

Based on Firefly Aerospace, Inc.’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $117.68 million and a GAAP net loss of $92.32 million. In comparison, last year the company earned a revenue of $15.55 million and had a GAAP net loss of $63.78 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.