Firefly Aerospace (NASDAQ:FLY) Shares Down 10.3% – Here’s What Happened

15 May 2026, 14:28 by Teresa Graham · The Cerbat Gem

Firefly Aerospace, Inc. (NASDAQ:FLY – Get Free Report)’s share price was down 10.3% during trading on Friday . The company traded as low as $37.65 and last traded at $38.02. Approximately 4,487,019 shares traded hands during trading, a decline of 11% from the average daily volume of 5,062,564 shares. The stock had previously closed at $42.38.

Analysts Set New Price Targets

Several brokerages have commented on FLY. Weiss Ratings cut shares of Firefly Aerospace from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. Morgan Stanley lifted their price objective on shares of Firefly Aerospace from $33.00 to $37.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $35.00 price target on shares of Firefly Aerospace in a research report on Tuesday, May 5th. B. Riley Financial started coverage on Firefly Aerospace in a report on Wednesday, May 6th. They issued a “buy” rating and a $60.00 price target for the company. Finally, Jefferies Financial Group boosted their price target on Firefly Aerospace from $40.00 to $45.00 and gave the company a “buy” rating in a report on Monday, April 13th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Firefly Aerospace presently has an average rating of “Hold” and a consensus price target of $40.56.

Check Out Our Latest Stock Analysis on FLY

Firefly Aerospace Trading Down 6.3%

The firm has a market capitalization of $6.36 billion and a PE ratio of -4.90. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average price of $31.58 and a two-hundred day moving average price of $26.01.

Firefly Aerospace (NASDAQ:FLY – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported ($0.46) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.04. The business had revenue of $80.88 million during the quarter. Firefly Aerospace had a negative return on equity of 40.96% and a negative net margin of 181.16%.The business’s revenue for the quarter was up 44.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($5.09) earnings per share. Analysts expect that Firefly Aerospace, Inc. will post -1.81 EPS for the current fiscal year.

Insider Transactions at Firefly Aerospace

In related news, General Counsel David Leigh Wheeler sold 3,766 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $45.04, for a total transaction of $169,620.64. Following the transaction, the general counsel owned 142,758 shares of the company’s stock, valued at approximately $6,429,820.32. This represents a 2.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.50% of the company’s stock.

Institutional Investors Weigh In On Firefly Aerospace

A number of hedge funds have recently bought and sold shares of FLY. BNP Paribas Financial Markets acquired a new stake in Firefly Aerospace in the 3rd quarter valued at about $26,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Firefly Aerospace during the 3rd quarter worth about $26,000. California State Teachers Retirement System acquired a new stake in shares of Firefly Aerospace during the 4th quarter worth about $30,000. NBC Securities Inc. acquired a new stake in shares of Firefly Aerospace during the 4th quarter worth about $38,000. Finally, KBC Group NV acquired a new stake in shares of Firefly Aerospace during the 1st quarter worth about $38,000.

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.