NTV Asset Management LLC Makes New Investment in Unusual Machines, Inc. $UMAC

NTV Asset Management LLC acquired a new position in Unusual Machines, Inc. (NYSEAMERICAN:UMAC) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,010 shares of the company’s stock, valued at approximately $86,000.

Other hedge funds also recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Unusual Machines in the 1st quarter worth approximately $27,000. SBI Securities Co. Ltd. raised its holdings in shares of Unusual Machines by 31.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 10,951 shares of the company’s stock worth $70,000 after buying an additional 2,591 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Unusual Machines in the 1st quarter worth approximately $80,000. Finally, Covestor Ltd acquired a new position in shares of Unusual Machines in the 1st quarter worth approximately $85,000.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Zacks Research cut Unusual Machines from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 20th. Needham & Company LLC increased their target price on Unusual Machines from $15.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.33.

Unusual Machines Trading Up 9.4%

Shares of UMAC opened at $16.38 on Friday. The stock has a 50 day simple moving average of $10.98 and a 200-day simple moving average of $8.44. Unusual Machines, Inc. has a 1 year low of $1.28 and a 1 year high of $23.62. The stock has a market cap of $498.77 million, a PE ratio of -4.05 and a beta of 22.45.

Unusual Machines Profile

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022.