Red Cat Holdings, Inc. (NASDAQ:RCAT) Given Consensus Rating of “Buy” by Analysts

Red Cat Holdings, Inc. (NASDAQ:RCAT) has been assigned a consensus recommendation of “Buy” from the five analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $14.00.

A number of research analysts recently weighed in on RCAT shares. Needham & Company LLC lowered their target price on shares of Red Cat from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. LADENBURG THALM/SH SH raised Red Cat to a “strong-buy” rating in a report on Thursday, October 2nd. Northland Securities set a $16.00 price objective on Red Cat in a research report on Friday, August 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Red Cat in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Red Cat from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th.

Insider Buying and Selling

In other news, Director Christopher R. Moe sold 30,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $10.11, for a total transaction of $303,300.00. Following the completion of the transaction, the director directly owned 73,073 shares in the company, valued at approximately $738,768.03. This represents a 29.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 60,000 shares of company stock worth $611,000 over the last three months. 15.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Red Cat

Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in shares of Red Cat by 407.0% in the 4th quarter. Bank of America Corp DE now owns 3,397 shares of the company’s stock valued at $44,000 after purchasing an additional 2,727 shares during the last quarter. XTX Topco Ltd purchased a new stake in Red Cat during the 1st quarter valued at $229,000. Baader Bank Aktiengesellschaft bought a new stake in Red Cat in the first quarter worth $89,000. Moors & Cabot Inc. boosted its stake in Red Cat by 293.0% during the first quarter. Moors & Cabot Inc. now owns 169,600 shares of the company’s stock worth $997,000 after buying an additional 126,450 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Red Cat by 4.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 120,297 shares of the company’s stock valued at $707,000 after acquiring an additional 4,587 shares during the last quarter. 37.97% of the stock is owned by institutional investors.

Red Cat Trading Up 0.7%

Shares of RCAT opened at $7.33 on Friday. The firm has a market cap of $874.98 million, a PE ratio of -16.66 and a beta of 1.45. Red Cat has a 1-year low of $4.58 and a 1-year high of $16.70. The firm has a fifty day simple moving average of $10.42 and a two-hundred day simple moving average of $9.09.

Red Cat (NASDAQ:RCAT) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The firm had revenue of $9.65 million for the quarter, compared to analysts’ expectations of $8.18 million. Red Cat has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts forecast that Red Cat will post -0.5 EPS for the current fiscal year.

Red Cat Company Profile

Red Cat Holdings, Inc engages in the provision of various products, services, and solutions to the drone industry. The company operates through two segments: Enterprise and Consumer. It built infrastructure to manages drone fleets and fly, and provide services remotely, navigate confined industrial interior spaces and dangerous military environment.