Red Cat Holdings, Inc. (NASDAQ:RCAT) Receives $14.00 Average PT from Analysts

Red Cat Holdings, Inc. (NASDAQ:RCAT) has been assigned an average rating of “Buy” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $14.00.

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

Red Cat Price Performance

Red Cat stock opened at $7.28 on Friday. Red Cat has a one year low of $4.58 and a one year high of $16.70. The company’s fifty day moving average price is $10.55 and its two-hundred day moving average price is $9.11. The company has a market capitalization of $869.02 million, a price-to-earnings ratio of -16.55 and a beta of 1.45.

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

Insider Activity

In related news, Director Christopher R. Moe sold 10,000 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $10.91, for a total transaction of $109,100.00. Following the completion of the transaction, the director directly owned 53,073 shares in the company, valued at $579,026.43. This represents a 15.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 60,000 shares of company stock valued at $611,000 in the last 90 days. Company insiders own 15.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC lifted its stake in shares of Red Cat by 22.2% in the third quarter. CIBC Private Wealth Group LLC now owns 22,000 shares of the company’s stock valued at $228,000 after buying an additional 4,000 shares during the period. CIBC Bancorp USA Inc. bought a new stake in shares of Red Cat in the 3rd quarter worth approximately $322,000. Captrust Financial Advisors lifted its position in shares of Red Cat by 22.6% in the 3rd quarter. Captrust Financial Advisors now owns 1,005,488 shares of the company’s stock worth $10,407,000 after acquiring an additional 185,209 shares during the period. Advisory Services Network LLC grew its holdings in shares of Red Cat by 5.3% during the 3rd quarter. Advisory Services Network LLC now owns 30,200 shares of the company’s stock worth $313,000 after purchasing an additional 1,507 shares in the last quarter. Finally, Wexford Capital LP bought a new stake in shares of Red Cat during the third quarter valued at approximately $2,109,000. Institutional investors and hedge funds own 37.97% of the company’s stock.

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.