47,402 Shares in Red Cat Holdings, Inc. $RCAT Purchased by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft bought a new stake in Red Cat Holdings, Inc. (NASDAQ:RCAT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 47,402 shares of the company’s stock, valued at approximately $491,000.

Other large investors have also bought and sold shares of the company. VestGen Advisors LLC raised its position in shares of Red Cat by 4.9% during the 2nd quarter. VestGen Advisors LLC now owns 23,625 shares of the company’s stock valued at $172,000 after acquiring an additional 1,097 shares during the last quarter. AlphaQuest LLC lifted its stake in Red Cat by 17.4% in the third quarter. AlphaQuest LLC now owns 10,839 shares of the company’s stock valued at $112,000 after buying an additional 1,608 shares during the period. Toth Financial Advisory Corp boosted its holdings in Red Cat by 7.2% during the third quarter. Toth Financial Advisory Corp now owns 29,800 shares of the company’s stock worth $308,000 after buying an additional 2,000 shares during the last quarter. Bank of America Corp DE grew its position in shares of Red Cat by 407.0% during the 4th quarter. Bank of America Corp DE now owns 3,397 shares of the company’s stock worth $44,000 after buying an additional 2,727 shares during the period. Finally, Western Wealth Management LLC grew its position in shares of Red Cat by 12.8% during the 2nd quarter. Western Wealth Management LLC now owns 26,500 shares of the company’s stock worth $193,000 after buying an additional 3,000 shares during the period. 37.97% of the stock is currently owned by institutional investors and hedge funds.

Red Cat Stock Down 6.3%

Shares of Red Cat stock opened at $11.25 on Friday. Red Cat Holdings, Inc. has a 12-month low of $4.58 and a 12-month high of $18.02. The business’s 50 day moving average is $11.21 and its 200-day moving average is $10.28. The stock has a market cap of $1.34 billion, a P/E ratio of -25.57 and a beta of 1.50.

Red Cat (NASDAQ:RCAT) last posted 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 business had revenue of $9.65 million for the quarter, compared to analysts’ expectations of $8.18 million. On average, sell-side analysts expect that Red Cat Holdings, Inc. will post -0.5 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on RCAT shares. Needham & Company LLC lifted their price objective on shares of Red Cat from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. LADENBURG THALM/SH SH raised shares of Red Cat to a “strong-buy” rating in a research report on Thursday, December 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Red Cat in a research report on Thursday, January 22nd. Finally, Northland Securities set a $22.00 target price on Red Cat in a report on Tuesday, January 20th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $19.00.

Red Cat Company Profile

Red Cat Holdings, Inc (NASDAQ: RCAT) is a technology holding company that develops and delivers advanced robotics, autonomy, and sensing solutions for defense, national security, public safety and commercial customers. Headquartered in American Fork, Utah, the company brings together a portfolio of specialized operating businesses focused on unmanned aerial systems (UAS), mission management software, precision mapping sensors and engineering services.

Through its UAS segment, Red Cat designs and manufactures small to medium-sized fixed-wing and vertical-takeoff drones that support intelligence, surveillance and reconnaissance (ISR) missions.