Q4 EPS Estimates for Red Cat Reduced by Northland Securities

Red Cat Holdings, Inc. (NASDAQ:RCAT) – Northland Securities reduced their Q4 2027 EPS estimates for Red Cat in a research note issued on Sunday, March 1st. Northland Securities analyst M. Latimore now forecasts that the company will post earnings per share of $0.06 for the quarter, down from their prior estimate of $0.07. The consensus estimate for Red Cat’s current full-year earnings is ($0.50) per share.

Other analysts have also recently issued reports about the stock. LADENBURG THALM/SH SH upped their target price on shares of Red Cat from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Red Cat in a research note on Thursday, January 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Red Cat in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $19.33.

Red Cat Stock Up 0.2%

RCAT stock opened at $14.73 on Wednesday. Red Cat has a 52 week low of $4.58 and a 52 week high of $18.02. The firm has a market capitalization of $1.76 billion, a P/E ratio of -33.48 and a beta of 1.53. The company has a fifty day simple moving average of $12.47 and a two-hundred day simple moving average of $10.65.

Institutional Trading of Red Cat

A number of large investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised its position in shares of Red Cat by 1,825.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 54,152 shares of the company’s stock valued at $429,000 after purchasing an additional 51,339 shares during the last quarter. Virtu Financial LLC acquired a new position in Red Cat during the 4th quarter valued at approximately $196,000. Invesco Ltd. increased its stake in Red Cat by 36.3% during the 4th quarter. Invesco Ltd. now owns 237,038 shares of the company’s stock valued at $1,880,000 after purchasing an additional 63,098 shares in the last quarter. Vident Advisory LLC purchased a new position in shares of Red Cat in the fourth quarter worth $1,009,000. Finally, Janus Henderson Group PLC lifted its stake in shares of Red Cat by 29.5% during the fourth quarter. Janus Henderson Group PLC now owns 47,115 shares of the company’s stock worth $374,000 after buying an additional 10,723 shares during the period. 37.97% of the stock is owned by hedge funds and other institutional investors.

About Red Cat

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.