Tudor Investment Corp ET AL Acquires Shares of 254,267 Safe Pro Group Inc. $SPAI

Tudor Investment Corp ET AL acquired a new stake in Safe Pro Group Inc. (NASDAQ:SPAI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 254,267 shares of the company’s stock, valued at approximately $1,785,000. Tudor Investment Corp ET AL owned approximately 1.21% of Safe Pro Group as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPAI. Cresset Asset Management LLC lifted its holdings in Safe Pro Group by 4.6% in the 2nd quarter. Cresset Asset Management LLC now owns 144,929 shares of the company’s stock valued at $399,000 after purchasing an additional 6,346 shares in the last quarter. Forefront Wealth Partners LLC purchased a new position in Safe Pro Group in the 3rd quarter valued at $214,000. Forefront Wealth Management Inc. purchased a new position in Safe Pro Group in the 3rd quarter valued at $214,000. Prospera Financial Services Inc purchased a new position in Safe Pro Group in the 3rd quarter valued at $82,000. Finally, Citadel Advisors LLC purchased a new position in Safe Pro Group in the 3rd quarter valued at $3,940,000.

Safe Pro Group Price Performance

Shares of NASDAQ:SPAI opened at $3.70 on Monday. The business has a 50-day moving average price of $4.39 and a 200 day moving average price of $5.15. The company has a current ratio of 14.33, a quick ratio of 13.84 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $77.29 million, a price-to-earnings ratio of -4.40 and a beta of 3.91. Safe Pro Group Inc. has a 12-month low of $1.96 and a 12-month high of $9.16.

Safe Pro Group (NASDAQ:SPAI) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). The business had revenue of $0.23 million for the quarter, compared to analyst estimates of $0.10 million. Safe Pro Group had a negative return on equity of 182.66% and a negative net margin of 2,359.64%.

Safe Pro Group announced that its Board of Directors has initiated a share repurchase program on Thursday, December 18th that allows the company to buyback $3.00 million in shares. This buyback authorization allows the company to purchase up to 4.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have weighed in on SPAI. Zacks Research lowered Safe Pro Group from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Safe Pro Group in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

About Safe Pro Group

Safe Pro Group, Inc engages in the provision and acquisition of security and protection products. Its products include Artificial Intelligence (AI) and Machine Learning (ML) software technology and photogrammetry analysis tools, bullet and blast resistant personal protection equipment, and aerial managed services and mission-critical uncrewed solutions. The firm operates through the following segments: Safe-PRO USA, Airborne Response, and Safe Pro AI. The company was founded by Daniyel Erdberg on December 15, 2021 and is headquartered in Aventura, FL.