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

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

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

Red Cat Stock Performance

Shares of RCAT stock opened at $6.36 on Friday. Red Cat has a 1 year low of $4.58 and a 1 year high of $16.70. The business’s fifty day moving average is $10.69 and its 200-day moving average is $9.07. The stock has a market cap of $759.20 million, a PE ratio of -14.45 and a beta of 1.45.

Red Cat (NASDAQ:RCAT) last announced 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 during the quarter, compared to analyst estimates of $8.18 million. Red Cat has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts predict that Red Cat will post -0.5 earnings per share for the current year.

Insiders Place Their Bets

In other Red Cat news, Director Christopher R. Moe sold 30,000 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $10.11, for a total transaction of $303,300.00. Following the sale, the director owned 73,073 shares in the company, valued at approximately $738,768.03. The trade was a 29.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 60,000 shares of company stock valued at $611,000. Company insiders own 15.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Brevan Howard Capital Management LP acquired a new stake in shares of Red Cat during the third quarter valued at approximately $19,739,000. Vanguard Group Inc. grew its position in Red Cat by 43.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,506,377 shares of the company’s stock worth $56,991,000 after purchasing an additional 1,680,929 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new stake in Red Cat during the 3rd quarter valued at $17,286,000. Geode Capital Management LLC raised its stake in Red Cat by 142.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,656,720 shares of the company’s stock valued at $12,063,000 after purchasing an additional 974,121 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Red Cat by 125.5% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 517,061 shares of the company’s stock valued at $3,764,000 after purchasing an additional 287,802 shares in the last quarter. 37.97% of the stock is owned by hedge funds and other institutional investors.

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.