Q2 EPS Estimates for Red Cat Boosted by Northland Securities

Red Cat Holdings, Inc. (NASDAQ:RCAT) – Northland Securities increased their Q2 2026 EPS estimates for Red Cat in a research note issued on Thursday, July 2nd. Northland Securities analyst M. Latimore now forecasts that the company will post earnings per share of ($0.19) for the quarter, up from their prior estimate of ($0.21). The consensus estimate for Red Cat’s current full-year earnings is ($0.68) per share. Northland Securities also issued estimates for Red Cat’s Q3 2026 earnings at ($0.13) EPS, Q4 2026 earnings at ($0.12) EPS, FY2026 earnings at ($0.67) EPS, Q1 2027 earnings at ($0.16) EPS, Q2 2027 earnings at ($0.14) EPS, Q3 2027 earnings at ($0.09) EPS, Q4 2027 earnings at ($0.03) EPS and FY2027 earnings at ($0.42) EPS.

Several other research firms also recently weighed in on RCAT. Roth Mkm initiated coverage on Red Cat in a research report on Monday, June 1st. They set a “buy” rating and a $25.00 target price on the stock. HC Wainwright assumed coverage on shares of Red Cat in a research note on Wednesday, May 27th. They set a “buy” rating and a $20.00 price objective for the company. Wall Street Zen upgraded shares of Red Cat from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 27th. Clear Str raised shares of Red Cat to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, Needham & Company LLC raised their target price on shares of Red Cat from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $21.40.

Red Cat Price Performance

Shares of RCAT stock opened at $9.93 on Tuesday. The company has a market cap of $1.22 billion, a PE ratio of -14.02 and a beta of 1.29. Red Cat has a 1 year low of $5.77 and a 1 year high of $18.78. The stock’s 50 day simple moving average is $11.01 and its two-hundred day simple moving average is $12.14.

Red Cat (NASDAQ:RCAT) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.10). The business had revenue of $15.47 million for the quarter, compared to analysts’ expectations of $17.63 million. Red Cat had a negative net margin of 138.36% and a negative return on equity of 35.86%. The firm’s revenue for the quarter was up 849.1% compared to the same quarter last year.

Insider Buying and Selling at Red Cat

In other news, Director Paul Funk II sold 165,028 shares of Red Cat stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $11.50, for a total transaction of $1,897,822.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp bought a new stake in Red Cat during the 1st quarter valued at about $33,000. IFP Advisors Inc raised its holdings in shares of Red Cat by 181.1% in the third quarter. IFP Advisors Inc now owns 2,670 shares of the company’s stock valued at $28,000 after acquiring an additional 1,720 shares in the last quarter. NFSG Corp increased its position in Red Cat by 200.0% during the 1st quarter. NFSG Corp now owns 3,000 shares of the company’s stock valued at $39,000 after purchasing an additional 2,000 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Red Cat by 294.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,042 shares of the company’s stock worth $40,000 after purchasing an additional 2,271 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Red Cat by 407.0% during the fourth quarter. Bank of America Corp DE now owns 3,397 shares of the company’s stock valued at $44,000 after purchasing an additional 2,727 shares in the last quarter. Hedge funds and other institutional investors own 37.97% of the company’s stock.

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.