Unusual Machines, Inc. $UMAC Shares Bought by UBS Group AG

UBS Group AG increased its stake in Unusual Machines, Inc. (NYSEAMERICAN:UMAC) by 410.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,329 shares of the company’s stock after purchasing an additional 161,048 shares during the period. UBS Group AG owned 0.54% of Unusual Machines worth $2,552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its stake in Unusual Machines by 67.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,017 shares of the company’s stock worth $46,000 after purchasing an additional 1,218 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Unusual Machines in the 3rd quarter worth approximately $38,000. Wexford Capital LP acquired a new stake in Unusual Machines during the 3rd quarter valued at approximately $40,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Unusual Machines by 133.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 7,000 shares of the company’s stock valued at $106,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Unusual Machines by 7,372.6% in the second quarter. Bank of America Corp DE now owns 7,099 shares of the company’s stock worth $61,000 after acquiring an additional 7,004 shares during the period.

Unusual Machines Price Performance

UMAC opened at $17.28 on Wednesday. The firm has a market capitalization of $825.81 million, a price-to-earnings ratio of -41.14 and a beta of 14.32. The company’s 50 day simple moving average is $14.85 and its two-hundred day simple moving average is $13.61. Unusual Machines, Inc. has a 1-year low of $4.81 and a 1-year high of $23.38.

Unusual Machines (NYSEAMERICAN:UMAC) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.15). Unusual Machines had a negative net margin of 32.71% and a negative return on equity of 11.83%. The company had revenue of $8.10 million during the quarter, compared to analysts’ expectations of $5.54 million. On average, equities analysts anticipate that Unusual Machines, Inc. will post -0.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on UMAC shares. Needham & Company LLC raised their target price on shares of Unusual Machines from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Roth Mkm initiated coverage on shares of Unusual Machines in a report on Wednesday, May 13th. They set a “buy” rating and a $25.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $22.33.

Insider Buying and Selling at Unusual Machines

In other Unusual Machines news, CRO Stacy Rochelle Wright sold 13,750 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $18.57, for a total value of $255,337.50. Following the completion of the sale, the executive directly owned 96,250 shares of the company’s stock, valued at $1,787,362.50. This trade represents a 12.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Andrew Ross Camden sold 9,625 shares of Unusual Machines stock in a transaction on Monday, March 16th. The stock was sold at an average price of $18.57, for a total value of $178,736.25. Following the transaction, the president owned 356,375 shares in the company, valued at approximately $6,617,883.75. This represents a 2.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 35,768 shares of company stock worth $666,037 in the last three months. 7.50% of the stock is owned by corporate insiders.

Unusual Machines Company Profile

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022. Unusual Machines, Inc was incorporated in 2019 and is based in Orlando, Florida.