Unusual Machines (NYSEAMERICAN:UMAC) Given New $22.00 Price Target at Needham & Company LLC

Unusual Machines (NYSEAMERICAN:UMAC) had its price target lowered by Needham & Company LLC from $40.00 to $22.00 in a research report report published on Friday, MarketBeat.com reports. The firm currently has a buy rating on the stock.

A number of other research firms have also weighed in on UMAC. National Bank Financial set a $42.00 target price on Unusual Machines in a report on Wednesday, July 15th. Piper Sandler cut their price target on Unusual Machines from $38.00 to $29.00 and set an “overweight” rating on the stock in a report on Friday, October 23rd. ThinkEquity reiterated a “buy” rating on shares of Unusual Machines in a report on Monday, August 17th. HC Wainwright assumed coverage on Unusual Machines in a research report on Wednesday, July 15th. They issued a “buy” rating and a $42.00 price target for the company. Finally, Northland Securities initiated coverage on Unusual Machines in a research note on Friday, October 23rd. They set an “outperform” rating and a $30.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $32.14.

Unusual Machines Price Performance

Shares of NYSEAMERICAN:UMAC traded up $1.16 during trading hours on Friday, hitting $11.90. The company’s stock had a trading volume of 4,603,838 shares, compared to its average volume of 2,607,622. Unusual Machines has a 52 week low of $7.24 and a 52 week high of $34.93. The company has a market capitalization of $594.52 million, a price-to-earnings ratio of -14.69 and a beta of 15.02. The firm’s fifty day moving average price is $20.44 and its 200 day moving average price is $19.11.

Unusual Machines (NYSEAMERICAN:UMAC) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.16) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.16). The firm had revenue of $16.72 million for the quarter, compared to the consensus estimate of $9.20 million. Unusual Machines had a negative net margin of 20.29% and a negative return on equity of 7.62%. On average, equities research analysts predict that Unusual Machines will post -0.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Unusual Machines news, President Andrew Ross Camden sold 9,625 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $26.01, for a total value of $250,346.25. Following the completion of the sale, the president directly owned 237,125 shares in the company, valued at $6,167,621.25. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Joseph Hoff sold 11,413 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $26.01, for a total transaction of $296,852.13. Following the completion of the sale, the chief financial officer owned 341,237 shares of the company’s stock, valued at approximately $8,875,574.37. This trade represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 48,538 shares of company stock worth $1,262,198 in the last 90 days. 4.87% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Unusual Machines

Large investors have recently made changes to their positions in the business. NFSG Corp acquired a new stake in shares of Unusual Machines in the 1st quarter worth $37,000. Sterling Capital Management LLC raised its stake in Unusual Machines by 845.0% in the third quarter. Sterling Capital Management LLC now owns 1,512 shares of the company’s stock valued at $37,000 after buying an additional 1,352 shares during the last quarter. IFP Advisors Inc boosted its holdings in Unusual Machines by 281.4% in the second quarter. IFP Advisors Inc now owns 2,033 shares of the company’s stock worth $45,000 after acquiring an additional 1,500 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Unusual Machines in the second quarter worth about $52,000. Finally, Canton Hathaway LLC acquired a new stake in Unusual Machines in the third quarter worth about $73,000.

Key Stories Impacting Unusual Machines

Here are the key news stories impacting Unusual Machines this week:

• Positive Sentiment: Third-quarter revenue rose 551% year over year to $13.9 million, beating estimates, while the $0.02-per-share loss was narrower than analysts expected. Zacks earnings report
• Positive Sentiment: Management is targeting $25 million in fourth-quarter revenue and plans to expand manufacturing capacity by 100,000 square feet. The company also said defense contracts have filled production capacity through the first quarter of 2027, signaling strong near-term demand. Revenue and manufacturing outlook
• Neutral Sentiment: Needham lowered its price target from $40 to $22 but maintained a Buy rating. The reduction may weigh on sentiment, though the analyst remains positive on the shares. Needham analyst rating
• Negative Sentiment: UMAC remains unprofitable, reporting a quarterly loss despite beating expectations. Investors may look for evidence that rapid growth and added capacity can translate into improved profitability. Third-quarter shareholder letter

Unusual Machines Company Profile

Unusual Machines, Inc develops, manufactures and sells unmanned aircraft systems and components, with a focus on first-person-view (FPV) drones. Its product offerings include complete drones, motors, propellers, frames, flight controllers and other replacement parts used by recreational pilots, commercial operators and drone builders.

The company also markets FPV-related electronics and accessories, including video equipment and goggles. Its portfolio has included the Rotor Riot and Fat Shark brands, which are associated with FPV drones, pilot content and immersive flight products.