Nisa Investment Advisors LLC Has $449,000 Holdings in Red Cat Holdings, Inc. $RCAT

Nisa Investment Advisors LLC boosted its position in shares of Red Cat Holdings, Inc. (NASDAQ:RCAT) by 5,055.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,355 shares of the company’s stock after purchasing an additional 42,514 shares during the period. Nisa Investment Advisors LLC’s holdings in Red Cat were worth $449,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. AWM Investment Company Inc. boosted its position in shares of Red Cat by 15.3% during the second quarter. AWM Investment Company Inc. now owns 2,037,616 shares of the company’s stock worth $14,834,000 after buying an additional 269,942 shares during the period. Geode Capital Management LLC lifted its stake in Red Cat by 142.7% in the 2nd quarter. Geode Capital Management LLC now owns 1,656,720 shares of the company’s stock valued at $12,063,000 after acquiring an additional 974,121 shares in the last quarter. Captrust Financial Advisors boosted its position in Red Cat by 30.9% during the 2nd quarter. Captrust Financial Advisors now owns 820,279 shares of the company’s stock worth $5,972,000 after acquiring an additional 193,853 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Red Cat by 125.5% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 517,061 shares of the company’s stock worth $3,764,000 after acquiring an additional 287,802 shares in the last quarter. Finally, Moors & Cabot Inc. grew its stake in shares of Red Cat by 65.6% during the 2nd quarter. Moors & Cabot Inc. now owns 280,825 shares of the company’s stock worth $2,044,000 after acquiring an additional 111,225 shares in the last quarter. 37.97% of the stock is currently owned by institutional investors.

Red Cat Trading Down 2.6%

NASDAQ RCAT opened at $13.67 on Friday. The firm has a market capitalization of $1.63 billion, a P/E ratio of -31.07 and a beta of 1.48. The firm’s fifty day moving average price is $8.71 and its two-hundred day moving average price is $9.60. Red Cat Holdings, Inc. has a 1 year low of $4.58 and a 1 year high of $16.70.

Red Cat (NASDAQ:RCAT) last released 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 for the quarter, compared to the consensus estimate of $8.18 million. On average, research analysts anticipate that Red Cat Holdings, Inc. will post -0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RCAT has been the topic of a number of research reports. Wall Street Zen lowered shares of Red Cat from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. LADENBURG THALM/SH SH raised shares of Red Cat to a “strong-buy” rating in a research report on Thursday, December 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Red Cat in a research note on Wednesday, October 8th. Finally, Needham & Company LLC lifted their target price on Red Cat from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $16.00.

Red Cat Profile

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.