Safe Pro Group (NASDAQ:SPAI) Upgraded to Hold at Zacks Research

Safe Pro Group (NASDAQ:SPAI) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Safe Pro Group in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Safe Pro Group currently has an average rating of “Moderate Buy” and an average price target of $10.00.

Safe Pro Group Stock Down 4.2%

Safe Pro Group stock opened at $5.96 on Monday. Safe Pro Group has a twelve month low of $2.39 and a twelve month high of $9.16. The firm has a 50 day moving average price of $4.30 and a 200-day moving average price of $4.60. The company has a market capitalization of $124.50 million, a P/E ratio of -8.39 and a beta of 3.28. The company has a quick ratio of 12.88, a current ratio of 13.27 and a debt-to-equity ratio of 0.01.

Safe Pro Group (NASDAQ:SPAI) last released its earnings results on Friday, May 15th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. The firm had revenue of $1.22 million during the quarter, compared to the consensus estimate of $1.01 million. Safe Pro Group had a negative net margin of 800.91% and a negative return on equity of 119.17%. As a group, equities analysts predict that Safe Pro Group will post -0.5 EPS for the current year.

Institutional Trading of Safe Pro Group

Institutional investors have recently modified their holdings of the business. Tudor Investment Corp ET AL purchased a new stake in shares of Safe Pro Group during the 3rd quarter valued at approximately $1,785,000. Cresset Asset Management LLC lifted its stake in shares of Safe Pro Group by 95.6% during the 3rd quarter. Cresset Asset Management LLC now owns 283,485 shares of the company’s stock valued at $1,990,000 after buying an additional 138,556 shares in the last quarter. Forefront Wealth Management Inc. lifted its stake in shares of Safe Pro Group by 122.6% during the 4th quarter. Forefront Wealth Management Inc. now owns 67,900 shares of the company’s stock valued at $282,000 after buying an additional 37,400 shares in the last quarter. Prospera Financial Services Inc purchased a new stake in shares of Safe Pro Group during the 3rd quarter valued at approximately $82,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of Safe Pro Group during the 3rd quarter valued at approximately $393,000.

Safe Pro Group Company Profile

Safe Pro Group, Inc engages in the provision and acquisition of security and protection products. Its products include Artificial Intelligence (AI) and Machine Learning (ML) software technology and photogrammetry analysis tools, bullet and blast resistant personal protection equipment, and aerial managed services and mission-critical uncrewed solutions. The firm operates through the following segments: Safe-PRO USA, Airborne Response, and Safe Pro AI. The company was founded by Daniyel Erdberg on December 15, 2021 and is headquartered in Aventura, FL.