Analysts Offer Predictions for Palladyne AI FY2028 Earnings

Palladyne AI Corp. (NASDAQ:PDYN) – Equities research analysts at Northland Securities issued their FY2028 earnings estimates for Palladyne AI in a research report issued on Monday, June 8th. Northland Securities analyst M. Latimore forecasts that the company will post earnings of ($0.35) per share for the year. The consensus estimate for Palladyne AI’s current full-year earnings is ($0.87) per share.

Several other research firms have also weighed in on PDYN. Wall Street Zen lowered shares of Palladyne AI from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Jefferies Financial Group reiterated a “hold” rating and set a $7.00 target price on shares of Palladyne AI in a research note on Wednesday, May 6th. Zacks Research upgraded shares of Palladyne AI to a “hold” rating in a research note on Wednesday, April 8th. Alliance Global Partners reiterated a “buy” rating on shares of Palladyne AI in a research note on Tuesday, May 5th. Finally, Lake Street Capital began coverage on shares of Palladyne AI in a research note on Friday, April 17th. They set a “buy” rating and a $11.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.00.

Palladyne AI Price Performance

PDYN stock opened at $7.17 on Tuesday. Palladyne AI has a 1-year low of $4.14 and a 1-year high of $13.00. The firm has a fifty day moving average price of $6.65 and a two-hundred day moving average price of $6.35. The firm has a market cap of $333.33 million, a price-to-earnings ratio of -11.75 and a beta of 3.59.

Palladyne AI (NASDAQ:PDYN) last released its earnings results on Tuesday, May 5th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.12). Palladyne AI had a negative net margin of 358.04% and a negative return on equity of 49.17%. The business had revenue of $3.54 million for the quarter, compared to the consensus estimate of $4.93 million.

Insider Transactions at Palladyne AI

In other news, CFO Trevor Thatcher sold 7,649 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $7.55, for a total transaction of $57,749.95. Following the completion of the transaction, the chief financial officer owned 183,288 shares in the company, valued at approximately $1,383,824.40. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Sonne sold 6,802 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $7.55, for a total transaction of $51,355.10. Following the transaction, the insider owned 206,206 shares of the company’s stock, valued at $1,556,855.30. This represents a 3.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 54,378 shares of company stock worth $372,509. Insiders own 13.40% of the company’s stock.

Hedge Funds Weigh In On Palladyne AI

Several institutional investors have recently modified their holdings of PDYN. Arkadios Wealth Advisors acquired a new stake in Palladyne AI in the first quarter worth about $375,000. Royal Bank of Canada lifted its holdings in Palladyne AI by 14.6% in the first quarter. Royal Bank of Canada now owns 90,825 shares of the company’s stock worth $551,000 after purchasing an additional 11,565 shares during the period. Themes Management Co LLC lifted its holdings in Palladyne AI by 561.7% in the first quarter. Themes Management Co LLC now owns 392,259 shares of the company’s stock worth $2,381,000 after purchasing an additional 332,982 shares during the period. Sei Investments Co. acquired a new stake in Palladyne AI in the first quarter worth about $89,000. Finally, Cetera Investment Advisers lifted its holdings in Palladyne AI by 25.6% in the first quarter. Cetera Investment Advisers now owns 13,769 shares of the company’s stock worth $84,000 after purchasing an additional 2,803 shares during the period. Institutional investors own 26.02% of the company’s stock.

About Palladyne AI

Palladyne AI Corp., a software company, focuses on delivering software that enhances the utility and functionality of third-party stationary and mobile robotic systems in the United States. Its Artificial Intelligence (AI)/ Machine Learning (ML) software platform enables robots to observe, learn, reason, and act in structured and unstructured environments. The company's software platform enables robotic systems to perceive their environment and quickly adapt to changing circumstances by generalizing from their experience using dynamic real-time operations without extensive programming and with minimal robot training.