Northland Securities Raises Earnings Estimates for Red Cat

Red Cat Holdings, Inc. (NASDAQ:RCAT) – Equities researchers at Northland Securities lifted their Q3 2026 earnings per share (EPS) estimates for shares of Red Cat in a report issued on Thursday, March 19th. Northland Securities analyst M. Latimore now expects that the company will earn ($0.09) per share for the quarter, up from their prior forecast of ($0.10). The consensus estimate for Red Cat’s current full-year earnings is ($0.50) per share. Northland Securities also issued estimates for Red Cat’s Q4 2026 earnings at ($0.05) EPS and FY2026 earnings at ($0.41) EPS.

Other equities research analysts also recently issued research reports about the stock. LADENBURG THALM/SH SH boosted their target price on shares of Red Cat from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Wall Street Zen raised shares of Red Cat from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Red Cat in a research note on Thursday, January 22nd. Finally, Needham & Company LLC upped their price objective on Red Cat from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.67.

Red Cat Price Performance

NASDAQ RCAT opened at $15.15 on Monday. Red Cat has a 12 month low of $4.60 and a 12 month high of $18.78. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of -20.20 and a beta of 1.53. The company’s fifty day moving average price is $13.96 and its two-hundred day moving average price is $11.24.

Red Cat (NASDAQ:RCAT) last released its quarterly earnings results on Wednesday, March 18th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). The company had revenue of $26.24 million for the quarter, compared to analyst estimates of $24.50 million. Red Cat had a negative return on equity of 38.86% and a negative net margin of 176.96%.

Institutional Investors Weigh In On Red Cat

Several large investors have recently added to or reduced their stakes in RCAT. IFP Advisors Inc boosted its holdings in shares of Red Cat by 181.1% during the third quarter. IFP Advisors Inc now owns 2,670 shares of the company’s stock valued at $28,000 after acquiring an additional 1,720 shares during the period. Montag A & Associates Inc. increased its holdings in shares of Red Cat by 552.0% in the 3rd quarter. Montag A & Associates Inc. now owns 3,260 shares of the company’s stock worth $34,000 after acquiring an additional 2,760 shares during the period. California State Teachers Retirement System bought a new stake in Red Cat in the 2nd quarter valued at about $34,000. Global Retirement Partners LLC acquired a new position in Red Cat during the 3rd quarter valued at about $36,000. Finally, N.E.W. Advisory Services LLC boosted its stake in Red Cat by 163.5% during the 4th quarter. N.E.W. Advisory Services LLC now owns 5,356 shares of the company’s stock valued at $42,000 after purchasing an additional 3,323 shares during the period. 37.97% of the stock is owned by institutional investors and hedge funds.

Red Cat Company 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.