Jeffrey Thompson Sells 15,000 Shares of Unusual Machines (NYSEAMERICAN:UMAC) Stock

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) Director Jeffrey Thompson sold 15,000 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $26.96, for a total value of $404,400.00. Following the completion of the sale, the director directly owned 4,794,392 shares in the company, valued at approximately $129,256,808.32. This represents a 0.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Unusual Machines Stock Performance

Shares of UMAC opened at $22.85 on Thursday. Unusual Machines, Inc. has a 52 week low of $7.24 and a 52 week high of $34.36. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -54.40 and a beta of 14.62. The stock has a fifty day moving average of $17.41 and a 200-day moving average of $14.99.

Unusual Machines (NYSEAMERICAN:UMAC) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.15). Unusual Machines had a negative net margin of 32.71% and a negative return on equity of 11.83%. The firm had revenue of $8.10 million during the quarter, compared to the consensus estimate of $5.54 million. As a group, equities analysts forecast that Unusual Machines, Inc. will post -0.38 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on UMAC shares. Roth Mkm increased their price target on Unusual Machines to $40.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Needham & Company LLC increased their price target on Unusual Machines from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $27.33.

Institutional Trading of Unusual Machines

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlueCrest Capital Management Ltd acquired a new stake in Unusual Machines in the third quarter valued at $2,168,000. Tudor Investment Corp ET AL increased its holdings in Unusual Machines by 201.0% in the third quarter. Tudor Investment Corp ET AL now owns 1,207,460 shares of the company’s stock valued at $18,233,000 after purchasing an additional 806,359 shares during the period. FNY Investment Advisers LLC increased its holdings in Unusual Machines by 293.4% in the fourth quarter. FNY Investment Advisers LLC now owns 120,001 shares of the company’s stock valued at $1,528,000 after purchasing an additional 89,500 shares during the period. Moody National Bank Trust Division acquired a new stake in Unusual Machines in the fourth quarter valued at $549,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Unusual Machines in the fourth quarter valued at $1,776,000.

Unusual Machines Company Profile

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022. Unusual Machines, Inc was incorporated in 2019 and is based in Orlando, Florida.