Northland Securities Predicts Spectral AI Q3 Earnings

Spectral AI, Inc. (NASDAQ:MDAI) – Research analysts at Northland Securities lowered their Q3 2026 earnings per share estimates for shares of Spectral AI in a research report issued to clients and investors on Wednesday, August 12th. Northland Securities analyst L. Horton now expects that the company will post earnings per share of ($0.12) for the quarter, down from their prior estimate of ($0.11). Northland Securities has a “Strong-Buy” rating on the stock. The consensus estimate for Spectral AI’s current full-year earnings is ($0.50) per share. Northland Securities also issued estimates for Spectral AI’s FY2026 earnings at ($0.48) EPS and FY2027 earnings at ($0.44) EPS.

MDAI has been the subject of a number of other research reports. BTIG Research upped their price objective on shares of Spectral AI from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings upgraded shares of Spectral AI from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $4.00.

Spectral AI Price Performance

NASDAQ:MDAI opened at $1.73 on Friday. The firm’s fifty day moving average price is $1.71 and its 200 day moving average price is $1.75. Spectral AI has a 1-year low of $1.18 and a 1-year high of $2.97. The firm has a market cap of $55.05 million, a price-to-earnings ratio of -4.94 and a beta of 1.18.

Spectral AI (NASDAQ:MDAI) last released its earnings results on Tuesday, August 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. The company had revenue of $3.52 million during the quarter, compared to analyst estimates of $4.17 million.

Institutional Investors Weigh In On Spectral AI

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Spectral AI by 21.8% during the second quarter. Geode Capital Management LLC now owns 152,958 shares of the company’s stock worth $379,000 after acquiring an additional 27,365 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Spectral AI in the 2nd quarter worth approximately $123,000. Marshall Wace LLP bought a new stake in Spectral AI in the second quarter valued at $104,000. Jane Street Group LLC acquired a new position in Spectral AI during the 2nd quarter valued at about $74,000. Finally, Bridgeway Capital Management LLC boosted its position in shares of Spectral AI by 14.4% during the third quarter. Bridgeway Capital Management LLC now owns 199,000 shares of the company’s stock worth $454,000 after buying an additional 25,000 shares during the period. 67.08% of the stock is owned by institutional investors and hedge funds.

About Spectral AI

Spectral AI, Inc (NASDAQ: MDAI) is a technology company focused on delivering advanced analytics and insights through the application of machine learning to multi-spectral and hyperspectral data. Its core platform ingests imagery from satellites, aerial drones and ground-based sensors, applying proprietary algorithms to identify patterns and anomalies invisible to the naked eye. The company’s solutions are designed to help clients make more informed decisions in areas such as agriculture, environmental monitoring, infrastructure inspection and resource exploration.

The company offers a cloud-native software-as-a-service (SaaS) platform that enables users to visualize and analyze large volumes of spectral data via customizable dashboards.