Unusual Machines (NYSEAMERICAN:UMAC) CFO Brian Joseph Hoff Sells 11,413 Shares

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) CFO Brian Joseph Hoff sold 11,413 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $26.01, for a total value of $296,852.13. Following the sale, the chief financial officer owned 341,237 shares in the company, valued at $8,875,574.37. The trade was a 3.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brian Joseph Hoff also recently made the following trade(s):

• On Wednesday, May 27th, Brian Joseph Hoff sold 150,000 shares of Unusual Machines stock. The shares were sold at an average price of $17.71, for a total value of $2,656,500.00.

Unusual Machines Trading Up 5.6%

NYSEAMERICAN:UMAC traded up $1.45 on Friday, hitting $27.43. The company’s stock had a trading volume of 4,109,912 shares, compared to its average volume of 5,025,907. Unusual Machines, Inc. has a one year low of $7.24 and a one year high of $34.93. The firm has a market capitalization of $1.37 billion, a P/E ratio of -105.50 and a beta of 14.92. The stock has a fifty day moving average of $22.56 and a two-hundred day moving average of $18.55.

Unusual Machines (NYSEAMERICAN:UMAC) last posted its earnings results on Thursday, August 6th. The company reported ($0.16) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.16). Unusual Machines had a negative return on equity of 7.62% and a negative net margin of 20.29%.The business had revenue of $16.72 million for the quarter, compared to analyst estimates of $9.20 million. As a group, sell-side analysts anticipate that Unusual Machines, Inc. will post -0.67 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Needham & Company LLC increased their price objective on shares of Unusual Machines from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. ThinkEquity reaffirmed a “buy” rating on shares of Unusual Machines in a report on Monday. Roth Capital upped their price target on shares of Unusual Machines to $40.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. National Bank Financial set a $42.00 price target on shares of Unusual Machines in a report on Wednesday, July 15th. Finally, HC Wainwright assumed coverage on shares of Unusual Machines in a research report on Wednesday, July 15th. They set a “buy” rating and a $42.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $37.00.

Institutional Trading of Unusual Machines

Several large investors have recently modified their holdings of UMAC. Wexford Capital LP bought a new position in shares of Unusual Machines in the third quarter worth $40,000. NFSG Corp bought a new stake in Unusual Machines during the first quarter worth about $37,000. Ankerstar Wealth LLC acquired a new stake in Unusual Machines during the fourth quarter worth about $64,000. Rockefeller Capital Management L.P. increased its holdings in Unusual Machines by 54.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 6,169 shares of the company’s stock valued at $79,000 after buying an additional 2,169 shares during the period. Finally, Leonteq Securities AG bought a new position in Unusual Machines in the 1st quarter valued at about $80,000.

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.