Unusual Machines, Inc. $UMAC Shares Acquired by UBS Group AG

UBS Group AG lifted its position in shares of Unusual Machines, Inc. (NYSEAMERICAN:UMAC) by 410.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,329 shares of the company’s stock after buying an additional 161,048 shares during the period. UBS Group AG’s holdings in Unusual Machines were worth $2,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in Unusual Machines in the fourth quarter valued at approximately $127,000. U.S. Capital Wealth Advisors LLC acquired a new position in Unusual Machines in the fourth quarter valued at approximately $130,000. Harbor Capital Advisors Inc. acquired a new position in Unusual Machines in the fourth quarter valued at approximately $578,000. FNY Investment Advisers LLC lifted 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 acquiring an additional 89,500 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new position in Unusual Machines in the fourth quarter valued at approximately $261,000.

Analysts Set New Price Targets

A number of research firms recently commented on UMAC. Roth Mkm began coverage on Unusual Machines in a report on Wednesday, May 13th. They issued a “buy” rating and a $25.00 price objective on the stock. Needham & Company LLC lifted their price target on shares of Unusual Machines from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $22.33.

Unusual Machines Trading Up 3.0%

Shares of NYSEAMERICAN UMAC opened at $17.28 on Wednesday. The stock has a market capitalization of $825.81 million, a PE ratio of -41.14 and a beta of 14.32. Unusual Machines, Inc. has a twelve month low of $4.81 and a twelve month high of $23.38. The stock has a fifty day simple moving average of $14.85 and a 200-day simple moving average of $13.61.

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

Insider Transactions at Unusual Machines

In other news, CFO Brian Joseph Hoff sold 11,413 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $18.59, for a total value of $212,167.67. Following the completion of the transaction, the chief financial officer owned 514,062 shares of the company’s stock, valued at approximately $9,556,412.58. This trade represents a 2.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Stacy Rochelle Wright sold 13,750 shares of Unusual Machines stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $18.57, for a total transaction of $255,337.50. Following the completion of the transaction, the executive owned 96,250 shares of the company’s stock, valued at $1,787,362.50. This trade represents a 12.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 35,768 shares of company stock valued at $666,037. 7.50% of the stock is currently owned by corporate insiders.

About Unusual Machines

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.