Safe Pro Group Inc. (NASDAQ:SPAI) has received an average rating of “Buy” from analysts, with a consensus price target of $10.00. This assessment comes from five analysts monitoring the company, according to data from MarketBeat Ratings. Among these analysts, one issued a sell rating, while two assigned buy ratings and another two designated the stock as a strong buy.
Analysts have been actively evaluating Safe Pro Group, with several reports influencing the stock’s outlook. On November 22, Wall Street Zen downgraded the company from a “hold” rating to a “sell” rating. Conversely, Northland Securities initiated coverage on September 9, setting a target price of $13.00 with an “outperform” rating. Lake Street Capital also began coverage on November 18, issuing a buy rating and a target price of $9.00. Notably, Weiss Ratings reaffirmed a “sell (D-)” rating on October 8.
Recent Earnings Results and Institutional Investments
On November 14, Safe Pro Group reported its latest earnings, revealing an earnings per share (EPS) of ($0.29) for the quarter. This figure fell short of analysts’ expectations, who had anticipated an EPS of ($0.11). The company’s financial performance indicated a negative net margin of 968.74% and a return on equity of (280.18%). Revenue for the quarter was recorded at $0.10 million, aligning with analyst estimates.
In terms of institutional investments, several firms have recently adjusted their positions in Safe Pro Group. Cresset Asset Management LLC increased its stake by 15.2% during the first quarter, acquiring an additional 18,333 shares to reach a total of 138,583 shares valued at $301,000. Forefront Wealth Partners LLC and Forefront Wealth Management Inc. both acquired new stakes in the company during the third quarter, each valued at approximately $214,000. Prospera Financial Services Inc. and Citadel Advisors LLC also made significant investments, with Citadel Advisors acquiring a position valued at $3,940,000.
About Safe Pro Group
Safe Pro Group, Inc. specializes in the provision and acquisition of security and protection products. Its offerings include advanced Artificial Intelligence (AI) and Machine Learning (ML) software, photogrammetry analysis tools, and personal protection equipment designed to withstand bullets and blasts. The company also provides aerial managed services and mission-critical uncrewed solutions, further diversifying its portfolio.
As the market continues to react to these developments, analysts and investors alike will be keeping a close eye on Safe Pro Group’s financial performance and strategic positioning within the security industry.
