Wall Street Zen Downgrades Safe Pro Group (NASDAQ:SPAI) to Sell

Key Points

• Wall Street Zen downgraded Safe Pro Group from “hold” to “sell,” although the broader analyst consensus remains “Moderate Buy” with an $11.00 target price.
• SPAI reported a quarterly loss of $0.15 per share, slightly below the $0.14 consensus estimate, while revenue of $1.33 million exceeded estimates of $1.22 million. The company continues to face significant profitability challenges, including a negative 500% net margin.
• Shares opened at $5.37, with a market capitalization of approximately $109.3 million, and several institutional investors—including Citadel Advisors and Geode Capital Management—recently established or increased positions.

Safe Pro Group (NASDAQ:SPAI - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Several other equities research analysts have also commented on SPAI. Weiss Ratings upgraded Safe Pro Group from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Monday. Zacks Research raised shares of Safe Pro Group from a "strong sell" rating to a "hold" rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.00.

Safe Pro Group Stock Performance

Shares of SPAI stock opened at $5.37 on Friday. The stock has a market cap of $109.33 million, a PE ratio of -7.36 and a beta of 3.56. The business has a 50-day simple moving average of $4.33 and a 200-day simple moving average of $4.46. The company has a quick ratio of 12.88, a current ratio of 8.76 and a debt-to-equity ratio of 0.01. Safe Pro Group has a 52-week low of $3.23 and a 52-week high of $9.16.

Safe Pro Group (NASDAQ:SPAI - Get Free Report) last posted its earnings results on Friday, August 14th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The company had revenue of $1.33 million for the quarter, compared to analyst estimates of $1.22 million. Safe Pro Group had a negative return on equity of 107.61% and a negative net margin of 500.00%. On average, equities analysts expect that Safe Pro Group will post -0.55 EPS for the current year.

Hedge Funds Weigh In On Safe Pro Group

A number of large investors have recently bought and sold shares of SPAI. Cresset Asset Management LLC boosted its position in Safe Pro Group by 4.6% during the second quarter. Cresset Asset Management LLC now owns 144,929 shares of the company's stock worth $399,000 after purchasing an additional 6,346 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Safe Pro Group in the third quarter valued at approximately $3,940,000. NewEdge Advisors LLC purchased a new stake in shares of Safe Pro Group in the third quarter valued at approximately $393,000. Atlantic Union Bankshares Corp acquired a new position in shares of Safe Pro Group during the 4th quarter worth approximately $42,000. Finally, Geode Capital Management LLC raised its stake in shares of Safe Pro Group by 66.3% during the 4th quarter. Geode Capital Management LLC now owns 128,627 shares of the company's stock worth $535,000 after buying an additional 51,283 shares during the period.

About Safe Pro Group

Safe Pro Group, Inc engages in the provision and acquisition of security and protection products. Its products include Artificial Intelligence (AI) and Machine Learning (ML) software technology and photogrammetry analysis tools, bullet and blast resistant personal protection equipment, and aerial managed services and mission-critical uncrewed solutions. The firm operates through the following segments: Safe-PRO USA, Airborne Response, and Safe Pro AI. The company was founded by Daniyel Erdberg on December 15, 2021 and is headquartered in Aventura, FL.

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