Analysts Offer Predictions for Palladyne AI FY2028 Earnings

Palladyne AI Corp. (NASDAQ:PDYN) – Northland Securities issued their FY2028 EPS estimates for shares of Palladyne AI in a research note issued on Monday, June 8th. Northland Securities analyst M. Latimore expects that the company will earn ($0.35) per share for the year. The consensus estimate for Palladyne AI’s current full-year earnings is ($0.87) per share.

PDYN has been the subject of a number of other reports. Jefferies Financial Group reissued a “hold” rating and issued a $7.00 price target on shares of Palladyne AI in a report on Wednesday, May 6th. Alliance Global Partners reissued a “buy” rating on shares of Palladyne AI in a report on Tuesday, May 5th. Weiss Ratings downgraded shares of Palladyne AI from a “hold (c-)” rating to a “sell (d-)” rating in a report on Wednesday, May 6th. Zacks Research raised shares of Palladyne AI to a “hold” rating in a report on Wednesday, April 8th. Finally, Lake Street Capital began coverage on shares of Palladyne AI in a research note on Friday, April 17th. They set a “buy” rating and a $11.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.00.

Palladyne AI Trading Up 4.4%

Shares of NASDAQ PDYN opened at $7.17 on Tuesday. Palladyne AI has a twelve month low of $4.14 and a twelve month high of $13.00. The company has a market capitalization of $333.33 million, a price-to-earnings ratio of -11.75 and a beta of 3.59. The firm has a 50-day moving average of $6.65 and a two-hundred day moving average of $6.35.

Palladyne AI (NASDAQ:PDYN) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.12). Palladyne AI had a negative net margin of 358.04% and a negative return on equity of 49.17%. The business had revenue of $3.54 million during the quarter, compared to analyst estimates of $4.93 million.

Insider Buying and Selling at Palladyne AI

In other Palladyne AI news, CTO Denis Garagic sold 17,176 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $6.14, for a total transaction of $105,460.64. Following the completion of the sale, the chief technology officer directly owned 559,959 shares of the company’s stock, valued at approximately $3,438,148.26. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Sonne sold 5,245 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $6.14, for a total transaction of $32,204.30. Following the sale, the insider directly owned 197,490 shares of the company’s stock, valued at $1,212,588.60. This represents a 2.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 54,378 shares of company stock valued at $372,509. 13.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Palladyne AI

Hedge funds have recently bought and sold shares of the company. United Capital Management of KS Inc. acquired a new position in shares of Palladyne AI in the 3rd quarter valued at about $441,000. Quantbot Technologies LP acquired a new position in shares of Palladyne AI in the 3rd quarter valued at about $597,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Palladyne AI by 103.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 12,484 shares of the company’s stock valued at $53,000 after purchasing an additional 6,343 shares during the period. Aristides Capital LLC acquired a new position in shares of Palladyne AI in the 4th quarter valued at about $99,000. Finally, Themes Management Co LLC acquired a new position in shares of Palladyne AI in the 4th quarter valued at about $253,000. 26.02% of the stock is owned by hedge funds and other institutional investors.

About Palladyne AI

Palladyne AI Corp., a software company, focuses on delivering software that enhances the utility and functionality of third-party stationary and mobile robotic systems in the United States. Its Artificial Intelligence (AI)/ Machine Learning (ML) software platform enables robots to observe, learn, reason, and act in structured and unstructured environments. The company's software platform enables robotic systems to perceive their environment and quickly adapt to changing circumstances by generalizing from their experience using dynamic real-time operations without extensive programming and with minimal robot training.