AIRO Group Holdings, Inc. (NASDAQ:AIRO) Receives Consensus Rating of “Hold” from Brokerages

AIRO Group Holdings, Inc. (NASDAQ:AIRO) has earned a consensus rating of “Hold” from the five research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $17.3333.

A number of analysts have recently commented on AIRO shares. BTIG Research reiterated a “neutral” rating on shares of AIRO Group in a research note on Wednesday, April 8th. Wall Street Zen upgraded shares of AIRO Group from a “strong sell” rating to a “sell” rating in a report on Saturday, June 13th. Mizuho cut their target price on shares of AIRO Group from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Tuesday, July 21st. Zacks Research upgraded shares of AIRO Group to a “hold” rating in a research note on Wednesday, April 15th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of AIRO Group in a report on Friday, May 29th.

Insider Activity at AIRO Group

In related news, CFO Mariya Pylypiv sold 30,028 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $7.66, for a total transaction of $230,014.48. Following the completion of the sale, the chief financial officer owned 80,188 shares in the company, valued at approximately $614,240.08. This represents a 27.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 22.90% of the stock is owned by insiders.

Institutional Investors Weigh In On AIRO Group

A number of large investors have recently made changes to their positions in AIRO. Woodline Partners LP increased its position in shares of AIRO Group by 41.0% during the 3rd quarter. Woodline Partners LP now owns 2,753,067 shares of the company’s stock valued at $52,859,000 after purchasing an additional 800,456 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in AIRO Group during the third quarter valued at approximately $15,030,000. HighTower Advisors LLC grew its position in AIRO Group by 936.8% during the fourth quarter. HighTower Advisors LLC now owns 666,176 shares of the company’s stock valued at $5,449,000 after buying an additional 601,924 shares during the period. Vanguard Group Inc. increased its holdings in AIRO Group by 406.0% during the third quarter. Vanguard Group Inc. now owns 505,951 shares of the company’s stock valued at $9,714,000 after buying an additional 405,951 shares during the last quarter. Finally, UBS Group AG increased its holdings in AIRO Group by 246.9% during the third quarter. UBS Group AG now owns 250,733 shares of the company’s stock valued at $4,814,000 after buying an additional 178,460 shares during the last quarter.

AIRO Group Stock Performance

NASDAQ AIRO opened at $6.74 on Friday. AIRO Group has a one year low of $5.71 and a one year high of $25.90. The stock has a 50-day moving average of $7.47 and a 200 day moving average of $8.69. The company has a market capitalization of $211.97 million and a price-to-earnings ratio of -14.34.

AIRO Group (NASDAQ:AIRO) last posted its earnings results on Thursday, May 14th. The company reported ($0.49) earnings per share (EPS) for the quarter. The company had revenue of $8.90 million for the quarter. AIRO Group had a negative net margin of 19.98% and a negative return on equity of 2.44%. On average, equities analysts predict that AIRO Group will post -0.86 earnings per share for the current fiscal year.

AIRO Group Company Profile

We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.