AIRO Group (NASDAQ:AIRO) Now Covered by Analysts at Roth Capital

Stock analysts at Roth Capital began coverage on shares of AIRO Group (NASDAQ:AIRO) in a note issued to investors on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $16.00 price target on the stock. Roth Capital‘s target price would suggest a potential upside of 208.88% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Wall Street Zen raised AIRO Group from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Mizuho decreased their price target on shares of AIRO Group from $13.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AIRO Group in a research report on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.50.

AIRO Group Trading Up 0.4%

NASDAQ:AIRO opened at $5.18 on Tuesday. The stock has a market cap of $163.48 million, a P/E ratio of -6.24 and a beta of 2.06. The stock has a 50 day simple moving average of $6.51 and a 200 day simple moving average of $8.09. AIRO Group has a 1-year low of $4.53 and a 1-year high of $16.43.

AIRO Group (NASDAQ:AIRO) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.06) EPS for the quarter. AIRO Group had a negative net margin of 23.86% and a negative return on equity of 3.48%. The firm had revenue of $43.18 million during the quarter. As a group, sell-side analysts forecast that AIRO Group will post -1.11 EPS for the current year.

Insider Buying and Selling

In other AIRO Group news, COO John Uczekaj sold 7,230 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $7.10, for a total transaction of $51,333.00. Following the transaction, the chief operating officer owned 214,342 shares in the company, valued at $1,521,828.20. This trade represents a 3.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mariya Pylypiv sold 8,697 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $7.08, for a total value of $61,574.76. Following the transaction, the chief financial officer owned 267,333 shares in the company, valued at approximately $1,892,717.64. This trade represents a 3.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 32,814 shares of company stock valued at $277,049. 22.90% of the stock is owned by company insiders.

Institutional Trading of AIRO Group

A number of institutional investors have recently modified their holdings of AIRO. Pilgrim Partners Asia Pte Ltd bought a new position in shares of AIRO Group in the third quarter worth $32,000. AXQ Capital LP bought a new stake in AIRO Group during the second quarter worth about $86,000. Private Advisor Group LLC bought a new stake in AIRO Group during the first quarter worth about $139,000. Ieq Capital LLC bought a new stake in AIRO Group during the second quarter worth about $147,000. Finally, Deutsche Bank AG acquired a new stake in AIRO Group during the second quarter worth about $153,000.

AIRO Group Company Profile

AIRO Group Holdings, Inc is an aerospace and defense company focused on developing and delivering advanced aviation and autonomous systems. Its portfolio includes unmanned aircraft systems, electric vertical takeoff and landing (eVTOL) aircraft, electronic-warfare technologies, avionics and related training services.

The company’s unmanned systems are designed for applications such as intelligence, surveillance and reconnaissance, security, public safety and commercial operations. Its advanced air-mobility activities center on electric aircraft and associated technologies, while its electronic-warfare offerings support the detection, protection against and disruption of communications and other signals.