Airship AI (NASDAQ:AISP) Raised to “Hold” at Zacks Research

Airship AI (NASDAQ:AISP) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the stock. Wall Street Zen upgraded shares of Airship AI from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings cut shares of Airship AI from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Finally, Roth Capital set a $6.50 price target on shares of Airship AI in a research report on Monday, April 27th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $6.50.

Airship AI Trading Down 1.9%

Shares of AISP opened at $2.12 on Tuesday. The firm has a market cap of $73.01 million, a P/E ratio of -212.00 and a beta of 0.54. The stock’s 50 day moving average is $2.58 and its two-hundred day moving average is $2.67. Airship AI has a 12 month low of $2.03 and a 12 month high of $7.20.

Airship AI (NASDAQ:AISP) last announced its earnings results on Friday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The firm had revenue of $6.35 million during the quarter, compared to analysts’ expectations of $6.20 million. Equities research analysts forecast that Airship AI will post -0.06 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Airship AI by 18.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,269,819 shares of the company’s stock worth $6,565,000 after purchasing an additional 195,760 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Airship AI by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 498,501 shares of the company’s stock valued at $1,441,000 after buying an additional 23,013 shares during the last quarter. State Street Corp raised its position in shares of Airship AI by 6.8% in the fourth quarter. State Street Corp now owns 345,034 shares of the company’s stock valued at $997,000 after buying an additional 22,069 shares during the last quarter. Nuveen LLC lifted its stake in shares of Airship AI by 119.0% in the fourth quarter. Nuveen LLC now owns 330,509 shares of the company’s stock worth $955,000 after buying an additional 179,580 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Airship AI by 1,177.9% in the fourth quarter. AQR Capital Management LLC now owns 243,261 shares of the company’s stock worth $703,000 after buying an additional 224,225 shares in the last quarter. Hedge funds and other institutional investors own 5.89% of the company’s stock.

Airship AI Company Profile

Airship AI Holdings, Inc offers AI-driven video, sensor, and data management surveillance platform in the United States. The company provides Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost for high-definition recording with user defined low-bit rate video stream encoding. It serves government, public sector, law enforcement, military, and commercial enterprise organizations.