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

Shares of AIRO Group Holdings, Inc. (NASDAQ:AIRO) have earned a consensus rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $17.3333.

Several analysts have recently issued reports on the stock. Mizuho lowered their price objective on shares of AIRO Group from $16.00 to $13.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of AIRO Group in a report on Friday, May 29th. Finally, Wall Street Zen upgraded AIRO Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th.

Insider Activity at AIRO Group

In related news, COO John Uczekaj sold 16,887 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $9.72, for a total transaction of $164,141.64. Following the completion of the sale, the chief operating officer directly owned 221,572 shares of the company’s stock, valued at approximately $2,153,679.84. This represents a 7.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mariya Pylypiv sold 30,028 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $7.66, for a total value of $230,014.48. Following the completion of the transaction, the chief financial officer directly owned 80,188 shares in the company, valued at $614,240.08. This trade represents a 27.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 47,069 shares of company stock worth $395,351 in the last 90 days. 22.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AIRO Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC acquired a new stake in AIRO Group in the second quarter valued at approximately $355,000. Creative Planning acquired a new stake in AIRO Group during the 2nd quarter valued at $217,000. Norges Bank purchased a new stake in AIRO Group during the 2nd quarter worth $481,000. WINTON GROUP Ltd acquired a new position in AIRO Group in the 2nd quarter worth $298,000. Finally, Raymond James Financial Inc. acquired a new position in AIRO Group in the 2nd quarter worth $43,000.

AIRO Group Trading Down 4.3%

AIRO Group stock opened at $8.59 on Thursday. The stock has a fifty day moving average price of $7.50 and a 200 day moving average price of $8.31. AIRO Group has a 52 week low of $5.71 and a 52 week high of $25.90. The firm has a market capitalization of $271.10 million, a P/E ratio of -18.28 and a beta of 1.90.

AIRO Group (NASDAQ:AIRO) last posted 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 company had revenue of $43.18 million for the quarter. As a group, equities analysts predict that AIRO Group will post -1.04 EPS for the current 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.