Airship AI (NASDAQ:AISP) Releases Earnings Results, Beats Expectations By $0.13 EPS

Airship AI (NASDAQ:AISP) posted its quarterly earnings results on Friday. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.13, Zacks reports.

Airship AI Stock Performance

AISP traded down $0.23 during trading on Friday, reaching $3.34. 757,642 shares of the stock traded hands, compared to its average volume of 877,118. The stock’s 50-day moving average is $5.06 and its 200 day moving average is $4.99. Airship AI has a 12 month low of $2.25 and a 12 month high of $7.66.

Analysts Set New Price Targets

A number of research firms recently weighed in on AISP. Wall Street Zen lowered Airship AI from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Airship AI in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Airship AI has a consensus rating of “Hold” and a consensus price target of $6.00.

Institutional Investors Weigh In On Airship AI

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of 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 buying an additional 195,760 shares during the period. Geode Capital Management LLC increased its position in Airship AI by 44.2% in the 2nd quarter. Geode Capital Management LLC now owns 459,461 shares of the company’s stock valued at $2,707,000 after buying an additional 140,793 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in Airship AI by 109.4% during the 3rd quarter. Bridgeway Capital Management LLC now owns 158,529 shares of the company’s stock worth $820,000 after buying an additional 82,829 shares during the period. AQR Capital Management LLC boosted its holdings in Airship AI by 91.3% in the first quarter. AQR Capital Management LLC now owns 82,863 shares of the company’s stock worth $320,000 after acquiring an additional 39,542 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in Airship AI in the second quarter valued at approximately $486,000. 5.89% of the stock is currently owned by institutional investors.

About Airship AI

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.