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

Shares of AIRO Group Holdings, Inc. (NASDAQ:AIRO) have earned an average recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $19.6667.

Several research firms have recently issued reports on AIRO. Weiss Ratings reaffirmed a “sell (e)” rating on shares of AIRO Group in a research note on Monday, December 29th. Zacks Research raised shares of AIRO Group to a “hold” rating in a research note on Wednesday. Wall Street Zen downgraded shares of AIRO Group from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. BTIG Research reissued a “neutral” rating on shares of AIRO Group in a research note on Wednesday, April 8th. Finally, Mizuho dropped their target price on shares of AIRO Group from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, January 5th.

Insider Buying and Selling at AIRO Group

In related news, COO John Uczekaj sold 3,415 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $8.84, for a total value of $30,188.60. Following the transaction, the chief operating officer owned 20,111 shares in the company, valued at $177,781.24. The trade was a 14.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mariya Pylypiv sold 20,078 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $10.26, for a total transaction of $206,000.28. Following the completion of the transaction, the chief financial officer owned 49,887 shares in the company, valued at approximately $511,840.62. The trade was a 28.70% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 23,889 shares of company stock worth $240,319.

Hedge Funds Weigh In On AIRO Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Leonteq Securities AG acquired a new stake in AIRO Group in the fourth quarter worth $25,000. Strs Ohio bought a new stake in AIRO Group in the third quarter valued at $25,000. Caitong International Asset Management Co. Ltd bought a new stake in AIRO Group in the fourth quarter valued at $30,000. Raymond James Financial Inc. bought a new stake in AIRO Group in the second quarter valued at $43,000. Finally, New York State Common Retirement Fund bought a new stake in AIRO Group in the fourth quarter valued at $43,000.

AIRO Group Stock Performance

AIRO stock opened at $8.65 on Friday. The company has a fifty day moving average price of $9.39 and a 200-day moving average price of $11.44. The company has a market capitalization of $271.91 million and a P/E ratio of 432.50. AIRO Group has a 52-week low of $7.28 and a 52-week high of $39.07.

AIRO Group (NASDAQ:AIRO) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $48.28 million for the quarter.

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.