Shares of AIRO Group Holdings, Inc. (NASDAQ:AIRO – Get Free Report) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $19.6667.
A number of research firms have weighed in on AIRO. BTIG Research restated a “neutral” rating on shares of AIRO Group in a research note on Wednesday, April 8th. Zacks Research upgraded AIRO Group to a “hold” rating in a research note on Wednesday, April 15th. Finally, Wall Street Zen downgraded AIRO Group from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th.
Get Our Latest Stock Analysis on AIRO Group
AIRO Group Price Performance
AIRO Group (NASDAQ:AIRO – Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.49) earnings per share (EPS) for the quarter. The firm had revenue of $8.90 million for the quarter. AIRO Group had a negative return on equity of 2.44% and a negative net margin of 19.98%. On average, equities analysts anticipate that AIRO Group will post -0.63 EPS for the current fiscal year.
Insider Buying and Selling
In other AIRO Group news, CFO Mariya Pylypiv sold 20,078 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $10.26, for a total value of $206,000.28. Following the completion of the transaction, the chief financial officer directly owned 49,887 shares in the company, valued at $511,840.62. This trade represents a 28.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO John Uczekaj sold 3,415 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer directly owned 20,111 shares of the company’s stock, valued at approximately $177,781.24. The trade was a 14.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 23,889 shares of company stock valued at $240,319.
Institutional Trading of AIRO Group
Hedge funds have recently made changes to their positions in the business. Strs Ohio acquired a new stake in AIRO Group during the 3rd quarter valued at $25,000. Raymond James Financial Inc. acquired a new stake in AIRO Group during the 2nd quarter valued at $43,000. Invesco Ltd. lifted its holdings in AIRO Group by 1.2% during the 4th quarter. Invesco Ltd. now owns 200,630 shares of the company’s stock valued at $1,641,000 after purchasing an additional 2,395 shares during the last quarter. Bank of America Corp DE acquired a new stake in AIRO Group during the 2nd quarter valued at $60,000. Finally, JPMorgan Chase & Co. acquired a new stake in AIRO Group during the 3rd quarter valued at $54,000.
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.
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