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

Shares of AIRO Group Holdings, Inc. (NASDAQ:AIROGet Free Report) have been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $17.3333.

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

Check Out Our Latest Report on AIRO Group

AIRO Group Price Performance

AIRO opened at $8.59 on Thursday. The stock has a market capitalization of $271.10 million, a PE ratio of -18.28 and a beta of 1.90. The firm’s fifty day moving average price is $7.50 and its 200 day moving average price is $8.31. AIRO Group has a 12-month low of $5.71 and a 12-month high of $25.90.

AIRO Group (NASDAQ:AIROGet Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $43.18 million for the quarter. AIRO Group had a negative return on equity of 3.48% and a negative net margin of 23.86%. On average, equities research analysts forecast that AIRO Group will post -1.04 earnings per share for the current fiscal year.

Insider Activity at AIRO Group

In other news, CFO Mariya Pylypiv sold 30,028 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $7.66, for a total value of $230,014.48. Following the completion of the sale, the chief financial officer owned 80,188 shares in the company, valued at $614,240.08. This represents a 27.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO John Uczekaj sold 16,887 shares of AIRO Group stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $9.72, for a total value of $164,141.64. Following the transaction, the chief operating officer directly owned 221,572 shares in the company, valued at approximately $2,153,679.84. The trade was a 7.08% 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. Insiders sold 47,069 shares of company stock valued at $395,351 over the last quarter. Insiders own 22.90% of the company’s stock.

Institutional Trading of AIRO Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in AIRO. Leonteq Securities AG acquired a new stake in shares of AIRO Group during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in AIRO Group during the 4th quarter worth about $30,000. Raymond James Financial Inc. purchased a new stake in AIRO Group during the second quarter valued at about $43,000. New York State Common Retirement Fund acquired a new position in shares of AIRO Group in the fourth quarter worth about $43,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of AIRO Group in the third quarter worth approximately $54,000.

AIRO Group Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for AIRO Group (NASDAQ:AIRO)

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