AIRO Group (NASDAQ:AIRO) Stock Gets Price Target Reduction from Mizuho

AIRO Group (NASDAQ:AIRO – Free Report) had its price target reduced by Mizuho from $13.00 to $11.00 in a report released on Thursday, Marketbeat.com reports. They currently have an outperform rating on the stock.

Several other equities analysts have also recently weighed in on AIRO. Wall Street Zen upgraded shares of AIRO Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Weiss Ratings restated a “sell (e+)” rating on shares of AIRO Group in a research report on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.67.

Check Out Our Latest Stock Report on AIRO Group

AIRO Group Stock Performance

AIRO Group stock opened at $5.30 on Thursday. AIRO Group has a one year low of $4.97 and a one year high of $18.69. The stock has a fifty day moving average of $7.33 and a 200 day moving average of $7.51. The stock has a market cap of $167.27 million, a PE ratio of -6.39 and a beta of 2.06.

AIRO Group (NASDAQ:AIRO – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $43.18 million during the quarter. AIRO Group had a negative return on equity of 3.48% and a negative net margin of 23.86%. As a group, sell-side analysts predict that AIRO Group will post -1.04 EPS for the current fiscal year.

Insider Buying and Selling at AIRO Group

In other AIRO Group news, COO John Uczekaj sold 16,887 shares of AIRO Group stock in a transaction that occurred 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 transaction, the chief operating officer owned 221,572 shares of the company’s stock, valued at $2,153,679.84. The trade was a 7.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 8,697 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $7.08, for a total transaction of $61,574.76. Following the completion of the transaction, the chief financial officer owned 267,333 shares of the company’s stock, valued at approximately $1,892,717.64. The trade was a 3.15% 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 have sold 32,814 shares of company stock worth $277,049 over the last quarter. 22.90% of the stock is owned by company insiders.

Institutional Trading of AIRO Group

Several institutional investors and hedge funds have recently modified their holdings of AIRO. First Trust Advisors LP increased its stake in AIRO Group by 6.2% in the 1st quarter. First Trust Advisors LP now owns 59,580 shares of the company’s stock worth $453,000 after buying an additional 3,493 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of AIRO Group in the fourth quarter valued at about $30,000. AXQ Capital LP purchased a new position in shares of AIRO Group in the second quarter valued at about $86,000. Private Advisor Group LLC purchased a new position in shares of AIRO Group in the first quarter valued at about $139,000. Finally, Ieq Capital LLC bought a new position in shares of AIRO Group in the second quarter worth about $147,000.

AIRO Group Company Profile

(Get Free Report)

AIRO Group (NASDAQ: AIRO) is an aviation, aerospace and defense company that develops and provides technologies for crewed and uncrewed aircraft. Its business activities span drones and robotics, advanced air mobility, avionics and aviation training.

The company’s drone and robotics operations focus on unmanned aerial systems and related solutions for commercial, public-sector and defense applications. Its advanced air mobility business is developing electric vertical takeoff and landing aircraft, while its avionics operations provide aircraft electronics and flight-related systems.

Further Reading

Analyst Recommendations for AIRO Group (NASDAQ:AIRO)

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