Airship AI (NASDAQ:AISP) Downgraded by Wall Street Zen to Sell

Wall Street Zen downgraded shares of Airship AI (NASDAQ:AISP) from a hold rating to a sell rating in a report published on Saturday morning.

Other equities analysts also recently issued research reports about the company. Weiss Ratings downgraded Airship AI from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Roth Mkm set a $6.50 price objective on Airship AI in a research report on Monday, April 27th. Finally, Zacks Research downgraded Airship AI from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell” and a consensus price target of $6.50.

Airship AI Price Performance

Shares of NASDAQ:AISP opened at $2.40 on Friday. The business’s 50 day moving average price is $2.41 and its 200-day moving average price is $2.98. The firm has a market capitalization of $82.66 million, a PE ratio of -240.00 and a beta of 0.40. Airship AI has a 1 year low of $2.03 and a 1 year high of $7.20.

Airship AI (NASDAQ:AISP) last issued its quarterly earnings results on Friday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The firm had revenue of $6.35 million during the quarter, compared to analysts’ expectations of $6.20 million. As a group, analysts expect that Airship AI will post 0.01 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Victor Huang acquired 40,000 shares of Airship AI stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average price of $2.24 per share, for a total transaction of $89,600.00. Following the completion of the transaction, the chief executive officer owned 4,012,567 shares in the company, valued at $8,988,150.08. This represents a 1.01% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 46.80% of the company’s stock.

Institutional Investors Weigh In On Airship AI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC purchased a new stake in Airship AI in the first quarter valued at $419,000. Sei Investments Co. purchased a new stake in Airship AI in the first quarter valued at $84,000. Hsbc Holdings PLC purchased a new stake in Airship AI in the first quarter valued at $115,000. Abel Hall LLC purchased a new stake in Airship AI in the first quarter valued at $36,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Airship AI in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 5.89% of the company’s stock.

Airship AI Company Profile

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. It serves government, public sector, law enforcement, military, and commercial enterprise organizations.