Brokerages Set AIRO Group Holdings, Inc. (NASDAQ:AIRO) PT at $19.67

Shares of AIRO Group Holdings, Inc. (NASDAQ:AIRO) have been given a consensus recommendation of “Hold” by the five ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $19.6667.

Several brokerages have recently commented on AIRO. Wall Street Zen upgraded shares of AIRO Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 13th. Zacks Research raised shares of AIRO Group to a “hold” rating in a research note on Wednesday, April 15th. BTIG Research reaffirmed a “neutral” rating on shares of AIRO Group in a report on Wednesday, April 8th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of AIRO Group in a research report on Friday, May 29th.

Insider Buying and Selling

In related news, CFO Mariya Pylypiv sold 30,028 shares of the company’s stock in a transaction dated 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 approximately $614,240.08. This represents a 27.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Hedge Funds Weigh In On AIRO Group

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of AIRO Group in the 2nd quarter valued at approximately $43,000. Bank of America Corp DE bought a new stake in AIRO Group in the second quarter valued at approximately $60,000. JPMorgan Chase & Co. bought a new stake in AIRO Group in the third quarter valued at approximately $54,000. Leonteq Securities AG acquired a new stake in AIRO Group in the fourth quarter worth $25,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of AIRO Group during the third quarter worth $62,000.

AIRO Group Stock Down 9.9%

AIRO stock opened at $6.86 on Wednesday. The company has a market cap of $215.75 million and a P/E ratio of -14.60. AIRO Group has a twelve month low of $5.71 and a twelve month high of $29.20. The business has a fifty day moving average of $7.61 and a 200-day moving average of $9.03.

AIRO Group (NASDAQ:AIRO) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.49) earnings per share (EPS) for the quarter. The firm had revenue of $8.90 million during the quarter. AIRO Group had a negative net margin of 19.98% and a negative return on equity of 2.44%. As a group, equities research analysts anticipate that AIRO Group will post -0.63 earnings per share for the current fiscal year.

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.