AIRO Group Holdings, Inc. (NASDAQ:AIRO) Given Average Rating of “Hold” by Analysts

AIRO Group Holdings, Inc. (NASDAQ:AIRO) has earned an average recommendation of “Hold” from the five ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $17.3333.

AIRO has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AIRO Group in a report on Friday, May 29th. Wall Street Zen raised AIRO Group from a “strong sell” rating to a “sell” rating in a report on Saturday, June 13th. Zacks Research upgraded AIRO Group to a “hold” rating in a research report on Wednesday, April 15th. Mizuho dropped 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, BTIG Research reiterated a “neutral” rating on shares of AIRO Group in a research report on Wednesday, April 8th.

AIRO Group Stock Performance

Shares of NASDAQ:AIRO opened at $6.80 on Friday. The company’s fifty day moving average is $7.41 and its 200-day moving average is $8.85. AIRO Group has a 52 week low of $5.71 and a 52 week high of $25.90. The company has a market capitalization of $213.86 million and a PE ratio of -14.47.

AIRO Group (NASDAQ:AIRO) last announced its earnings results on Thursday, May 14th. The company reported ($0.49) earnings per share (EPS) for the quarter. AIRO Group had a negative return on equity of 2.44% and a negative net margin of 19.98%.The firm had revenue of $8.90 million for the quarter. On average, analysts forecast that AIRO Group will post -0.86 EPS for the current year.

Insider Buying and Selling at AIRO Group

In other news, CFO Mariya Pylypiv sold 30,028 shares of the firm’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 directly owned 80,188 shares in the company, valued at approximately $614,240.08. This trade 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. Company insiders own 22.90% of the company’s stock.

Institutional Investors Weigh In On AIRO Group

A number of hedge funds have recently added to or reduced their stakes in AIRO. MYDA Advisors LLC bought a new stake in shares of AIRO Group during the fourth quarter valued at approximately $1,963,000. HighTower Advisors LLC increased its holdings in shares of AIRO Group by 936.8% in the fourth quarter. HighTower Advisors LLC now owns 666,176 shares of the company’s stock valued at $5,449,000 after purchasing an additional 601,924 shares in the last quarter. AXQ Capital LP bought a new position in AIRO Group in the 4th quarter worth approximately $96,000. Leonteq Securities AG bought a new position in AIRO Group in the 4th quarter worth approximately $25,000. Finally, First Trust Advisors LP lifted its holdings in AIRO Group by 6.2% during 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.

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.