Wall Street Zen Upgrades AIRO Group (NASDAQ:AIRO) to “Hold”

AIRO Group (NASDAQ:AIRO) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other equities analysts also recently commented on AIRO. Cantor Fitzgerald dropped their price objective on shares of AIRO Group from $35.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, November 21st. Mizuho lowered their price target on shares of AIRO Group from $31.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, November 17th. BTIG Research cut their price objective on AIRO Group from $26.00 to $19.00 and set a “buy” rating on the stock in a report on Monday, November 24th. Finally, Weiss Ratings reaffirmed a “sell (e)” rating on shares of AIRO Group in a report on Monday, December 15th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.33.

AIRO Group Stock Up 8.2%

AIRO Group stock opened at $8.03 on Friday. AIRO Group has a 52 week low of $7.28 and a 52 week high of $39.07. The stock’s fifty day simple moving average is $12.34.

AIRO Group (NASDAQ:AIRO) last released its earnings results on Friday, November 14th. The company reported ($0.28) earnings per share (EPS) for the quarter. The business had revenue of $6.28 million during the quarter.

Institutional Trading of AIRO Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tudor Investment Corp ET AL acquired a new position in AIRO Group during the 3rd quarter worth about $199,000. Woodline Partners LP raised its position in shares of AIRO Group by 41.0% during the third quarter. Woodline Partners LP now owns 2,753,067 shares of the company’s stock worth $52,859,000 after acquiring an additional 800,456 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of AIRO Group in the third quarter worth approximately $15,030,000. Verition Fund Management LLC bought a new stake in AIRO Group in the third quarter valued at approximately $426,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in AIRO Group during the 3rd quarter valued at approximately $62,000.

About AIRO Group

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.