AIRO Group Holdings, Inc. (NASDAQ:AIRO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of AIRO Group Holdings, Inc. (NASDAQ:AIRO) have earned a consensus rating of “Hold” from the five analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $19.6667.

A number of analysts have recently weighed in on the stock. Mizuho cut their price objective on shares of AIRO Group from $25.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. BTIG Research restated a “neutral” rating on shares of AIRO Group in a research report on Wednesday, April 8th. Wall Street Zen lowered shares of AIRO Group from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Zacks Research upgraded shares of AIRO Group to a “hold” rating in a research report on Wednesday, April 15th. Finally, Weiss Ratings restated a “sell (e)” rating on shares of AIRO Group in a research report on Monday, December 29th.

Insider Buying and Selling at AIRO Group

In related news, CFO Mariya Pylypiv sold 20,078 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $10.26, for a total transaction of $206,000.28. Following the sale, the chief financial officer owned 49,887 shares in the company, valued at approximately $511,840.62. This trade represents a 28.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John Uczekaj sold 3,415 shares of the firm’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $8.84, for a total transaction of $30,188.60. Following the sale, the chief operating officer owned 20,111 shares in the company, valued at approximately $177,781.24. This represents a 14.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 23,889 shares of company stock worth $240,319.

Institutional Investors Weigh In On AIRO Group

A number of institutional investors and hedge funds have recently made changes to their positions in AIRO. Leonteq Securities AG purchased a new stake in shares of AIRO Group in the 4th quarter valued at approximately $25,000. Strs Ohio acquired a new position in AIRO Group during the 3rd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new position in AIRO Group during the 4th quarter worth approximately $30,000. Raymond James Financial Inc. acquired a new position in AIRO Group during the 2nd quarter worth approximately $43,000. Finally, New York State Common Retirement Fund acquired a new position in AIRO Group during the 4th quarter worth approximately $43,000.

AIRO Group Price Performance

NASDAQ:AIRO opened at $8.25 on Friday. The firm has a market capitalization of $259.38 million and a P/E ratio of 412.50. AIRO Group has a 1-year low of $7.28 and a 1-year high of $39.07. The company’s fifty day moving average price is $9.28 and its 200-day moving average price is $11.05.

AIRO Group (NASDAQ:AIRO) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.02 earnings per share for the quarter. The business had revenue of $48.28 million during the quarter. Equities analysts anticipate that AIRO Group will post -0.63 EPS 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.