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

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

A number of brokerages have issued reports on AIRO. Weiss Ratings restated a “sell (e+)” rating on shares of AIRO Group in a research report on Friday, May 29th. Zacks Research upgraded shares of AIRO Group to a “hold” rating in a research report on Wednesday, April 15th. BTIG Research restated a “neutral” rating on shares of AIRO Group in a research report on Wednesday, April 8th. Finally, 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.

AIRO Group Trading Up 7.7%

AIRO stock opened at $7.39 on Wednesday. The company has a market cap of $232.42 million and a P/E ratio of -15.72. AIRO Group has a 52 week low of $5.71 and a 52 week high of $29.20. The company’s 50-day moving average price is $7.70 and its 200 day moving average price is $9.06.

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

Insider Transactions at AIRO Group

In other AIRO Group news, CFO Mariya Pylypiv sold 30,028 shares of AIRO Group stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $7.66, for a total transaction of $230,014.48. Following the completion of the transaction, the chief financial officer owned 80,188 shares in the company, valued at approximately $614,240.08. The trade was a 27.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO John Uczekaj sold 3,415 shares of AIRO Group stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $8.84, for a total transaction of $30,188.60. Following the transaction, the chief operating officer owned 20,111 shares of the company’s stock, valued at approximately $177,781.24. The trade was a 14.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Hedge Funds Weigh In On AIRO Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Woodline Partners LP grew its holdings 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 buying an additional 800,456 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of AIRO Group during the third quarter worth about $15,030,000. HighTower Advisors LLC grew its holdings in shares of AIRO Group by 936.8% during the fourth quarter. HighTower Advisors LLC now owns 666,176 shares of the company’s stock worth $5,449,000 after buying an additional 601,924 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of AIRO Group by 406.0% during the third quarter. Vanguard Group Inc. now owns 505,951 shares of the company’s stock worth $9,714,000 after buying an additional 405,951 shares in the last quarter. Finally, UBS Group AG grew its holdings in shares of AIRO Group by 246.9% during the third quarter. UBS Group AG now owns 250,733 shares of the company’s stock worth $4,814,000 after buying an additional 178,460 shares in the last quarter.

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.