AIRO Group Holdings, Inc. (NASDAQ:AIRO) Stock Now Rated “Hold” by Wall Street Analysts

AIRO Group Holdings, Inc. (NASDAQ:AIRO) has earned a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $16.50.

AIRO has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of AIRO Group from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AIRO Group in a research note on Wednesday, August 26th. Mizuho lowered their price objective on shares of AIRO Group from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Finally, Roth Capital began coverage on shares of AIRO Group in a report on Tuesday, November 3rd. They set a “buy” rating and a $16.00 target price for the company.

AIRO Group Trading Up 9.0%

NASDAQ AIRO opened at $5.21 on Tuesday. AIRO Group has a 1-year low of $4.53 and a 1-year high of $14.22. The stock has a 50-day moving average of $6.28 and a 200-day moving average of $7.93. The firm has a market cap of $164.43 million, a PE ratio of -6.28 and a beta of 2.20.

AIRO Group (NASDAQ:AIRO) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.06) earnings per share (EPS) for the quarter. AIRO Group had a negative return on equity of 3.48% and a negative net margin of 23.86%. The company had revenue of $43.18 million for the quarter. As a group, equities research analysts forecast that AIRO Group will post -1.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other AIRO Group news, CFO Mariya Pylypiv sold 8,697 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $7.08, for a total transaction of $61,574.76. Following the completion of the transaction, the chief financial officer owned 267,333 shares of the company’s stock, valued at $1,892,717.64. This represents a 3.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO John Uczekaj sold 16,887 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $9.72, for a total value of $164,141.64. Following the completion of the sale, the chief operating officer owned 221,572 shares of the company’s stock, valued at approximately $2,153,679.84. This trade represents a 7.08% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 32,814 shares of company stock valued at $277,049 in the last ninety days. 22.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AIRO. BlackRock Inc. bought a new stake in shares of AIRO Group during the second quarter valued at approximately $9,609,000. Bank of America Corp DE bought a new stake in shares of AIRO Group in the 2nd quarter worth $1,478,000. Kingsbury Capital Investment Advisors LLC increased its holdings in shares of AIRO Group by 252.3% in the 2nd quarter. Kingsbury Capital Investment Advisors LLC now owns 44,463 shares of the company’s stock worth $329,000 after purchasing an additional 31,842 shares in the last quarter. AXQ Capital LP purchased a new position in shares of AIRO Group in the second quarter worth $86,000. Finally, Deutsche Bank AG purchased a new position in shares of AIRO Group in the second quarter worth $153,000.

AIRO Group Company Profile

AIRO Group Holdings, Inc is an aerospace and defense company focused on developing and delivering advanced aviation and autonomous systems. Its portfolio includes unmanned aircraft systems, electric vertical takeoff and landing (eVTOL) aircraft, electronic-warfare technologies, avionics and related training services.

The company’s unmanned systems are designed for applications such as intelligence, surveillance and reconnaissance, security, public safety and commercial operations. Its advanced air-mobility activities center on electric aircraft and associated technologies, while its electronic-warfare offerings support the detection, protection against and disruption of communications and other signals.