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

AIRO Group Holdings, Inc. (NASDAQ:AIRO) has earned a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $19.6667.

A number of analysts recently weighed in on AIRO shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of AIRO Group in a research note on Friday, May 29th. BTIG Research restated a “neutral” rating on shares of AIRO Group in a research note on Wednesday, April 8th. Zacks Research upgraded shares of AIRO Group to a “hold” rating in a research note on Wednesday, April 15th. Finally, Wall Street Zen cut shares of AIRO Group from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th.

Insider Buying and Selling at AIRO Group

In other news, 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 value of $30,188.60. Following the completion of the sale, the chief operating officer owned 20,111 shares in the company, valued at approximately $177,781.24. This trade represents a 14.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mariya Pylypiv sold 20,078 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $10.26, for a total transaction of $206,000.28. Following the completion of the sale, the chief financial officer owned 49,887 shares of the company’s stock, valued at $511,840.62. This trade represents a 28.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 23,889 shares of company stock valued at $240,319 in the last 90 days.

Institutional Trading of AIRO Group

Several hedge funds have recently made changes to their positions in the company. Woodline Partners LP lifted its stake in shares of AIRO Group by 41.0% in the 3rd 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 period. Alyeska Investment Group L.P. acquired a new stake in shares of AIRO Group in the 3rd quarter worth $15,030,000. HighTower Advisors LLC increased its holdings in shares of AIRO Group by 936.8% in the 4th 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. Vanguard Group Inc. lifted its stake in shares of AIRO Group by 406.0% in the third quarter. Vanguard Group Inc. now owns 505,951 shares of the company’s stock valued at $9,714,000 after purchasing an additional 405,951 shares during the period. Finally, UBS Group AG lifted its stake in shares of AIRO Group by 246.9% in the third quarter. UBS Group AG now owns 250,733 shares of the company’s stock valued at $4,814,000 after purchasing an additional 178,460 shares during the period.

AIRO Group Price Performance

Shares of NASDAQ:AIRO opened at $8.29 on Friday. The stock has a market cap of $260.72 million and a P/E ratio of -17.64. The firm has a fifty day moving average price of $7.93 and a 200 day moving average price of $9.19. AIRO Group has a 1-year low of $5.71 and a 1-year high of $39.07.

AIRO Group (NASDAQ:AIRO) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.49) earnings per share for the quarter. The business had revenue of $8.90 million for the quarter. AIRO Group had a negative return on equity of 2.44% and a negative net margin of 19.98%. Sell-side analysts expect 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.