AIRO Group (NASDAQ:AIRO) Upgraded by Wall Street Zen to “Sell” Rating

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

AIRO has been the subject of a number of other research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of AIRO Group in a report on Friday, May 29th. BTIG Research restated a “neutral” rating on shares of AIRO Group in a research report on Wednesday, April 8th. Finally, Zacks Research upgraded AIRO Group to a “hold” rating in a research report on Wednesday, April 15th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.67.

AIRO Group Price Performance

Shares of NASDAQ AIRO opened at $8.03 on Friday. The stock has a market capitalization of $252.54 million and a PE ratio of -17.09. The business has a fifty day moving average price of $7.92 and a two-hundred day moving average price of $9.16. AIRO Group has a fifty-two week low of $5.71 and a fifty-two week high of $39.07.

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

Insider Buying and Selling

In other AIRO Group news, COO John Uczekaj sold 3,415 shares of the business’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 completion of the sale, the chief operating officer owned 20,111 shares in the company, valued at approximately $177,781.24. The trade was a 14.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Hedge Funds Weigh In On AIRO Group

Several large investors have recently bought and sold shares of the stock. Woodline Partners LP increased its stake in AIRO Group by 41.0% in the 3rd quarter. Woodline Partners LP now owns 2,753,067 shares of the company’s stock valued at $52,859,000 after buying an additional 800,456 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of AIRO Group in the third quarter worth about $15,030,000. HighTower Advisors LLC boosted its holdings in shares of AIRO Group by 936.8% in the fourth quarter. HighTower Advisors LLC now owns 666,176 shares of the company’s stock worth $5,449,000 after acquiring an additional 601,924 shares during the period. Vanguard Group Inc. boosted its holdings 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 worth $9,714,000 after acquiring an additional 405,951 shares during the period. Finally, UBS Group AG boosted its holdings 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 worth $4,814,000 after acquiring an additional 178,460 shares during the period.

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.