Airship AI (NASDAQ:AISP) Raised to Hold at Wall Street Zen

Airship AI (NASDAQ:AISP) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

AISP has been the subject of several other reports. Roth Mkm set a $6.50 price target on Airship AI in a research report on Monday, April 27th. Weiss Ratings cut Airship AI from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Finally, Zacks Research cut Airship AI from a “hold” rating to a “strong sell” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, Airship AI presently has a consensus rating of “Sell” and a consensus price target of $6.50.

Airship AI Stock Down 2.0%

AISP opened at $3.01 on Friday. Airship AI has a 52 week low of $2.03 and a 52 week high of $7.20. The business has a fifty day simple moving average of $2.53 and a 200-day simple moving average of $2.81. The firm has a market cap of $103.66 million, a P/E ratio of -301.00 and a beta of 0.50.

Airship AI (NASDAQ:AISP) last released its quarterly earnings results on Friday, May 8th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03). The firm had revenue of $6.35 million during the quarter, compared to analyst estimates of $6.20 million. Sell-side analysts expect that Airship AI will post -0.06 earnings per share for the current year.

Insider Activity at Airship AI

In other news, CEO Victor Huang bought 40,000 shares of the business’s stock in a transaction dated Friday, March 20th. The shares were acquired at an average price of $2.24 per share, for a total transaction of $89,600.00. Following the completion of the transaction, the chief executive officer owned 4,012,567 shares of the company’s stock, valued at approximately $8,988,150.08. This trade represents a 1.01% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 46.80% of the company’s stock.

Institutional Trading of Airship AI

A number of hedge funds and other institutional investors have recently made changes to their positions in AISP. AQR Capital Management LLC increased its position in shares of Airship AI by 1,177.9% during the fourth quarter. AQR Capital Management LLC now owns 243,261 shares of the company’s stock worth $703,000 after purchasing an additional 224,225 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Airship AI by 18.2% during the third quarter. Vanguard Group Inc. now owns 1,269,819 shares of the company’s stock worth $6,565,000 after purchasing an additional 195,760 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Airship AI during the first quarter worth about $419,000. Nuveen LLC increased its position in shares of Airship AI by 119.0% during the fourth quarter. Nuveen LLC now owns 330,509 shares of the company’s stock worth $955,000 after purchasing an additional 179,580 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Airship AI by 44.2% during the second quarter. Geode Capital Management LLC now owns 459,461 shares of the company’s stock worth $2,707,000 after purchasing an additional 140,793 shares in the last quarter. Institutional investors and hedge funds own 5.89% of the company’s stock.

About Airship AI

Airship AI Holdings, Inc offers AI-driven video, sensor, and data management surveillance platform in the United States. The company provides Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost for high-definition recording with user defined low-bit rate video stream encoding. It serves government, public sector, law enforcement, military, and commercial enterprise organizations.