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

Shares of AIRO Group Holdings, Inc. (NASDAQ:AIRO) have been given a consensus rating of “Hold” by the five analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $19.6667.

Several brokerages have recently weighed in on AIRO. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AIRO Group in a report on Friday, May 29th. Zacks Research upgraded shares of AIRO Group to a “hold” rating in a research note on Wednesday, April 15th. Wall Street Zen upgraded shares of AIRO Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 13th. Finally, BTIG Research reiterated a “neutral” rating on shares of AIRO Group in a research note on Wednesday, April 8th.

AIRO Group Stock Performance

NASDAQ AIRO opened at $7.39 on Wednesday. The firm has a market cap of $232.42 million and a PE ratio of -15.72. AIRO Group has a one year low of $5.71 and a one year high of $29.20. The firm’s fifty day moving average is $7.70 and its two-hundred day moving average is $9.06.

AIRO Group (NASDAQ:AIRO) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.49) EPS for the quarter. The business 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%. Research analysts predict that AIRO Group will post -0.63 earnings per share for the current year.

Insider Transactions at AIRO Group

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

Institutional Trading of AIRO Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Leonteq Securities AG purchased a new stake in AIRO Group during the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in AIRO Group during the fourth quarter worth about $30,000. Raymond James Financial Inc. purchased a new stake in AIRO Group during the second quarter worth about $43,000. New York State Common Retirement Fund purchased a new stake in AIRO Group during the fourth quarter worth about $43,000. Finally, JPMorgan Chase & Co. purchased a new stake in AIRO Group during the third quarter worth about $54,000.

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.