Airship AI (NASDAQ:AISP) Shares Up 1.8% – Time to Buy?

Airship AI Holdings, Inc. (NASDAQ:AISP) was up 1.8% during mid-day trading on Thursday . The company traded as high as $2.25 and last traded at $2.22. 435,823 shares were traded during mid-day trading, a decline of 34% from the average session volume of 657,129 shares. The stock had previously closed at $2.18.

Analysts Set New Price Targets

AISP has been the topic of several research reports. Wall Street Zen upgraded shares of Airship AI from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Weiss Ratings cut shares of Airship AI from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Roth Capital set a $6.50 price target on shares of Airship AI in a research note on Monday, April 27th. Finally, Zacks Research cut Airship AI from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell” and a consensus price target of $6.50.

Airship AI Stock Up 1.8%

The business has a 50-day simple moving average of $2.59 and a two-hundred day simple moving average of $2.69. The company has a market cap of $76.46 million, a price-to-earnings ratio of -222.00 and a beta of 0.54.

Airship AI (NASDAQ:AISP) last issued its quarterly earnings data on Friday, May 8th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates 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. As a group, equities analysts anticipate that Airship AI Holdings, Inc. will post -0.06 earnings per share for the current year.

Institutional Investors Weigh In On Airship AI

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Airship AI by 18.2% during the third quarter. Vanguard Group Inc. now owns 1,269,819 shares of the company’s stock valued at $6,565,000 after purchasing an additional 195,760 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Airship AI by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 498,501 shares of the company’s stock worth $1,441,000 after buying an additional 23,013 shares during the last quarter. State Street Corp boosted its holdings in shares of Airship AI by 6.8% during the 4th quarter. State Street Corp now owns 345,034 shares of the company’s stock worth $997,000 after buying an additional 22,069 shares during the period. Nuveen LLC boosted its holdings in shares of Airship AI by 119.0% during the 4th quarter. Nuveen LLC now owns 330,509 shares of the company’s stock worth $955,000 after buying an additional 179,580 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Airship AI by 1,177.9% during the 4th quarter. AQR Capital Management LLC now owns 243,261 shares of the company’s stock worth $703,000 after buying an additional 224,225 shares during the period. Institutional investors own 5.89% of the company’s stock.

Airship AI Company Profile

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.