AIRO Group Holdings, Inc. (NASDAQ:AIRO) Stock Rated “Hold” by Wall Street Analysts

Shares of AIRO Group Holdings, Inc. (NASDAQ:AIRO) have been assigned an average rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $16.50.

A number of research firms have weighed in on AIRO. Wall Street Zen upgraded AIRO Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Roth Capital began coverage on AIRO Group in a research report on Tuesday, November 3rd. They set a “buy” rating and a $16.00 price objective for the company. Mizuho dropped their price objective on AIRO Group from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of AIRO Group in a research report on Wednesday, August 26th.

Insider Activity at AIRO Group

In other AIRO Group news, COO John Uczekaj sold 16,887 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $9.72, for a total transaction of $164,141.64. Following the sale, the chief operating officer owned 221,572 shares of the company’s stock, valued at approximately $2,153,679.84. This trade represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mariya Pylypiv sold 8,697 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $7.08, for a total transaction of $61,574.76. Following the sale, the chief financial officer owned 267,333 shares of the company’s stock, valued at $1,892,717.64. This represents a 3.15% decrease in their position. 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. Insiders sold 32,814 shares of company stock worth $277,049 over the last quarter. 22.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AIRO Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in AIRO Group during the 2nd quarter worth $9,609,000. Bank of America Corp DE grew its stake in shares of AIRO Group by 35.4% in the 1st quarter. Bank of America Corp DE now owns 225,830 shares of the company’s stock valued at $1,717,000 after purchasing an additional 59,025 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of AIRO Group by 954.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 99,439 shares of the company’s stock valued at $657,000 after purchasing an additional 90,005 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of AIRO Group by 373.3% in the first quarter. Royal Bank of Canada now owns 63,803 shares of the company’s stock valued at $485,000 after purchasing an additional 50,322 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of AIRO Group by 6.2% in the first quarter. First Trust Advisors LP now owns 59,580 shares of the company’s stock valued at $453,000 after purchasing an additional 3,493 shares during the period.

AIRO Group Trading Up 8.8%

Shares of AIRO Group stock opened at $5.67 on Tuesday. AIRO Group has a 52-week low of $4.53 and a 52-week high of $14.22. The company has a 50 day moving average of $6.24 and a 200 day moving average of $7.90.

AIRO Group (NASDAQ:AIRO) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $43.18 million during the quarter. AIRO Group had a negative net margin of 23.86% and a negative return on equity of 3.48%. On average, research analysts predict that AIRO Group will post -1.17 EPS for the current fiscal year.

AIRO Group Company Profile

AIRO Group Holdings, Inc is an aerospace and defense company focused on developing and delivering advanced aviation and autonomous systems. Its portfolio includes unmanned aircraft systems, electric vertical takeoff and landing (eVTOL) aircraft, electronic-warfare technologies, avionics and related training services.

The company’s unmanned systems are designed for applications such as intelligence, surveillance and reconnaissance, security, public safety and commercial operations. Its advanced air-mobility activities center on electric aircraft and associated technologies, while its electronic-warfare offerings support the detection, protection against and disruption of communications and other signals.