AIRO Group Holdings, Inc. (NASDAQ:AIRO) Receives $17.33 Consensus PT from Brokerages

Shares of AIRO Group Holdings, Inc. (NASDAQ:AIRO) have been given a consensus rating of “Hold” by the five analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $17.3333.

Several research analysts have recently commented on the company. Wall Street Zen upgraded AIRO Group from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Mizuho dropped their target price on AIRO Group from $16.00 to $13.00 and set an “outperform” rating for the company in a report on Tuesday, July 21st. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of AIRO Group in a research report on Wednesday, August 26th.

AIRO Group Stock Performance

AIRO stock opened at $7.19 on Monday. The firm has a market cap of $226.92 million, a P/E ratio of -8.66 and a beta of 2.02. The firm’s fifty day moving average is $7.52 and its 200 day moving average is $8.02. AIRO Group has a 52 week low of $5.71 and a 52 week high of $22.47.

AIRO Group (NASDAQ:AIRO) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.06) earnings per share for the quarter. AIRO Group had a negative return on equity of 3.48% and a negative net margin of 23.86%.The business had revenue of $43.18 million during the quarter. As a group, analysts forecast that AIRO Group will post -1.04 EPS for the current year.

Insider Buying and Selling

In other news, COO John Uczekaj sold 7,230 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $7.10, for a total value of $51,333.00. Following the transaction, the chief operating officer owned 214,342 shares in the company, valued at approximately $1,521,828.20. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 AIRO Group stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 267,333 shares in the company, valued at approximately $1,892,717.64. The trade was a 3.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 32,968 shares of company stock valued at $278,244. Insiders own 22.90% of the company’s stock.

Hedge Funds Weigh In On AIRO Group

Hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of AIRO Group during the second quarter worth about $9,609,000. HighTower Advisors LLC increased its holdings in AIRO Group by 936.8% during the 4th quarter. HighTower Advisors LLC now owns 666,176 shares of the company’s stock valued at $5,449,000 after purchasing an additional 601,924 shares during the period. MYDA Advisors LLC bought a new position in AIRO Group during the 4th quarter valued at approximately $1,963,000. Bank of America Corp DE raised its position in AIRO Group by 35.4% during 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. Finally, Royal Bank of Canada lifted its holdings in AIRO Group by 373.3% in the 1st quarter. Royal Bank of Canada now owns 63,803 shares of the company’s stock worth $485,000 after buying an additional 50,322 shares during the period.

AIRO Group Company Profile

AIRO Group Holdings, Inc is an aerospace and defense company focused on developing and delivering advanced aviation, unmanned systems and defense technologies. Its business activities span electric vertical takeoff and landing (eVTOL) aircraft, drones and robotic systems, avionics, electronic warfare and related aerospace solutions.

Through its operating businesses, AIRO Group supports applications including urban and regional air mobility, unmanned aerial operations, military and homeland-security missions, and pilot or operator training.