AIRO Group (NASDAQ:AIRO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of AIRO Group (NASDAQ:AIRO) from a strong sell rating to a sell rating in a report published on Saturday.

A number of other research firms have also recently weighed in on AIRO. Mizuho decreased their price objective on AIRO Group from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Tuesday, July 21st. Weiss Ratings reissued a “sell (e+)” rating on shares of AIRO Group in a report on Friday, May 29th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, AIRO Group currently has a consensus rating of “Hold” and an average price target of $17.33.

AIRO Group Trading Down 1.7%

AIRO stock opened at $9.41 on Friday. The company has a market capitalization of $295.91 million, a P/E ratio of -20.02 and a beta of 1.90. The business has a 50 day simple moving average of $7.48 and a 200-day simple moving average of $8.35. AIRO Group has a twelve month low of $5.71 and a twelve month high of $25.90.

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

Insider Transactions at AIRO Group

In other AIRO Group news, CFO Mariya Pylypiv sold 30,028 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $7.66, for a total value of $230,014.48. Following the completion of the transaction, the chief financial officer directly owned 80,188 shares of the company’s stock, valued at approximately $614,240.08. This trade represents a 27.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO John Uczekaj sold 16,887 shares of AIRO Group 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. The trade was a 7.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 47,069 shares of company stock valued at $395,351. 22.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AIRO Group

Hedge funds have recently bought and sold shares of the company. Leonteq Securities AG purchased a new stake in AIRO Group during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of AIRO Group in the fourth quarter valued at $30,000. Raymond James Financial Inc. purchased a new position in shares of AIRO Group in the second quarter valued at $43,000. New York State Common Retirement Fund acquired a new position in shares of AIRO Group during the 4th quarter worth $43,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of AIRO Group during the 3rd quarter worth $54,000.

AIRO Group Company Profile

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.