AIRO Group Holdings, Inc. (NASDAQ:AIRO) Receives Average Rating of “Hold” from Analysts

Shares of AIRO Group Holdings, Inc. (NASDAQ:AIRO) have been assigned a consensus recommendation of “Hold” from the five research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $19.6667.

Several analysts recently commented on the stock. Zacks Research upgraded shares of AIRO Group to a “hold” rating in a research note on Wednesday, April 15th. Wall Street Zen downgraded shares of AIRO Group from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings restated a “sell (e+)” rating on shares of AIRO Group in a report on Friday, May 29th. Finally, BTIG Research restated a “neutral” rating on shares of AIRO Group in a report on Wednesday, April 8th.

AIRO Group Stock Down 11.5%

Shares of NASDAQ AIRO opened at $8.29 on Friday. AIRO Group has a 52 week low of $5.71 and a 52 week high of $39.07. The firm has a 50-day moving average price of $7.93 and a 200 day moving average price of $9.19. The stock has a market capitalization of $260.72 million and a price-to-earnings ratio of -17.64.

AIRO Group (NASDAQ:AIRO) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.49) EPS for the quarter. AIRO Group had a negative net margin of 19.98% and a negative return on equity of 2.44%. The company had revenue of $8.90 million during the quarter. Equities research analysts expect that AIRO Group will post -0.63 EPS for the current fiscal year.

Insider Buying and Selling at AIRO Group

In other AIRO Group news, COO John Uczekaj sold 3,415 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $8.84, for a total transaction of $30,188.60. Following the completion of the transaction, the chief operating officer owned 20,111 shares of the company’s stock, valued at approximately $177,781.24. This trade represents a 14.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mariya Pylypiv sold 20,078 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $10.26, for a total value of $206,000.28. Following the transaction, the chief financial officer directly owned 49,887 shares of the company’s stock, valued at $511,840.62. The trade was a 28.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 23,889 shares of company stock valued at $240,319 in the last three months.

Hedge Funds Weigh In On AIRO Group

Several hedge funds have recently bought and sold shares of AIRO. Woodline Partners LP grew its holdings in shares of AIRO Group by 41.0% during the third quarter. Woodline Partners LP now owns 2,753,067 shares of the company’s stock worth $52,859,000 after buying an additional 800,456 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of AIRO Group during the third quarter worth about $15,030,000. HighTower Advisors LLC grew its holdings in shares of AIRO Group by 936.8% during the fourth quarter. HighTower Advisors LLC now owns 666,176 shares of the company’s stock worth $5,449,000 after buying an additional 601,924 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of AIRO Group by 406.0% during the third quarter. Vanguard Group Inc. now owns 505,951 shares of the company’s stock worth $9,714,000 after buying an additional 405,951 shares in the last quarter. Finally, UBS Group AG grew its stake in AIRO Group by 246.9% in the 3rd quarter. UBS Group AG now owns 250,733 shares of the company’s stock worth $4,814,000 after acquiring an additional 178,460 shares during the period.

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.