AIRO Group Holdings, Inc. (NASDAQ:AIRO) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of AIRO Group Holdings, Inc. (NASDAQ:AIRO) have been assigned an average rating of “Hold” from the five brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $16.67.

Several 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 report on Saturday, August 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of AIRO Group in a report on Wednesday, August 26th. Finally, Mizuho reduced their target price on shares of AIRO Group from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday.

AIRO Group Trading Up 1.1%

Shares of NASDAQ AIRO opened at $5.49 on Friday. AIRO Group has a 1-year low of $4.97 and a 1-year high of $22.47. The business’s 50 day moving average is $7.40 and its 200-day moving average is $7.52.

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

Insider Transactions at AIRO Group

In other AIRO Group news, CFO Mariya Pylypiv sold 8,697 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $7.08, for a total value of $61,574.76. Following the completion of the sale, the chief financial officer owned 267,333 shares of the company’s stock, valued at $1,892,717.64. The trade was a 3.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $9.72, for a total transaction of $164,141.64. Following the completion of the sale, the chief operating officer directly owned 221,572 shares of the company’s stock, valued at $2,153,679.84. This represents a 7.08% 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. Over the last ninety days, insiders have sold 32,814 shares of company stock worth $277,049. 22.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AIRO. First Trust Advisors LP raised its position 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 buying an additional 3,493 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in AIRO Group during the fourth quarter worth approximately $30,000. AXQ Capital LP acquired a new stake in AIRO Group during the second quarter worth approximately $86,000. Private Advisor Group LLC bought a new position in AIRO Group during the 1st quarter worth $139,000. Finally, Ieq Capital LLC bought a new position in AIRO Group during the 2nd quarter worth $147,000.

About AIRO Group

AIRO Group (NASDAQ: AIRO) is an aviation, aerospace and defense company that develops and provides technologies for crewed and uncrewed aircraft. Its business activities span drones and robotics, advanced air mobility, avionics and aviation training.

The company’s drone and robotics operations focus on unmanned aerial systems and related solutions for commercial, public-sector and defense applications. Its advanced air mobility business is developing electric vertical takeoff and landing aircraft, while its avionics operations provide aircraft electronics and flight-related systems.