AIRO Group’s (AIRO) “Neutral” Rating Reiterated at BTIG Research

AIRO Group (NASDAQ:AIRO)‘s stock had its “neutral” rating reiterated by equities research analysts at BTIG Research in a research note issued to investors on Wednesday,Benzinga reports.

Other equities analysts also recently issued reports about the company. Mizuho lowered their target price on AIRO Group from $25.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Wall Street Zen upgraded AIRO Group from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Finally, Weiss Ratings reiterated a “sell (e)” rating on shares of AIRO Group in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, AIRO Group presently has an average rating of “Hold” and a consensus price target of $19.67.

AIRO Group Price Performance

Shares of AIRO opened at $8.74 on Wednesday. AIRO Group has a one year low of $7.28 and a one year high of $39.07. The firm has a market capitalization of $274.74 million and a P/E ratio of 437.00. The business has a fifty day moving average of $9.66 and a 200 day moving average of $11.87.

AIRO Group (NASDAQ:AIRO) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.02 EPS for the quarter. The firm had revenue of $48.28 million during the quarter.

Insider Buying and Selling at AIRO Group

In related news, COO John Uczekaj sold 3,415 shares of AIRO Group 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 transaction, the chief operating officer directly owned 20,111 shares in the company, valued at approximately $177,781.24. The trade was a 14.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 AIRO Group stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $10.26, for a total value of $206,000.28. Following the transaction, the chief financial officer owned 49,887 shares in the company, valued at $511,840.62. This trade represents a 28.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 23,889 shares of company stock worth $240,319 over the last quarter.

Hedge Funds Weigh In On AIRO Group

Large investors have recently made changes to their positions in the business. Fortress Investment Group LLC purchased a new position in shares of AIRO Group in the third quarter valued at about $2,222,000. Ilex Capital Partners UK LLP purchased a new position in shares of AIRO Group in the second quarter valued at about $18,750,000. Strs Ohio purchased a new position in shares of AIRO Group in the third quarter valued at about $25,000. SG Americas Securities LLC purchased a new position in shares of AIRO Group in the third quarter valued at about $104,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of AIRO Group in the second quarter valued at about $91,000.

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.