Airship AI (NASDAQ:AISP) Rating Lowered to Sell at Wall Street Zen

Airship AI (NASDAQ:AISP) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

AISP has been the topic of several other reports. Weiss Ratings reissued a “sell (d)” rating on shares of Airship AI in a research report on Friday, August 7th. Roth Capital set a $6.50 price objective on Airship AI in a research report on Monday, April 27th. Finally, Zacks Research raised Airship AI from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Airship AI has a consensus rating of “Reduce” and an average target price of $6.50.

Airship AI Stock Performance

NASDAQ AISP opened at $1.96 on Friday. The firm’s 50 day moving average price is $2.28 and its two-hundred day moving average price is $2.46. Airship AI has a twelve month low of $1.69 and a twelve month high of $7.20. The stock has a market cap of $67.50 million, a price-to-earnings ratio of 2.93 and a beta of 0.58.

Airship AI (NASDAQ:AISP) last released its earnings results on Thursday, August 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The business had revenue of $4.12 million during the quarter, compared to analysts’ expectations of $5.00 million. Airship AI had a net margin of 144.60% and a negative return on equity of 19.13%. On average, research analysts forecast that Airship AI will post -0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Airship AI

A number of institutional investors have recently modified their holdings of AISP. Mariner LLC grew its stake in Airship AI by 32.5% in the fourth quarter. Mariner LLC now owns 16,854 shares of the company’s stock valued at $49,000 after purchasing an additional 4,134 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Airship AI by 90.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,567 shares of the company’s stock worth $56,000 after purchasing an additional 4,556 shares in the last quarter. Quarry LP purchased a new stake in shares of Airship AI during the 3rd quarter worth about $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Airship AI by 150.5% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,932 shares of the company’s stock valued at $64,000 after buying an additional 6,568 shares during the last quarter. Finally, Kovack Advisors Inc. acquired a new stake in shares of Airship AI during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 5.89% of the company’s stock.

Airship AI Company Profile

Airship AI Holdings, Inc offers AI-driven video, sensor, and data management surveillance platform in the United States. The company provides Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost for high-definition recording with user defined low-bit rate video stream encoding. It serves government, public sector, law enforcement, military, and commercial enterprise organizations.