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

AIRO Group Holdings, Inc. (NASDAQ:AIRO) has been given a consensus rating of “Hold” by the five research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $17.3333.

Several research firms have recently issued reports on AIRO. Mizuho lowered their price objective on AIRO Group from $16.00 to $13.00 and set an “outperform” rating for the company in a research note on Tuesday, July 21st. Wall Street Zen raised AIRO Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of AIRO Group in a report on Wednesday, August 26th.

Insiders Place Their Bets

In other news, CFO Mariya Pylypiv sold 8,697 shares of the stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $7.08, for a total value of $61,574.76. Following the sale, the chief financial officer owned 267,333 shares of the company’s stock, valued at approximately $1,892,717.64. This represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 firm’s stock in a transaction dated Friday, August 14th. The stock was 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 owned 221,572 shares of the company’s stock, valued at $2,153,679.84. This trade represents a 7.08% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 32,968 shares of company stock worth $278,244 in the last quarter. Company insiders own 22.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of AIRO Group in the second quarter worth approximately $9,609,000. MYDA Advisors LLC purchased a new position in AIRO Group during the 4th quarter valued at $1,963,000. HighTower Advisors LLC boosted its holdings in AIRO Group by 936.8% during the 4th quarter. HighTower Advisors LLC now owns 666,176 shares of the company’s stock valued at $5,449,000 after acquiring an additional 601,924 shares during the period. Ieq Capital LLC bought a new position in AIRO Group in the 2nd quarter valued at $147,000. Finally, AXQ Capital LP bought a new position in AIRO Group in the 4th quarter valued at $96,000.

AIRO Group Price Performance

AIRO Group stock opened at $7.00 on Monday. The company’s 50-day moving average price is $7.55 and its 200-day moving average price is $7.98. AIRO Group has a twelve month low of $5.71 and a twelve month high of $22.47. The company has a market cap of $220.92 million, a PE ratio of -8.43 and a beta of 2.02.

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

AIRO Group Company Profile

AIRO Group Holdings, Inc is an aerospace and defense company focused on developing and delivering advanced aviation, unmanned systems and defense technologies. Its business activities span electric vertical takeoff and landing (eVTOL) aircraft, drones and robotic systems, avionics, electronic warfare and related aerospace solutions.

Through its operating businesses, AIRO Group supports applications including urban and regional air mobility, unmanned aerial operations, military and homeland-security missions, and pilot or operator training.