AIRO Group Holdings, Inc. (NASDAQ:AIRO) Receives $19.67 Consensus Price Target from Analysts

AIRO Group Holdings, Inc. (NASDAQ:AIRO) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $19.6667.

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

AIRO Group Price Performance

AIRO Group stock opened at $8.03 on Friday. The firm has a 50 day simple moving average of $7.92 and a 200-day simple moving average of $9.16. AIRO Group has a 1-year low of $5.71 and a 1-year high of $39.07. The stock has a market cap of $252.54 million and a price-to-earnings ratio of -17.09.

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

Insider Transactions at AIRO Group

In other AIRO Group news, COO John Uczekaj sold 3,415 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $8.84, for a total transaction of $30,188.60. Following the sale, the chief operating officer directly owned 20,111 shares in the company, valued at $177,781.24. This represents a 14.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Institutional Investors Weigh In On AIRO Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Fortress Investment Group LLC acquired a new stake in shares of AIRO Group in the 3rd quarter valued at $2,222,000. HighTower Advisors LLC grew its position in shares of AIRO Group by 936.8% in the 4th quarter. HighTower Advisors LLC now owns 666,176 shares of the company’s stock valued at $5,449,000 after buying an additional 601,924 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of AIRO Group in the 4th quarter valued at $173,000. Quadrature Capital Ltd purchased a new position in shares of AIRO Group in the 4th quarter valued at $134,000. Finally, Barclays PLC grew its position in shares of AIRO Group by 57.3% in the 4th quarter. Barclays PLC now owns 15,520 shares of the company’s stock valued at $127,000 after buying an additional 5,652 shares during the last quarter.

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.