Airship AI (NASDAQ:AISP) Announces Earnings Results

Airship AI (NASDAQ:AISP) announced its quarterly earnings data on Thursday. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04), FiscalAI reports. The business had revenue of $4.12 million for the quarter, compared to analyst estimates of $5.00 million.

Airship AI Trading Up 0.5%

Airship AI stock traded up $0.01 during mid-day trading on Thursday, hitting $1.92. The company had a trading volume of 462,632 shares, compared to its average volume of 352,740. Airship AI has a 12-month low of $1.69 and a 12-month high of $7.20. The company’s fifty day moving average is $2.40 and its 200-day moving average is $2.53. The company has a market capitalization of $66.12 million, a price-to-earnings ratio of -192.00 and a beta of 0.58.

Analysts Set New Price Targets

Several brokerages recently issued reports on AISP. Zacks Research raised shares of Airship AI from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Wall Street Zen raised shares of Airship AI from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Roth Capital set a $6.50 price target on Airship AI in a research report on Monday, April 27th. Finally, Weiss Ratings lowered Airship AI from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $6.50.

Hedge Funds Weigh In On Airship AI

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Airship AI by 18.2% during the third quarter. Vanguard Group Inc. now owns 1,269,819 shares of the company’s stock worth $6,565,000 after buying an additional 195,760 shares in the last quarter. Geode Capital Management LLC increased its holdings in Airship AI by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 498,501 shares of the company’s stock valued at $1,441,000 after buying an additional 23,013 shares in the last quarter. State Street Corp increased its holdings in Airship AI by 6.8% in the fourth quarter. State Street Corp now owns 345,034 shares of the company’s stock valued at $997,000 after buying an additional 22,069 shares in the last quarter. Nuveen LLC raised its position in shares of Airship AI by 119.0% in the fourth quarter. Nuveen LLC now owns 330,509 shares of the company’s stock worth $955,000 after acquiring an additional 179,580 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Airship AI by 1,177.9% in the fourth quarter. AQR Capital Management LLC now owns 243,261 shares of the company’s stock worth $703,000 after acquiring an additional 224,225 shares during the period. 5.89% of the stock is owned by hedge funds and other institutional investors.

About Airship AI

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.