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

AIRO Group Holdings, Inc. (NASDAQ:AIROGet Free Report) has earned a consensus rating of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $19.6667.

A number of analysts recently weighed in on AIRO shares. Wall Street Zen downgraded AIRO Group from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Zacks Research upgraded AIRO Group to a “hold” rating in a research note on Wednesday, April 15th. Finally, BTIG Research restated a “neutral” rating on shares of AIRO Group in a research note on Wednesday, April 8th.

Read Our Latest Stock Report on AIRO Group

AIRO Group Price Performance

AIRO Group stock opened at $6.37 on Tuesday. AIRO Group has a 1-year low of $6.11 and a 1-year high of $39.07. The company has a market cap of $200.27 million and a PE ratio of 318.50. The stock’s 50 day moving average price is $8.64 and its 200 day moving average price is $9.91.

AIRO Group (NASDAQ:AIROGet Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($0.49) earnings per share for the quarter. The company had revenue of $8.90 million during the quarter. On average, equities research analysts anticipate that AIRO Group will post -0.63 EPS for the current fiscal year.

Key AIRO Group News

Here are the key news stories impacting AIRO Group this week:

Insiders Place Their Bets

In other AIRO Group news, COO John Uczekaj sold 3,415 shares of the business’s 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 sale, 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 can be accessed through this link. 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 the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $10.26, for a total value of $206,000.28. Following the sale, the chief financial officer owned 49,887 shares in the company, valued at approximately $511,840.62. The trade was a 28.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 23,889 shares of company stock worth $240,319.

Institutional Trading of AIRO Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio purchased a new stake in shares of AIRO Group in the third quarter valued at $25,000. Raymond James Financial Inc. acquired a new position in AIRO Group in the second quarter valued at $43,000. Bank of America Corp DE acquired a new position in AIRO Group in the second quarter valued at $60,000. JPMorgan Chase & Co. acquired a new stake in AIRO Group during the third quarter worth about $54,000. Finally, Leonteq Securities AG acquired a new stake in AIRO Group during the fourth quarter worth about $25,000.

About AIRO Group

(Get Free Report)

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.

See Also

Analyst Recommendations for AIRO Group (NASDAQ:AIRO)

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