AIRO Group (NASDAQ:AIRO) Given "Sell (E-)" Rating at Weiss Ratings

Key Points

• AIRO Group has received a reiterated "sell (e-)" rating from Weiss Ratings, while other brokerages like Mizuho and Cantor Fitzgerald have given it "outperform" and "overweight" ratings respectively.
• The stock is currently trading at $19.88, which is down 0.6%, and it has a fifty-day moving average of $21.04.
• Insider transactions include Chairman Chirinjeev Kathuria and CEO Joseph D. Burns each selling 10% of their shares, reflecting significant insider movements within the company.

AIRO Group (NASDAQ:AIRO - Get Free Report)'s stock had its "sell (e-)" rating reiterated by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other brokerages have also commented on AIRO. Mizuho started coverage on AIRO Group in a research report on Tuesday, July 8th. They set an "outperform" rating and a $31.00 price objective on the stock. Cantor Fitzgerald set a $35.00 price target on AIRO Group and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Wall Street Zen upgraded AIRO Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, BTIG Research initiated coverage on AIRO Group in a research report on Tuesday, July 8th. They set a "buy" rating and a $26.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, AIRO Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.67.

AIRO Group Stock Down 0.6%

NASDAQ AIRO traded down $0.11 during trading on Wednesday, reaching $19.88. The company's stock had a trading volume of 322,487 shares, compared to its average volume of 1,347,959. The stock has a fifty day moving average of $21.04. AIRO Group has a one year low of $12.90 and a one year high of $39.07.

AIRO Group (NASDAQ:AIRO - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported $0.30 earnings per share for the quarter.

Insider Transactions at AIRO Group

In other news, Chairman Chirinjeev Kathuria sold 405,634 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $17.39, for a total value of $7,053,975.26. Following the completion of the transaction, the chairman owned 3,650,710 shares in the company, valued at $63,485,846.90. This trade represents a 10.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joseph D. Burns sold 179,800 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $17.39, for a total value of $3,126,722.00. Following the completion of the transaction, the chief executive officer owned 1,618,202 shares of the company's stock, valued at approximately $28,140,532.78. The trade was a 10.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,097,026 shares of company stock worth $19,077,282.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Newbridge Financial Services Group Inc. purchased a new position in shares of AIRO Group in the second quarter worth $91,000. HRT Financial LP bought a new stake in shares of AIRO Group in the second quarter worth $2,507,000. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of AIRO Group in the second quarter worth $451,000. Bank of America Corp DE bought a new stake in shares of AIRO Group in the second quarter worth $60,000. Finally, Raymond James Financial Inc. bought a new stake in shares of AIRO Group in the second quarter worth $43,000.

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.

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