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

Key Points

• AIRO Group's stock received a "sell (E-)" rating from Weiss Ratings, indicating concerns about its performance.
• Despite the sell rating, other analysts have a more positive view, with three analysts assigning buy ratings and a consensus price target of $30.67 for the stock.
• The stock traded at $17.57 recently, positioning it significantly below its 1-year high of $39.07, suggesting potential volatility in its trading performance.

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

Other research analysts have also issued reports about the stock. Wall Street Zen raised shares of AIRO Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. BTIG Research initiated coverage on shares of AIRO Group in a report on Tuesday, July 8th. They issued a "buy" rating and a $26.00 target price on the stock. Mizuho initiated coverage on shares of AIRO Group in a report on Tuesday, July 8th. They issued an "outperform" rating and a $31.00 target price on the stock. Finally, Cantor Fitzgerald set a $35.00 target price on shares of AIRO Group and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $30.67.

AIRO Group Stock Performance

Shares of NASDAQ AIRO traded up $0.32 during midday trading on Friday, hitting $17.57. The company's stock had a trading volume of 231,820 shares, compared to its average volume of 1,307,154. AIRO Group has a 1-year low of $12.90 and a 1-year high of $39.07. The business has a fifty day simple moving average of $20.38.

AIRO Group (NASDAQ:AIRO - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.30 earnings per share (EPS) for the quarter. The firm had revenue of $24.55 million for the quarter.

Insider Activity

In other news, COO John Uczekaj sold 2,225 shares of the business'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 transaction of $38,692.75. Following the sale, the chief operating officer owned 20,030 shares in the company, valued at $348,321.70. The trade was a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder New Generation Aerospace, Llc sold 405,634 shares of the company'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 transaction of $7,053,975.26. Following the completion of the transaction, the insider owned 3,650,710 shares in the company, valued at approximately $63,485,846.90. This represents a 10.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,097,026 shares of company stock worth $19,077,282 over the last three months.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AIRO. Raymond James Financial Inc. acquired a new position in AIRO Group in the 2nd quarter valued at approximately $43,000. Bank of America Corp DE acquired a new position in AIRO Group in the 2nd quarter valued at approximately $60,000. Manchester Capital Management LLC bought a new stake in AIRO Group in the second quarter worth approximately $86,000. Newbridge Financial Services Group Inc. bought a new stake in AIRO Group in the second quarter worth approximately $91,000. Finally, SG Americas Securities LLC bought a new stake in AIRO Group in the third quarter worth approximately $104,000.

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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