AIRO Group (NASDAQ:AIRO) Issues Quarterly Earnings Results

Key Points

• AIRO Group reported $0.30 earnings per share (EPS) for the latest quarter, indicating a solid financial performance.
• Shares of AIRO Group traded at $21.74 after an increase of $0.82 during mid-day trading, and the stock has a 52-week range between $12.90 and $39.07.
• Several analysts have set target prices for AIRO Group, with Cantor Fitzgerald marking it at $35.00, while Wall Street Zen downgraded it from a "hold" to a "sell" rating.

AIRO Group (NASDAQ:AIRO - Get Free Report) issued its earnings results on Wednesday. The company reported $0.30 earnings per share (EPS) for the quarter, Zacks reports.

AIRO Group Stock Performance

Shares of AIRO Group stock traded up $0.94 on Monday, hitting $23.05. 360,606 shares of the company's stock traded hands, compared to its average volume of 1,600,271. AIRO Group has a one year low of $12.90 and a one year high of $39.07.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen raised AIRO Group from a "sell" rating to a "hold" rating in a report on Saturday. Mizuho began coverage on AIRO Group in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $31.00 price target for the company. BTIG Research began coverage on AIRO Group in a research note on Tuesday, July 8th. They issued a "buy" rating and a $26.00 price target for the company. Finally, Cantor Fitzgerald set a $35.00 price target on AIRO Group and gave the company an "overweight" rating in a research note on Tuesday, July 15th.

Institutional Investors Weigh In On AIRO Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. HRT Financial LP bought a new stake in shares of AIRO Group during the 2nd quarter valued at about $2,507,000. Norges Bank bought a new stake in shares of AIRO Group during the 2nd quarter valued at about $481,000. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of AIRO Group during the 2nd quarter valued at about $451,000. Geode Capital Management LLC bought a new stake in shares of AIRO Group during the 2nd quarter valued at about $355,000. Finally, WINTON GROUP Ltd bought a new stake in shares of AIRO Group during the 2nd quarter valued at about $298,000.

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.