AIRO Group (NASDAQ:AIRO) Lowered to Sell Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded AIRO Group from a "hold" to a "sell," while analyst views remain mixed overall with a MarketBeat consensus rating of "Hold" and a $19.67 average price target.
• AIRO shares opened at $7.88 (12‑month low $7.28, high $39.07), the company has a market cap of about $247.7M and a very high P/E of 394, highlighting recent volatility and valuation concerns.
• Insiders have been selling: the COO and CFO recently sold shares and insiders disposed of 23,889 shares (≈$240,319) in the past 90 days, partly to cover tax withholding on vested awards.

AIRO Group (NASDAQ:AIRO - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

A number of other equities analysts have also weighed in on the stock. Mizuho reduced their target price on shares of AIRO Group from $25.00 to $20.00 and set an "outperform" rating for the company in a research note on Monday, January 5th. Weiss Ratings reaffirmed a "sell (e)" rating on shares of AIRO Group in a research note on Monday, December 29th. Finally, BTIG Research reaffirmed a "neutral" rating on shares of AIRO Group in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $19.67.

AIRO Group Stock Down 2.5%

Shares of AIRO stock opened at $7.88 on Friday. AIRO Group has a 12-month low of $7.28 and a 12-month high of $39.07. The firm has a market capitalization of $247.67 million and a price-to-earnings ratio of 394.00. The firm has a fifty day moving average of $9.50 and a 200-day moving average of $11.74.

AIRO Group (NASDAQ:AIRO - Get Free Report) last announced its earnings results on Tuesday, March 31st. The company reported $0.02 earnings per share for the quarter. The company had revenue of $48.28 million during the quarter.

Insiders Place Their Bets

In related news, COO John Uczekaj sold 3,415 shares of the company's stock in a transaction on Monday, April 6th. The shares were sold at an average price of $8.84, for a total value of $30,188.60. Following the completion of the transaction, the chief operating officer directly owned 20,111 shares of the company's stock, valued at approximately $177,781.24. This represents a 14.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 dated Thursday, March 12th. The stock was sold at an average price of $10.26, for a total transaction of $206,000.28. Following the sale, the chief financial officer directly owned 49,887 shares in the company, valued at $511,840.62. This trade represents a 28.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 23,889 shares of company stock valued at $240,319.

Institutional Investors Weigh In On AIRO Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Strs Ohio bought a new stake in AIRO Group during the 3rd quarter worth about $25,000. Leonteq Securities AG bought a new stake in AIRO Group during the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in AIRO Group during the 4th quarter worth about $30,000. Raymond James Financial Inc. bought a new stake in AIRO Group during the 2nd quarter worth about $43,000. Finally, New York State Common Retirement Fund bought a new stake in AIRO Group during the 4th quarter worth about $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. 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.

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