AIRO Group (NASDAQ:AIRO) Raised to Sell at Wall Street Zen

Key Points

• Wall Street Zen upgraded AIRO Group from “strong sell” to “sell,” while the broader analyst consensus remains “Hold,” with an average price target of $17.33.
• AIRO Group reported a quarterly loss of $0.06 per share on revenue of $43.18 million. The company continues to post negative profitability metrics, including a 23.86% net margin, and analysts expect a full-year loss of $1.04 per share.
• The stock opened at $9.57, with a market capitalization of about $300.9 million and a one-year trading range of $5.71 to $25.90; CFO Mariya Pylypiv also sold shares primarily to cover tax withholding obligations.

AIRO Group (NASDAQ:AIRO - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a report issued on Saturday.

Several other analysts also recently weighed in on the stock. Mizuho dropped their target price on shares of AIRO Group from $16.00 to $13.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 21st. Weiss Ratings reissued a "sell (e+)" rating on shares of AIRO Group in a report on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $17.33.

AIRO Group Stock Performance

AIRO Group stock opened at $9.57 on Friday. The stock has a market cap of $300.94 million, a PE ratio of -20.36 and a beta of 1.90. The stock has a 50-day moving average of $7.46 and a two-hundred day moving average of $8.38. AIRO Group has a one year low of $5.71 and a one year high of $25.90.

AIRO Group (NASDAQ:AIRO - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $43.18 million for the quarter. AIRO Group had a negative return on equity of 3.47% and a negative net margin of 23.86%. As a group, sell-side analysts predict that AIRO Group will post -1.04 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Mariya Pylypiv sold 30,028 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $7.66, for a total value of $230,014.48. Following the transaction, the chief financial officer owned 80,188 shares in the company, valued at approximately $614,240.08. This represents a 27.24% decrease in their position. The sale was disclosed in a filing 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. Company insiders own 22.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Leonteq Securities AG acquired a new position in shares of AIRO Group in the 4th quarter valued at about $25,000. Caitong International Asset Management Co. Ltd purchased a new position in AIRO Group during the fourth quarter valued at approximately $30,000. Raymond James Financial Inc. purchased a new position in AIRO Group during the second quarter valued at approximately $43,000. New York State Common Retirement Fund acquired a new position in AIRO Group in the fourth quarter valued at approximately $43,000. Finally, JPMorgan Chase & Co. purchased a new stake in AIRO Group in the 3rd quarter worth approximately $54,000.

AIRO Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source