AIRO Group (NASDAQ:AIRO) Upgraded to "Hold" at Wall Street Zen

Key Points

• AIRO Group was upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting a change in analyst sentiment regarding the stock's performance.
• Other analysts, including Cantor Fitzgerald and Mizuho, have set price targets of $35.00 and $31.00 respectively, indicating positive expectations for AIRO Group's stock value.
• Shares of AIRO Group opened at $22.11 and have seen a 52-week range between $12.90 and $39.07, highlighting the stock's volatility over the past year.

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

Several other analysts also recently commented on the stock. BTIG Research began coverage on shares of AIRO Group in a report on Tuesday, July 8th. They set a "buy" rating and a $26.00 target price for the company. Mizuho began coverage on shares of AIRO Group in a report on Tuesday, July 8th. They set an "outperform" rating and a $31.00 target price for the company. 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 analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $30.67.

AIRO Group Price Performance

Shares of AIRO traded down $1.49 during midday trading on Friday, reaching $21.43. The stock had a trading volume of 171,308 shares, compared to its average volume of 1,569,611. The company's 50 day simple moving average is $22.98. 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 quarterly earnings data on Wednesday, August 13th. The company reported $0.30 EPS for the quarter.

Institutional Trading of AIRO Group

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

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.