AIRO Group's (AIRO) "Neutral" Rating Reiterated at BTIG Research

Key Points

• BTIG Research reiterated a "Neutral" rating on AIRO; consensus from four analysts sits at an overall Hold with an average target price of $19.67 (Mizuho recently cut its target to $20).
• Shares trade around $8.74 with a market cap of $274.7M and an elevated P/E of 437, well below the average analyst target and far from its 12‑month high of $39.07.
• Insiders have sold 23,889 shares (~$240K) recently (including the CFO), while institutions — notably Ilex Capital Partners — added large new stakes (Ilex ~ $18.75M), indicating mixed insider versus institutional sentiment.

AIRO Group (NASDAQ:AIRO - Get Free Report)'s stock had its "neutral" rating reissued by stock analysts at BTIG Research in a report issued on Wednesday,Benzinga reports.

Several other brokerages also recently issued reports on AIRO. Weiss Ratings reiterated a "sell (e)" rating on shares of AIRO Group in a research note on Monday, December 29th. Wall Street Zen raised AIRO Group from a "sell" rating to a "hold" rating in a report on Saturday, December 20th. Finally, Mizuho reduced their target price on AIRO Group from $25.00 to $20.00 and set an "outperform" rating for the company in a report on Monday, January 5th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $19.67.

AIRO Group Stock Down 0.1%

AIRO Group stock opened at $8.74 on Wednesday. The company has a market capitalization of $274.74 million and a P/E ratio of 437.00. The stock's 50 day moving average is $9.66 and its 200 day moving average is $11.87. AIRO Group has a twelve month low of $7.28 and a twelve month high of $39.07.

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

Insiders Place Their Bets

In other AIRO Group news, CFO Mariya Pylypiv sold 20,078 shares of AIRO Group stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $10.26, for a total value of $206,000.28. Following the completion of the sale, the chief financial officer owned 49,887 shares of the company's stock, valued at approximately $511,840.62. This trade represents a 28.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO John Uczekaj sold 3,415 shares of AIRO Group stock in a transaction on Monday, April 6th. The stock was sold at an average price of $8.84, for a total value of $30,188.60. Following the completion of the sale, the chief operating officer directly owned 20,111 shares of the company's stock, valued at approximately $177,781.24. The trade was a 14.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 23,889 shares of company stock valued at $240,319.

Institutional Trading of AIRO Group

Several large investors have recently modified their holdings of AIRO. Geode Capital Management LLC bought a new stake in shares of AIRO Group in the second quarter worth $355,000. Creative Planning bought a new stake in shares of AIRO Group in the second quarter worth $217,000. Norges Bank bought a new stake in shares of AIRO Group in the second quarter worth $481,000. WINTON GROUP Ltd bought a new stake in shares of AIRO Group in the second quarter worth $298,000. Finally, Ilex Capital Partners UK LLP bought a new stake in shares of AIRO Group in the second quarter worth $18,750,000.

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.

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