Airship AI (NASDAQ:AISP) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Airship AI from “hold” to “sell.” Other analyst ratings leave the stock with a consensus “Reduce” rating and an average price target of $6.50.
• Airship AI reported quarterly revenue of $4.12 million, below the $5.00 million estimate, and posted an adjusted loss of $0.04 per share versus expectations of $0.03.
• The stock opened at $1.96, near its 52-week low of $1.69 and well below its $7.20 high; institutional investors own 5.89% of the company.

Airship AI (NASDAQ:AISP - Get Free Report) was downgraded by investment 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 research firms have also weighed in on AISP. Weiss Ratings reiterated a "sell (d)" rating on shares of Airship AI in a report on Friday, August 7th. Roth Capital set a $6.50 target price on Airship AI in a report on Monday, April 27th. Finally, Zacks Research upgraded shares of Airship AI from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average target price of $6.50.

Airship AI Stock Performance

Shares of AISP opened at $1.96 on Friday. Airship AI has a fifty-two week low of $1.69 and a fifty-two week high of $7.20. The firm has a market cap of $67.50 million, a price-to-earnings ratio of 2.93 and a beta of 0.58. The firm has a 50 day moving average price of $2.28 and a 200-day moving average price of $2.46.

Airship AI (NASDAQ:AISP - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). Airship AI had a negative return on equity of 19.13% and a net margin of 144.60%.The business had revenue of $4.12 million during the quarter, compared to analysts' expectations of $5.00 million. As a group, equities research analysts predict that Airship AI will post -0.06 earnings per share for the current year.

Institutional Trading of Airship AI

A number of institutional investors and hedge funds have recently modified their holdings of AISP. BlackRock Inc. purchased a new position in Airship AI during the second quarter valued at $916,000. Bank of New York Mellon Corp purchased a new position in Airship AI during the 2nd quarter valued at approximately $76,000. Lazard Asset Management LLC purchased a new position in shares of Airship AI in the first quarter valued at $419,000. Sei Investments Co. purchased a new stake in shares of Airship AI during the 1st quarter valued at about $84,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Airship AI in the 1st quarter valued at approximately $115,000. Institutional investors own 5.89% of the company's stock.

Airship AI Company Profile

Airship AI Holdings, Inc offers AI-driven video, sensor, and data management surveillance platform in the United States. The company provides Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost for high-definition recording with user defined low-bit rate video stream encoding. It serves government, public sector, law enforcement, military, and commercial enterprise organizations.

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