Airship AI (NASDAQ:AISP) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Airship AI from “sell” to “hold,” while the broader analyst consensus remains “Reduce” with a $6.50 target price.
• Airship AI opened at $2.05, with a $70.6 million market capitalization and a share price near its 52-week low of $1.68. The company recently reported a quarterly loss of $0.04 per share and revenue of $4.12 million, both below expectations.
• Several institutional investors, including BlackRock and HSBC, recently initiated positions; institutional ownership totals 5.89% of the company’s stock.

Airship AI (NASDAQ:AISP - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday, Wall Street Zen reports.

Several other analysts have also commented on the stock. Weiss Ratings raised shares of Airship AI from a "sell (d)" rating to a "sell (d+)" rating in a research report on Friday, August 21st. Zacks Research raised shares of Airship AI from a "strong sell" rating to a "hold" rating in a research 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. Based on data from MarketBeat.com, Airship AI presently has a consensus rating of "Reduce" and a consensus target price of $6.50.

Airship AI Price Performance

Shares of NASDAQ:AISP opened at $2.05 on Friday. The company has a market capitalization of $70.60 million, a PE ratio of 3.06 and a beta of 0.61. The business has a fifty day moving average price of $2.07 and a two-hundred day moving average price of $2.38. Airship AI has a 1 year low of $1.68 and a 1 year high of $7.20.

Airship AI (NASDAQ:AISP - Get Free Report) last released 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). The business had revenue of $4.12 million for the quarter, compared to the consensus estimate of $5.00 million. Airship AI had a negative return on equity of 19.13% and a net margin of 144.60%. Sell-side analysts anticipate that Airship AI will post -0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC bought a new stake in shares of Airship AI during the second quarter valued at about $96,000. BlackRock Inc. bought a new position in shares of Airship AI in the second quarter valued at approximately $916,000. Bank of New York Mellon Corp bought a new position in shares of Airship AI in the second quarter valued at approximately $76,000. Lazard Asset Management LLC purchased a new position in Airship AI during the first quarter valued at approximately $419,000. Finally, Sei Investments Co. purchased a new position in Airship AI during the first quarter valued at approximately $84,000. Hedge funds and other institutional investors own 5.89% of the company's stock.

About Airship AI

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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