AIRO Group Holdings, Inc. (NASDAQ:AIRO) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on AIRO Group, with one sell, two hold, and two buy recommendations. The average 12-month price target is $17.33, although Mizuho recently lowered its target from $16 to $13 while maintaining an “outperform” rating.
• AIRO Group’s stock opened at $7.25, near the lower end of its 52-week range of $5.71 to $22.47. The company reported a quarterly loss of $0.06 per share on $43.18 million in revenue and remains unprofitable.
• Insiders sold 62,996 shares worth approximately $508,000 over the past 90 days, primarily to cover tax obligations tied to vested equity awards. Meanwhile, several institutional investors initiated or increased positions, including Bank of America, which acquired a stake valued at about $1.48 million.

Shares of AIRO Group Holdings, Inc. (NASDAQ:AIRO - Get Free Report) have received an average recommendation of "Hold" from the five research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $17.3333.

Several brokerages recently issued reports on AIRO. Mizuho cut their price target on AIRO Group from $16.00 to $13.00 and set an "outperform" rating for the company in a research note on Tuesday, July 21st. Wall Street Zen upgraded AIRO Group from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of AIRO Group in a research report on Wednesday, August 26th.

Insider Activity at AIRO Group

In other news, COO John Uczekaj sold 16,887 shares of the company's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $9.72, for a total transaction of $164,141.64. Following the completion of the sale, the chief operating officer owned 221,572 shares of the company's stock, valued at approximately $2,153,679.84. This represents a 7.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mariya Pylypiv sold 30,028 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $7.66, for a total transaction of $230,014.48. Following the sale, the chief financial officer owned 80,188 shares in the company, valued at $614,240.08. This represents a 27.24% 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. Insiders sold a total of 62,996 shares of company stock valued at $508,259 over the last 90 days. Corporate insiders own 22.90% of the company's stock.

Institutional Trading of AIRO Group

Institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC bought a new position in AIRO Group in the second quarter valued at about $368,000. Kingsbury Capital Investment Advisors LLC boosted its stake in shares of AIRO Group by 252.3% in the 2nd quarter. Kingsbury Capital Investment Advisors LLC now owns 44,463 shares of the company's stock valued at $329,000 after purchasing an additional 31,842 shares in the last quarter. AXQ Capital LP bought a new stake in shares of AIRO Group during the 2nd quarter valued at approximately $86,000. Bank of America Corp DE bought a new stake in shares of AIRO Group during the 2nd quarter valued at approximately $1,478,000. Finally, Quantbot Technologies LP acquired a new position in AIRO Group during the 2nd quarter worth approximately $227,000.

AIRO Group Stock Performance

NASDAQ:AIRO opened at $7.25 on Monday. AIRO Group has a 52 week low of $5.71 and a 52 week high of $22.47. The firm's 50-day simple moving average is $7.50 and its 200 day simple moving average is $8.08. The firm has a market cap of $228.81 million, a price-to-earnings ratio of -8.73 and a beta of 2.02.

AIRO Group (NASDAQ:AIRO - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.06) earnings per share (EPS) for the quarter. AIRO Group had a negative net margin of 23.86% and a negative return on equity of 3.48%. The business had revenue of $43.18 million during the quarter. Sell-side analysts anticipate that AIRO Group will post -1.04 EPS for the current year.

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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