AIRO Group Holdings, Inc. (NASDAQ:AIRO) Stock Has Consensus Price Target of $16.67

Key Points

• Analysts have a mixed outlook on AIRO Group, with five covering firms assigning a consensus “Hold” rating and an average 12-month price target of $16.67. Recent recommendations range from “sell” to “outperform.”
• AIRO shares opened at $5.18, well below their 12-month high of $16.43, while the company reported a quarterly loss of $0.06 per share on $43.18 million in revenue.
• Company insiders sold 32,814 shares worth approximately $277,049 over the past three months, primarily to cover tax obligations tied to vested equity awards; insiders retain 22.9% ownership.

AIRO Group Holdings, Inc. (NASDAQ:AIRO - Get Free Report) has been assigned an average rating of "Hold" from the five brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $16.67.

Several research firms have recently weighed in on AIRO. Mizuho lowered their price target on AIRO Group from $13.00 to $11.00 and set an "outperform" rating on the stock in a report on Thursday, October 15th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of AIRO Group in a report on Wednesday, August 26th. Finally, Wall Street Zen raised shares of AIRO Group from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th.

Insider Activity at AIRO Group

In other AIRO Group news, CFO Mariya Pylypiv sold 8,697 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $7.08, for a total transaction of $61,574.76. Following the sale, the chief financial officer directly owned 267,333 shares of the company's stock, valued at $1,892,717.64. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO John Uczekaj sold 7,230 shares of the stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $7.10, for a total transaction of $51,333.00. Following the completion of the sale, the chief operating officer directly owned 214,342 shares in the company, valued at approximately $1,521,828.20. This represents a 3.26% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 32,814 shares of company stock worth $277,049 in the last three months. 22.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AIRO. First Trust Advisors LP lifted its holdings in AIRO Group by 6.2% during the first quarter. First Trust Advisors LP now owns 59,580 shares of the company's stock worth $453,000 after buying an additional 3,493 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in shares of AIRO Group in the 3rd quarter worth $32,000. AXQ Capital LP purchased a new stake in shares of AIRO Group during the 2nd quarter worth $86,000. Private Advisor Group LLC purchased a new stake in shares of AIRO Group during the 1st quarter worth $139,000. Finally, Ieq Capital LLC bought a new stake in AIRO Group during the second quarter valued at about $147,000.

AIRO Group Stock Up 0.4%

AIRO Group stock opened at $5.18 on Tuesday. The company has a market capitalization of $163.48 million, a P/E ratio of -6.24 and a beta of 2.06. The stock's 50 day moving average is $6.51 and its 200 day moving average is $8.09. AIRO Group has a twelve month low of $4.53 and a twelve month high of $16.43.

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 for the quarter. The company had revenue of $43.18 million for the quarter. AIRO Group had a negative net margin of 23.86% and a negative return on equity of 3.48%. As a group, equities analysts expect that AIRO Group will post -1.11 EPS for the current year.

AIRO Group Company Profile

AIRO Group Holdings, Inc is an aerospace and defense company focused on developing and delivering advanced aviation and autonomous systems. Its portfolio includes unmanned aircraft systems, electric vertical takeoff and landing (eVTOL) aircraft, electronic-warfare technologies, avionics and related training services.

The company's unmanned systems are designed for applications such as intelligence, surveillance and reconnaissance, security, public safety and commercial operations. Its advanced air-mobility activities center on electric aircraft and associated technologies, while its electronic-warfare offerings support the detection, protection against and disruption of communications and other signals.

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