AIRO Group Holdings, Inc. (NASDAQ:AIRO) Stock Now Rated "Hold" by Sell-Side Brokerages

Key Points

• Analyst consensus is “Hold”: Of five analysts covering AIRO Group, two rate it Buy, two Hold and one Sell. The average 12-month price target is $17.33, though Mizuho recently cut its target from $16 to $13 while maintaining an Outperform rating.
• Shares remain under pressure: AIRO opened at $6.15, near its $5.71 52-week low and well below its $22.47 high. The company reported a quarterly loss of $0.06 per share on $43.18 million in revenue and remains unprofitable.
• Insiders have recently sold shares: AIRO’s CFO and COO sold stock mainly to cover tax obligations tied to vested equity awards, contributing to $277,049 in insider sales over the past three months. Meanwhile, several institutional investors—including Bank of America—established or increased positions during the second quarter.

Shares of AIRO Group Holdings, Inc. (NASDAQ:AIRO - Get Free Report) have been given an average rating of "Hold" by the five analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $17.33.

A number of analysts recently weighed in on the company. Wall Street Zen upgraded AIRO Group from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 15th. Mizuho decreased their target price on shares of AIRO Group from $16.00 to $13.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 21st. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of AIRO Group in a research note on Wednesday, August 26th.

AIRO Group Price Performance

AIRO stock opened at $6.15 on Friday. AIRO Group has a one year low of $5.71 and a one year high of $22.47. The stock has a market cap of $194.07 million, a PE ratio of -7.41 and a beta of 2.06. The firm has a 50 day simple moving average of $7.56 and a two-hundred day simple moving average of $7.64.

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. AIRO Group had a negative net margin of 23.86% and a negative return on equity of 3.48%. The company had revenue of $43.18 million for the quarter. On average, research analysts expect that AIRO Group will post -1.04 EPS for the current fiscal year.

Insider Transactions at AIRO Group

In other AIRO Group news, CFO Mariya Pylypiv sold 8,697 shares of AIRO Group stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $7.08, for a total value of $61,574.76. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 that occurred on Wednesday, September 2nd. The shares were sold at an average price of $7.10, for a total value of $51,333.00. Following the sale, the chief operating officer directly owned 214,342 shares of the company's stock, valued at approximately $1,521,828.20. This trade represents a 3.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 32,814 shares of company stock valued at $277,049. 22.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC bought a new stake in AIRO Group during the 2nd quarter valued at $368,000. Kingsbury Capital Investment Advisors LLC increased its position in shares of AIRO Group by 252.3% in the second quarter. Kingsbury Capital Investment Advisors LLC now owns 44,463 shares of the company's stock valued at $329,000 after acquiring an additional 31,842 shares during the period. AXQ Capital LP purchased a new position in shares of AIRO Group in the second quarter valued at about $86,000. Bank of America Corp DE bought a new position in shares of AIRO Group during the second quarter valued at about $1,478,000. Finally, Quantbot Technologies LP purchased a new stake in shares of AIRO Group during the second quarter worth about $227,000.

About AIRO Group

AIRO Group NASDAQ: AIRO is an aviation, aerospace and defense company that develops and provides technologies for crewed and uncrewed aircraft. Its business activities span drones and robotics, advanced air mobility, avionics and aviation training.

The company's drone and robotics operations focus on unmanned aerial systems and related solutions for commercial, public-sector and defense applications. Its advanced air mobility business is developing electric vertical takeoff and landing aircraft, while its avionics operations provide aircraft electronics and flight-related systems.

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