AIRO Group Holdings, Inc. (NASDAQ:AIRO) Receives $17.33 Consensus Price Target from Analysts

Shares of AIRO Group Holdings, Inc. (NASDAQ:AIRO) have been assigned a consensus rating of “Hold” from the five research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $17.3333.

AIRO has been the topic of several recent analyst reports. Wall Street Zen raised shares of AIRO Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. 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. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AIRO Group in a report on Wednesday, August 26th.

AIRO Group Price Performance

AIRO opened at $7.00 on Monday. The firm has a fifty day moving average price of $7.55 and a 200 day moving average price of $7.99. AIRO Group has a 1 year low of $5.71 and a 1 year high of $22.47. The stock has a market cap of $220.92 million, a P/E ratio of -8.43 and a beta of 2.02.

AIRO Group (NASDAQ:AIRO) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.06) EPS for the quarter. AIRO Group had a negative net margin of 23.86% and a negative return on equity of 3.48%. The firm had revenue of $43.18 million for the quarter. Equities analysts expect that AIRO Group will post -1.04 EPS for the current year.

Insider Buying and Selling

In other news, CFO Mariya Pylypiv sold 8,697 shares of the 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 transaction, the chief financial officer owned 267,333 shares in the company, valued at $1,892,717.64. This trade represents a 3.15% decrease in their position. The sale was disclosed in a filing with the SEC, 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 AIRO Group stock in a transaction dated 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 owned 214,342 shares in the company, 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. Insiders sold 32,968 shares of company stock valued at $278,244 over the last 90 days. Company insiders own 22.90% of the company’s stock.

Institutional Investors Weigh In On AIRO Group

Several large investors have recently bought and sold shares of the company. Leonteq Securities AG acquired a new stake in shares of AIRO Group in the fourth quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of AIRO Group during the fourth quarter worth $30,000. AXQ Capital LP acquired a new stake in shares of AIRO Group in the second quarter valued at about $86,000. Private Advisor Group LLC acquired a new stake in shares of AIRO Group in the first quarter valued at about $139,000. Finally, Ieq Capital LLC purchased a new position in shares of AIRO Group in the second quarter worth about $147,000.

AIRO Group Company Profile

AIRO Group Holdings, Inc is an aerospace and defense company focused on developing and delivering advanced aviation, unmanned systems and defense technologies. Its business activities span electric vertical takeoff and landing (eVTOL) aircraft, drones and robotic systems, avionics, electronic warfare and related aerospace solutions.

Through its operating businesses, AIRO Group supports applications including urban and regional air mobility, unmanned aerial operations, military and homeland-security missions, and pilot or operator training.