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

Shares of AIRO Group Holdings, Inc. (NASDAQ:AIRO) have been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $17.3333.

Several research analysts have issued reports on the stock. Wall Street Zen raised shares of AIRO Group from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Mizuho reduced their price target on shares of AIRO Group from $16.00 to $13.00 and set an “outperform” rating for the company in a research report on Tuesday, July 21st. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of AIRO Group in a report on Friday, May 29th.

AIRO Group Trading Down 2.7%

NASDAQ AIRO opened at $7.92 on Thursday. AIRO Group has a 12 month low of $5.71 and a 12 month high of $25.90. The stock’s fifty day moving average price is $7.52 and its 200-day moving average price is $8.26. The stock has a market cap of $249.92 million, a P/E ratio of -9.54 and a beta of 1.90.

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

Insider Buying and Selling at AIRO Group

In other news, CFO Mariya Pylypiv sold 30,028 shares of the business’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $7.66, for a total value of $230,014.48. Following the completion of the transaction, the chief financial officer owned 80,188 shares in the company, valued at $614,240.08. The trade was a 27.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 16,887 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $9.72, for a total value of $164,141.64. Following the sale, the chief operating officer directly owned 221,572 shares in the company, valued at $2,153,679.84. This trade represents a 7.08% decrease in their ownership of the stock. 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 47,069 shares of company stock valued at $395,351 in the last 90 days. Company insiders own 22.90% of the company’s stock.

Institutional Trading of AIRO Group

Large investors have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in AIRO Group in the second quarter worth about $43,000. Invesco Ltd. grew its position in shares of AIRO Group by 1.2% during the 4th quarter. Invesco Ltd. now owns 200,630 shares of the company’s stock valued at $1,641,000 after acquiring an additional 2,395 shares during the period. Bank of America Corp DE purchased a new stake in shares of AIRO Group in the 2nd quarter worth $60,000. JPMorgan Chase & Co. bought a new position in AIRO Group in the 3rd quarter worth $54,000. Finally, Leonteq Securities AG bought a new stake in AIRO Group during the fourth quarter valued at about $25,000.

About AIRO Group

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.