AIRO Group Holdings, Inc. (NASDAQ:AIRO) Stock Has Average Target Price of $16.67 According to Analysts

AIRO Group Holdings, Inc. (NASDAQ:AIRO) has received an average rating of “Hold” from the five analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $16.67.

AIRO has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AIRO Group in a report on Wednesday, August 26th. Mizuho dropped their price objective on shares of AIRO Group from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Finally, Wall Street Zen raised AIRO Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th.

AIRO Group Stock Up 0.4%

Shares of AIRO opened at $5.18 on Tuesday. The company has a 50 day moving average of $6.51 and a two-hundred day moving average of $8.09. AIRO Group has a twelve month low of $4.53 and a twelve month high of $16.43. The company has a market cap of $163.48 million, a price-to-earnings ratio of -6.24 and a beta of 2.06.

AIRO Group (NASDAQ:AIRO) last announced its earnings results on Thursday, August 13th. The company reported ($0.06) earnings per share (EPS) for the quarter. The business 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%. On average, sell-side analysts expect that AIRO Group will post -1.11 EPS for the current year.

Insider Activity

In related news, COO John Uczekaj sold 7,230 shares of AIRO Group stock in a transaction dated Wednesday, September 2nd. The stock was 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 of the company’s stock, valued at $1,521,828.20. The trade was a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mariya Pylypiv sold 8,697 shares of AIRO Group stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $7.08, for a total value 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. This trade represents a 3.15% 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 quarter, insiders have sold 32,814 shares of company stock worth $277,049. Company insiders own 22.90% of the company’s stock.

Hedge Funds Weigh In On AIRO Group

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in AIRO Group during the 2nd quarter valued at approximately $9,609,000. Bank of America Corp DE purchased a new stake in shares of AIRO Group in the 2nd quarter valued at $1,478,000. Bank of New York Mellon Corp acquired a new stake in shares of AIRO Group in the second quarter worth $435,000. Royal Bank of Canada increased its stake in shares of AIRO Group by 373.3% in the first quarter. Royal Bank of Canada now owns 63,803 shares of the company’s stock worth $485,000 after acquiring an additional 50,322 shares during the period. Finally, Squarepoint Ops LLC purchased a new position in shares of AIRO Group during the second quarter worth $368,000.

About AIRO Group

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.