Airship AI (NASDAQ:AISP) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Airship AI (NASDAQ:AISP) from a sell rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

A number of other equities analysts also recently commented on AISP. Zacks Research upgraded Airship AI from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded shares of Airship AI from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Airship AI has an average rating of “Reduce” and an average price target of $6.50.

Airship AI Price Performance

Shares of NASDAQ AISP opened at $2.05 on Friday. Airship AI has a one year low of $1.68 and a one year high of $7.20. The business’s 50-day moving average price is $2.07 and its two-hundred day moving average price is $2.38. The company has a market capitalization of $70.60 million, a P/E ratio of 3.06 and a beta of 0.61.

Airship AI (NASDAQ:AISP) last posted its quarterly earnings results on Thursday, August 6th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The firm had revenue of $4.12 million for the quarter, compared to analysts’ expectations of $5.00 million. Airship AI had a negative return on equity of 19.13% and a net margin of 144.60%. On average, equities analysts anticipate that Airship AI will post -0.06 EPS for the current year.

Institutional Investors Weigh In On Airship AI

Hedge funds have recently modified their holdings of the business. Mariner LLC grew its stake in shares of Airship AI by 32.5% in the fourth quarter. Mariner LLC now owns 16,854 shares of the company’s stock worth $49,000 after acquiring an additional 4,134 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Airship AI by 90.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,567 shares of the company’s stock valued at $56,000 after purchasing an additional 4,556 shares during the period. Quarry LP acquired a new stake in Airship AI in the 3rd quarter worth $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Airship AI by 150.5% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,932 shares of the company’s stock worth $64,000 after purchasing an additional 6,568 shares during the period. Finally, Kovack Advisors Inc. bought a new position in shares of Airship AI during the 4th quarter worth about $31,000. 5.89% of the stock is owned by institutional investors.

About Airship AI

Airship AI Holdings, Inc offers AI-driven video, sensor, and data management surveillance platform in the United States. The company provides Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost for high-definition recording with user defined low-bit rate video stream encoding. It serves government, public sector, law enforcement, military, and commercial enterprise organizations.