Airship AI (NASDAQ:AISP) Announces Earnings Results

Airship AI (NASDAQ:AISP) issued its quarterly earnings data on Thursday. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01), Zacks reports. Airship AI had a net margin of 144.60% and a negative return on equity of 16.62%. The company had revenue of $4.12 million for the quarter, compared to the consensus estimate of $5.00 million.

Airship AI Stock Up 7.8%

Shares of AISP opened at $2.07 on Friday. Airship AI has a twelve month low of $1.69 and a twelve month high of $7.20. The stock has a market cap of $71.29 million, a PE ratio of 3.09 and a beta of 0.58. The business’s 50-day moving average price is $2.38 and its 200-day moving average price is $2.53.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC raised its position in shares of Airship AI by 1,177.9% in the fourth quarter. AQR Capital Management LLC now owns 243,261 shares of the company’s stock worth $703,000 after buying an additional 224,225 shares in the last quarter. Kovack Advisors Inc. purchased a new position in Airship AI during the fourth quarter worth about $31,000. State of Wisconsin Investment Board increased its stake in Airship AI by 21.4% in the 4th quarter. State of Wisconsin Investment Board now owns 122,723 shares of the company’s stock worth $355,000 after acquiring an additional 21,623 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Airship AI by 2,776.9% in the 4th quarter. Royal Bank of Canada now owns 18,441 shares of the company’s stock valued at $54,000 after acquiring an additional 17,800 shares in the last quarter. Finally, Mariner LLC raised its holdings in shares of Airship AI by 32.5% in the 4th quarter. Mariner LLC now owns 16,854 shares of the company’s stock valued at $49,000 after acquiring an additional 4,134 shares in the last quarter. 5.89% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on AISP. Zacks Research upgraded Airship AI from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings cut shares of Airship AI from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Wall Street Zen upgraded shares of Airship AI from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Roth Capital set a $6.50 target price on Airship AI in a research report on Monday, April 27th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Airship AI has a consensus rating of “Reduce” and a consensus target price of $6.50.

Airship AI Company Profile

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.