AIRO Group (NASDAQ:AIRO) Now Covered by Roth Capital

Roth Capital began coverage on shares of AIRO Group (NASDAQ:AIRO) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $16.00 price target on the stock. Roth Capital‘s price objective would suggest a potential upside of 208.88% from the company’s current price.

Several other research firms have also weighed in on AIRO. Mizuho lowered their price target on AIRO Group from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of AIRO Group in a report on Wednesday, August 26th. Finally, 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. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $16.50.

AIRO Group Price Performance

Shares of NASDAQ AIRO opened at $5.18 on Tuesday. The business has a 50-day moving average of $6.51 and a 200-day moving average of $8.09. The stock has a market capitalization of $163.48 million, a price-to-earnings ratio of -6.24 and a beta of 2.06. AIRO Group has a fifty-two week low of $4.53 and a fifty-two week high of $16.43.

AIRO Group (NASDAQ:AIRO) last released its 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 company had revenue of $43.18 million for the quarter. On average, sell-side analysts expect that AIRO Group will post -1.11 EPS for the current year.

Insider Transactions at AIRO Group

In related news, CFO Mariya Pylypiv sold 8,697 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $7.08, for a total value of $61,574.76. Following the completion of the sale, the chief financial officer directly owned 267,333 shares in the company, valued at approximately $1,892,717.64. This trade represents a 3.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through 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 stock was sold at an average price of $7.10, for a total value of $51,333.00. Following the transaction, 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 position. 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. Over the last ninety days, insiders sold 32,814 shares of company stock worth $277,049. 22.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AIRO. First Trust Advisors LP boosted its position in AIRO Group by 6.2% during the first quarter. First Trust Advisors LP now owns 59,580 shares of the company’s stock worth $453,000 after purchasing an additional 3,493 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new position in shares of AIRO Group in the third quarter valued at about $32,000. AXQ Capital LP bought a new position 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 during the 1st quarter worth about $139,000. Finally, Ieq Capital LLC acquired a new stake in shares of AIRO Group during the 2nd 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 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.