Airship AI (NASDAQ:AISP) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Airship AI (NASDAQ:AISP) released its quarterly earnings results on Friday. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.03), Zacks reports. The company had revenue of $6.35 million for the quarter, compared to analyst estimates of $6.20 million.

Airship AI Stock Up 1.2%

Airship AI stock opened at $2.55 on Friday. The company has a market capitalization of $87.64 million, a PE ratio of 4.11 and a beta of 0.40. Airship AI has a 12-month low of $2.03 and a 12-month high of $7.20. The firm’s fifty day moving average is $2.45 and its 200 day moving average is $3.08.

Insider Activity

In other news, CEO Victor Huang bought 40,000 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average cost of $2.24 per share, for a total transaction of $89,600.00. Following the acquisition, the chief executive officer directly owned 4,012,567 shares in the company, valued at approximately $8,988,150.08. This trade represents a 1.01% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 46.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Airship AI

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Airship AI by 18.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,269,819 shares of the company’s stock worth $6,565,000 after purchasing an additional 195,760 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Airship AI by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 498,501 shares of the company’s stock worth $1,441,000 after purchasing an additional 23,013 shares in the last quarter. State Street Corp lifted its holdings in shares of Airship AI by 6.8% in the 4th quarter. State Street Corp now owns 345,034 shares of the company’s stock worth $997,000 after purchasing an additional 22,069 shares in the last quarter. Nuveen LLC lifted its holdings in shares of Airship AI by 119.0% in the 4th quarter. Nuveen LLC now owns 330,509 shares of the company’s stock worth $955,000 after purchasing an additional 179,580 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Airship AI by 1,177.9% during the 4th quarter. AQR Capital Management LLC now owns 243,261 shares of the company’s stock valued at $703,000 after acquiring an additional 224,225 shares in the last quarter. 5.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on AISP. Zacks Research cut shares of Airship AI from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airship AI in a research report on Wednesday, January 21st. Finally, Roth Mkm set a $6.50 price objective on shares of Airship AI in a research report on Monday, April 27th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell” and a consensus target price of $6.50.

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.