AIRO Group Holdings, Inc. (NASDAQ:AIRO) Stock Has Average Price Target of $17.33

AIRO Group Holdings, Inc. (NASDAQ:AIRO) has been assigned a consensus rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $17.33.

AIRO has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of AIRO Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Mizuho lowered their price target on AIRO Group from $16.00 to $13.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 21st. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of AIRO Group in a research note on Wednesday, August 26th.

Insider Buying and Selling

In other news, COO John Uczekaj sold 7,230 shares of AIRO Group stock in a transaction that occurred on 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 transaction, the chief operating officer directly owned 214,342 shares in the company, valued at approximately $1,521,828.20. The trade was a 3.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $7.08, for a total value of $61,574.76. Following the transaction, the chief financial officer directly owned 267,333 shares in the company, valued at $1,892,717.64. The trade was a 3.15% decrease in their ownership of the stock. 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. Over the last ninety days, insiders sold 32,814 shares of company stock valued at $277,049. Insiders own 22.90% of the company’s stock.

Institutional Investors Weigh In On AIRO Group

Several hedge funds have recently added to or reduced their stakes in AIRO. BlackRock Inc. acquired a new position in shares of AIRO Group in the second quarter valued at about $9,609,000. MYDA Advisors LLC acquired a new stake in AIRO Group in the 4th quarter worth about $1,963,000. Bank of America Corp DE acquired a new stake in AIRO Group in the 2nd quarter worth about $1,478,000. Bank of New York Mellon Corp acquired a new stake in AIRO Group in the 2nd quarter worth about $435,000. Finally, Royal Bank of Canada boosted its holdings in AIRO Group by 373.3% in the 1st quarter. Royal Bank of Canada now owns 63,803 shares of the company’s stock valued at $485,000 after purchasing an additional 50,322 shares during the period.

AIRO Group Stock Down 5.3%

NASDAQ AIRO opened at $5.67 on Friday. The firm’s fifty day moving average price is $7.49 and its two-hundred day moving average price is $7.57. AIRO Group has a 1 year low of $5.61 and a 1 year high of $22.47.

AIRO Group (NASDAQ:AIRO) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $43.18 million during the quarter. AIRO Group had a negative net margin of 23.86% and a negative return on equity of 3.48%. On average, analysts anticipate that AIRO Group will post -1.04 earnings per share for the current year.

About AIRO Group

AIRO Group (NASDAQ: AIRO) is an aviation, aerospace and defense company that develops and provides technologies for crewed and uncrewed aircraft. Its business activities span drones and robotics, advanced air mobility, avionics and aviation training.

The company’s drone and robotics operations focus on unmanned aerial systems and related solutions for commercial, public-sector and defense applications. Its advanced air mobility business is developing electric vertical takeoff and landing aircraft, while its avionics operations provide aircraft electronics and flight-related systems.