AIRO Group (NASDAQ:AIRO) Upgraded to Hold at Zacks Research
by Teresa Graham · The Cerbat GemZacks Research upgraded shares of AIRO Group (NASDAQ:AIRO – Free Report) to a hold rating in a research note published on Wednesday morning,Zacks.com reports.
A number of other brokerages have also issued reports on AIRO. BTIG Research restated a “neutral” rating on shares of AIRO Group in a research note on Wednesday, April 8th. Wall Street Zen lowered AIRO Group from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Mizuho reduced their target price on AIRO Group from $25.00 to $20.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Finally, Weiss Ratings restated a “sell (e)” rating on shares of AIRO Group in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $19.67.
Check Out Our Latest Stock Report on AIRO
AIRO Group Trading Up 0.3%
Shares of AIRO opened at $8.67 on Wednesday. AIRO Group has a 12 month low of $7.28 and a 12 month high of $39.07. The stock has a fifty day moving average price of $9.39 and a 200-day moving average price of $11.44. The firm has a market cap of $272.60 million and a PE ratio of 437.20.
AIRO Group (NASDAQ:AIRO – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.02 EPS for the quarter. The business had revenue of $48.28 million for the quarter.
Insider Transactions at AIRO Group
In other AIRO Group news, COO John Uczekaj sold 3,415 shares of AIRO Group stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $8.84, for a total transaction of $30,188.60. Following the completion of the transaction, the chief operating officer owned 20,111 shares in the company, valued at approximately $177,781.24. This trade represents a 14.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Mariya Pylypiv sold 20,078 shares of AIRO Group stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $10.26, for a total value of $206,000.28. Following the transaction, the chief financial officer owned 49,887 shares of the company’s stock, valued at $511,840.62. The trade was a 28.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,889 shares of company stock valued at $240,319 in the last quarter.
Hedge Funds Weigh In On AIRO Group
A number of institutional investors have recently modified their holdings of AIRO. Strs Ohio acquired a new stake in AIRO Group in the third quarter valued at approximately $25,000. Raymond James Financial Inc. acquired a new stake in AIRO Group in the second quarter valued at approximately $43,000. Bank of America Corp DE acquired a new stake in AIRO Group in the second quarter valued at approximately $60,000. JPMorgan Chase & Co. acquired a new stake in AIRO Group in the third quarter valued at approximately $54,000. Finally, Leonteq Securities AG acquired a new stake in AIRO Group in the fourth quarter valued at approximately $25,000.
AIRO Group Company Profile
We are a technologically differentiated aerospace, autonomy, and air mobility platform targeting 21st century aerospace and defense opportunities. We leverage decades of industry expertise and connections across the drone, aviation, and avionics markets to provide leading solutions to the aerospace and defense market. We offer connected and diversified solutions providing operational synergies across our segments and are powered by an international footprint as well as supplier and public sector relationships.