MYDA Advisors LLC Takes $3.63 Million Position in AeroVironment, Inc. $AVAV

MYDA Advisors LLC acquired a new stake in AeroVironment, Inc. (NASDAQ:AVAV – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,000 shares of the aerospace company’s stock, valued at approximately $3,628,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AlphaQuest LLC purchased a new stake in shares of AeroVironment in the third quarter valued at $25,000. Tema Etfs LLC purchased a new stake in shares of AeroVironment in the fourth quarter valued at $26,000. Hilton Head Capital Partners LLC purchased a new stake in shares of AeroVironment in the fourth quarter valued at $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of AeroVironment in the third quarter valued at $29,000. Finally, Smithfield Trust Co purchased a new stake in shares of AeroVironment in the third quarter valued at $31,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.

Key AeroVironment News

Here are the key news stories impacting AeroVironment this week:

• Negative Sentiment: A class action lawsuit has been filed against AeroVironment and certain officers, with multiple firms encouraging affected shareholders to seek lead-plaintiff status before the July 27 deadline. Pomerantz Law Firm Announces the Filing of a Class Action Against AeroVironment, Inc. and Certain Officers – AVAV
• Negative Sentiment: The lawsuits and alerts allege investor harm tied to AeroVironment’s reliance on a single-vendor bespoke contract, which reportedly became vulnerable when the Space Force shifted toward multi-vendor commercial solutions. AVAV Shareholder Alert: AeroVironment, Inc. Securities Class Action Lawsuit – Investors Should Contact SueWallSt
• Negative Sentiment: Several firms, including Rosen, The Gross Law Firm, Schall, Faruqi & Faruqi, Bragar Eagel & Squire, and DJS Law Group, issued near-identical notices reminding investors of the pending class action and lead-plaintiff deadline, reinforcing legal risk sentiment around the name. ROSEN, GLOBAL INVESTOR COUNSEL, Encourages AeroVironment, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – AVAV

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AVAV shares. UBS Group lowered their price objective on AeroVironment from $259.00 to $236.00 and set a “neutral” rating for the company in a research report on Wednesday, March 11th. Needham & Company LLC lowered their price objective on AeroVironment from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, March 11th. Robert W. Baird reduced their target price on AeroVironment from $260.00 to $235.00 and set an “outperform” rating on the stock in a report on Wednesday, March 11th. Piper Sandler reduced their target price on AeroVironment from $391.00 to $290.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Finally, Citizens Jmp reduced their target price on AeroVironment from $400.00 to $350.00 and set a “market outperform” rating on the stock in a report on Wednesday, March 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $318.78.

Get Our Latest Research Report on AeroVironment

Insiders Place Their Bets

In related news, Director Stephen F. Page sold 250 shares of AeroVironment stock in a transaction on Friday, May 15th. The stock was sold at an average price of $162.31, for a total value of $40,577.50. Following the transaction, the director owned 49,251 shares in the company, valued at approximately $7,993,929.81. This trade represents a 0.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.81% of the company’s stock.

AeroVironment Price Performance

Shares of AeroVironment stock opened at $170.58 on Monday. AeroVironment, Inc. has a twelve month low of $156.00 and a twelve month high of $417.86. The stock has a market capitalization of $8.52 billion, a P/E ratio of -39.30, a PEG ratio of 2.34 and a beta of 1.35. The company has a current ratio of 5.51, a quick ratio of 4.54 and a debt-to-equity ratio of 0.17. The business’s fifty day moving average price is $184.20 and its 200 day moving average price is $234.65.

AeroVironment Profile

(Free Report)

AeroVironment, Inc (NASDAQ:AVAV) is a technology company specializing in unmanned aerial systems (UAS), tactical missiles and precision loitering munitions, electric vehicle charging and scalable energy systems. Headquartered in Monrovia, California, the company develops solutions for defense, public safety and commercial markets. Their offerings include small UAS for intelligence, surveillance and reconnaissance, as well as advanced weapons systems designed to meet the needs of modern military operations.

The company’s unmanned aerial systems portfolio features platforms such as the Raven, Puma and Switchblade series, which are deployed by the U.S.

Featured Stories

• Five stocks we like better than AeroVironment
• 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
• What to Expect From Q2 Earnings as Tech Strength Broadens
• Viasat’s Orbiting Profits: Space Force Jackpot?
• Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters

Want to see what other hedge funds are holding AVAV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AeroVironment, Inc. (NASDAQ:AVAV – Free Report).