AIRO Group (NASDAQ:AIRO) Upgraded by Wall Street Zen to “Hold” Rating

AIRO Group (NASDAQ:AIRO) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Several other equities analysts also recently weighed in on AIRO. Cantor Fitzgerald set a $35.00 price target on AIRO Group and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Mizuho started coverage on AIRO Group in a research report on Tuesday, July 8th. They set an “outperform” rating and a $31.00 price objective for the company. Finally, BTIG Research started coverage on shares of AIRO Group in a report on Tuesday, July 8th. They set a “buy” rating and a $26.00 price target for the company.

AIRO Group Stock Down 3.6%

Shares of AIRO opened at $22.11 on Friday. AIRO Group has a 52-week low of $12.90 and a 52-week high of $39.07.

AIRO Group (NASDAQ:AIRO) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.30 earnings per share for the quarter.

Institutional Investors Weigh In On AIRO Group

Several institutional investors have recently bought and sold shares of AIRO. Ilex Capital Partners UK LLP purchased a new stake in AIRO Group during the 2nd quarter worth $18,750,000. HRT Financial LP purchased a new stake in shares of AIRO Group in the second quarter worth about $2,507,000. Telligent Fund LP purchased a new stake in shares of AIRO Group in the second quarter worth about $963,000. Norges Bank purchased a new stake in shares of AIRO Group in the second quarter worth about $481,000. Finally, Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of AIRO Group in the second quarter worth about $451,000.

About AIRO Group

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.