Mizuho Issues Pessimistic Forecast for AIRO Group (NASDAQ:AIRO) Stock Price

AIRO Group (NASDAQ:AIRO) had its price objective decreased by analysts at Mizuho from $31.00 to $25.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 153.55% from the company’s previous close.

A number of other research firms have also recently commented on AIRO. Weiss Ratings restated a “sell (e-)” rating on shares of AIRO Group in a research report on Wednesday, October 8th. Wall Street Zen raised shares of AIRO Group from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $28.67.

AIRO Group Price Performance

Shares of AIRO Group stock opened at $9.86 on Monday. The stock has a 50-day moving average price of $17.40. AIRO Group has a fifty-two week low of $9.68 and a fifty-two week high of $39.07.

AIRO Group (NASDAQ:AIRO) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.28) earnings per share for the quarter. The company had revenue of $6.28 million during the quarter.

Insider Transactions at AIRO Group

In other AIRO Group news, CEO Joseph D. Burns sold 179,800 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $17.39, for a total value of $3,126,722.00. Following the transaction, the chief executive officer owned 1,618,202 shares in the company, valued at approximately $28,140,532.78. This trade represents a 10.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO John Uczekaj sold 2,225 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $17.39, for a total transaction of $38,692.75. Following the sale, the chief operating officer directly owned 20,030 shares of the company’s stock, valued at $348,321.70. The trade was a 10.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,097,026 shares of company stock worth $19,077,282.

Institutional Trading of AIRO Group

Large investors have recently bought and sold shares of the business. Strs Ohio purchased a new position in AIRO Group in the 3rd quarter worth approximately $25,000. Raymond James Financial Inc. purchased a new position in AIRO Group during the second quarter worth approximately $43,000. JPMorgan Chase & Co. purchased a new position in AIRO Group during the third quarter worth approximately $54,000. Bank of America Corp DE acquired a new position in AIRO Group during the second quarter worth $60,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in AIRO Group in the 3rd quarter valued at $62,000.

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.