AIRO Group (NASDAQ:AIRO) Receives Neutral Rating from BTIG Research

BTIG Research reiterated their neutral rating on shares of AIRO Group (NASDAQ:AIRO) in a research note released on Wednesday, Marketbeat Ratings reports.

AIRO has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (e)” rating on shares of AIRO Group in a research note on Monday, December 29th. Wall Street Zen upgraded AIRO Group from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, Mizuho cut their price objective on AIRO Group from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.67.

AIRO Group Stock Performance

AIRO Group stock opened at $8.82 on Wednesday. The stock has a 50-day moving average of $9.60 and a two-hundred day moving average of $11.85. AIRO Group has a one year low of $7.28 and a one year high of $39.07. The stock has a market cap of $277.21 million and a PE ratio of 441.00.

AIRO Group (NASDAQ:AIRO) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.02 EPS for the quarter. The business had revenue of $48.28 million during the quarter.

Insider Transactions at AIRO Group

In other news, CFO Mariya Pylypiv sold 20,078 shares of the stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $10.26, for a total value of $206,000.28. Following the transaction, the chief financial officer directly owned 49,887 shares of the company’s stock, valued at approximately $511,840.62. This represents a 28.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John Uczekaj sold 3,415 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $8.84, for a total value of $30,188.60. Following the completion of the transaction, the chief operating officer directly owned 20,111 shares in the company, valued at $177,781.24. This represents a 14.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 23,889 shares of company stock worth $240,319 over the last three months.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Strs Ohio acquired a new stake in AIRO Group during the third quarter worth about $25,000. Leonteq Securities AG acquired a new stake in AIRO Group during the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in AIRO Group during the fourth quarter worth about $30,000. Raymond James Financial Inc. acquired a new stake in AIRO Group during the second quarter worth about $43,000. Finally, New York State Common Retirement Fund acquired a new stake in AIRO Group during the fourth quarter worth about $43,000.

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.