AIRO Group (NASDAQ:AIRO) Upgraded at Zacks Research

Zacks Research upgraded shares of AIRO Group (NASDAQ:AIRO) to a hold rating in a report published on Wednesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on AIRO. Weiss Ratings reissued a “sell (e)” rating on shares of AIRO Group in a research note on Monday, December 29th. Mizuho cut their price objective on AIRO Group from $25.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. BTIG Research reiterated a “neutral” rating on shares of AIRO Group in a report on Wednesday, April 8th. Finally, Wall Street Zen lowered AIRO Group from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, AIRO Group has an average rating of “Hold” and a consensus target price of $19.67.

AIRO Group Stock Down 6.7%

NASDAQ:AIRO opened at $8.07 on Wednesday. The firm’s fifty day simple moving average is $9.36 and its 200 day simple moving average is $11.36. The stock has a market cap of $253.64 million and a P/E ratio of 403.50. AIRO Group has a twelve month low of $7.28 and a twelve month high of $39.07.

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

Insider Transactions at AIRO Group

In related news, COO John Uczekaj sold 3,415 shares of AIRO Group stock in a transaction dated Monday, April 6th. The shares were 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 directly owned 20,111 shares of the company’s stock, valued at $177,781.24. This trade represents a 14.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $10.26, for a total transaction of $206,000.28. Following the sale, the chief financial officer directly owned 49,887 shares in the company, 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 sold a total of 23,889 shares of company stock worth $240,319 over the last ninety days.

Hedge Funds Weigh In On AIRO Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Woodline Partners LP lifted its holdings in shares of AIRO Group by 41.0% during the third quarter. Woodline Partners LP now owns 2,753,067 shares of the company’s stock valued at $52,859,000 after purchasing an additional 800,456 shares during the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of AIRO Group in the 3rd quarter worth approximately $15,030,000. HighTower Advisors LLC increased its position in AIRO Group by 936.8% during the 4th quarter. HighTower Advisors LLC now owns 666,176 shares of the company’s stock valued at $5,449,000 after buying an additional 601,924 shares in the last quarter. Vanguard Group Inc. increased its position in AIRO Group by 406.0% during the 3rd quarter. Vanguard Group Inc. now owns 505,951 shares of the company’s stock valued at $9,714,000 after buying an additional 405,951 shares in the last quarter. Finally, UBS Group AG raised its stake in AIRO Group by 246.9% during the third quarter. UBS Group AG now owns 250,733 shares of the company’s stock valued at $4,814,000 after buying an additional 178,460 shares during the last quarter.

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. 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.