AIRO Group Holdings, Inc. (NASDAQ:AIRO) Receives $19.67 Average Price Target from Analysts

AIRO Group Holdings, Inc. (NASDAQ:AIRO) has earned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $19.6667.

AIRO has been the subject of a number of research analyst reports. Zacks Research upgraded shares of AIRO Group to a “hold” rating in a report on Wednesday, April 15th. Wall Street Zen downgraded shares of AIRO Group from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Weiss Ratings reaffirmed a “sell (e)” rating on shares of AIRO Group in a report on Monday, December 29th. BTIG Research reiterated a “neutral” rating on shares of AIRO Group in a research report on Wednesday, April 8th. Finally, Mizuho decreased their price target on AIRO Group from $25.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th.

Insider Buying and Selling at AIRO Group

In other AIRO Group news, CFO Mariya Pylypiv sold 20,078 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $10.26, for a total value of $206,000.28. Following the sale, the chief financial officer 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 transaction 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 AIRO Group stock in a transaction on Monday, April 6th. The stock was sold at an average price of $8.84, for a total value of $30,188.60. Following 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. Additional details regarding this sale are available in the official SEC disclosure. 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 in the last three months.

Institutional Trading of AIRO Group

Several institutional investors and hedge funds have recently modified their holdings of AIRO. Woodline Partners LP increased its stake in shares of AIRO Group by 41.0% during the 3rd quarter. Woodline Partners LP now owns 2,753,067 shares of the company’s stock worth $52,859,000 after purchasing an additional 800,456 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of AIRO Group during the 3rd quarter worth approximately $15,030,000. HighTower Advisors LLC lifted its stake in AIRO Group by 936.8% in 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. grew its holdings 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 during the last quarter. Finally, UBS Group AG increased its position in AIRO Group by 246.9% during the third quarter. UBS Group AG now owns 250,733 shares of the company’s stock worth $4,814,000 after buying an additional 178,460 shares in the last quarter.

AIRO Group Price Performance

AIRO Group stock opened at $8.07 on Friday. AIRO Group has a 1-year low of $7.28 and a 1-year high of $39.07. The company has a market cap of $253.64 million and a PE ratio of 403.50. The stock’s 50 day moving average price is $9.36 and its 200 day moving average price is $11.25.

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

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.