AIRO Group (NASDAQ:AIRO) Price Target Lowered to $13.00 at Mizuho

AIRO Group (NASDAQ:AIRO) had its target price decreased by Mizuho from $16.00 to $13.00 in a report issued on Tuesday morning, MarketBeat Ratings reports. Mizuho currently has an outperform rating on the stock.

A number of other brokerages also recently issued reports on AIRO. Weiss Ratings reissued a “sell (e+)” rating on shares of AIRO Group in a report on Friday, May 29th. Wall Street Zen raised shares of AIRO Group from a “strong sell” rating to a “sell” rating in a report on Saturday, June 13th. Zacks Research upgraded shares of AIRO Group to a “hold” rating in a research note on Wednesday, April 15th. Finally, BTIG Research restated a “neutral” rating on shares of AIRO Group in a research report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $17.33.

AIRO Group Stock Performance

Shares of NASDAQ AIRO opened at $7.08 on Tuesday. AIRO Group has a fifty-two week low of $5.71 and a fifty-two week high of $25.90. The stock has a market cap of $222.67 million and a PE ratio of -15.06. The stock has a fifty day moving average of $7.41 and a 200-day moving average of $8.89.

AIRO Group (NASDAQ:AIRO) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.49) earnings per share (EPS) for the quarter. The company had revenue of $8.90 million for the quarter. AIRO Group had a negative return on equity of 2.44% and a negative net margin of 19.98%. On average, sell-side analysts predict that AIRO Group will post -0.58 EPS for the current year.

Insider Transactions at AIRO Group

In other AIRO Group news, CFO Mariya Pylypiv sold 30,028 shares of AIRO Group stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $7.66, for a total transaction of $230,014.48. Following the completion of the sale, the chief financial officer directly owned 80,188 shares in the company, valued at $614,240.08. The trade was a 27.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 22.90% of the stock is currently owned by insiders.

Institutional Trading of AIRO Group

A number of hedge funds have recently made changes to their positions in AIRO. Leonteq Securities AG purchased a new position in AIRO Group in the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in AIRO Group during the fourth quarter valued at about $30,000. Raymond James Financial Inc. purchased a new stake in AIRO Group during the second quarter valued at about $43,000. New York State Common Retirement Fund bought a new stake in AIRO Group during the fourth quarter worth about $43,000. Finally, JPMorgan Chase & Co. purchased a new position in shares of AIRO Group in the 3rd quarter worth about $54,000.

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. 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.