Key Points
- AIRO Group COO John Uczekaj sold 16,887 shares at an average price of $9.72, generating $164,141.64. The sale, which reduced his ownership by 7.08%, was made to cover tax withholding tied to vested equity awards.
- AIRO reported a quarterly loss of $0.06 per share on revenue of $43.18 million, while analysts expect a full-year loss of $1.04 per share. The stock opened at $9.41 and has traded between $5.71 and $25.90 over the past year.
- Analyst sentiment is mixed, with AIRO carrying an average “Hold” rating and a $17.33 consensus price target; Mizuho recently cut its target to $13 while maintaining an “outperform” rating.
AIRO Group Holdings, Inc. (NASDAQ:AIRO - Get Free Report) COO John Uczekaj sold 16,887 shares of AIRO Group stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $9.72, for a total transaction of $164,141.64. Following the completion of the transaction, the chief operating officer directly owned 221,572 shares in the company, valued at $2,153,679.84. This trade represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
John Uczekaj also recently made the following trade(s):
- On Monday, July 6th, John Uczekaj sold 154 shares of AIRO Group stock. The stock was sold at an average price of $7.76, for a total value of $1,195.04.
AIRO Group Stock Performance
Shares of AIRO stock opened at $9.41 on Tuesday. AIRO Group Holdings, Inc. has a fifty-two week low of $5.71 and a fifty-two week high of $25.90. The stock's fifty day moving average price is $7.48 and its two-hundred day moving average price is $8.35. The company has a market cap of $295.91 million, a PE ratio of -20.02 and a beta of 1.90.
AIRO Group (NASDAQ:AIRO - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.06) EPS for the quarter. AIRO Group had a negative return on equity of 3.48% and a negative net margin of 23.86%.The business had revenue of $43.18 million for the quarter. On average, equities analysts predict that AIRO Group Holdings, Inc. will post -1.04 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
AIRO has been the subject of a number of research reports. Mizuho dropped their target price on shares of AIRO Group from $16.00 to $13.00 and set an "outperform" rating for the company in a report on Tuesday, July 21st. Weiss Ratings reiterated a "sell (e+)" rating on shares of AIRO Group in a research report on Friday, May 29th. Finally, Wall Street Zen raised shares of AIRO Group from a "strong sell" rating to a "sell" rating in a research note on Saturday. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $17.33.
Check Out Our Latest Analysis on AIRO Group
Hedge Funds Weigh In On AIRO Group
Several large investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in AIRO Group in the 2nd quarter valued at approximately $43,000. Bank of America Corp DE acquired a new position in AIRO Group in the 2nd quarter valued at approximately $60,000. JPMorgan Chase & Co. bought a new position in shares of AIRO Group during the third quarter valued at $54,000. Leonteq Securities AG acquired a new stake in AIRO Group in the fourth quarter valued at $25,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in AIRO Group in the third quarter valued at $62,000.
About AIRO Group
(
Get Free Report)
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.
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