AIRO Group (NASDAQ:AIRO) Rating Increased to Hold at Wall Street Zen

AIRO Group (NASDAQ:AIRO) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Other equities research analysts have also issued reports about the stock. Mizuho started coverage on shares of AIRO Group in a report on Tuesday, July 8th. They set an “outperform” rating and a $31.00 target price on the stock. BTIG Research started coverage on shares of AIRO Group in a research note on Tuesday, July 8th. They issued a “buy” rating and a $26.00 price target on the stock. Finally, Cantor Fitzgerald set a $35.00 target price on AIRO Group and gave the stock an “overweight” rating in a research report on Tuesday, July 15th.

AIRO Group Trading Down 3.6%

AIRO stock opened at $22.11 on Friday. AIRO Group has a one year low of $12.90 and a one year high of $39.07.

AIRO Group (NASDAQ:AIRO) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.30 earnings per share (EPS) for the quarter.

Hedge Funds Weigh In On AIRO Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of AIRO Group in the second quarter valued at approximately $43,000. Bank of America Corp DE purchased a new stake in AIRO Group in the 2nd quarter valued at approximately $60,000. Manchester Capital Management LLC acquired a new stake in shares of AIRO Group in the 2nd quarter valued at approximately $86,000. Creative Planning purchased a new position in AIRO Group in the second quarter worth $217,000. Finally, HBK Investments L P purchased a new stake in shares of AIRO Group during the 2nd quarter worth $241,000.

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.