Mizuho Has Lowered Expectations for AIRO Group (NASDAQ:AIRO) Stock Price

AIRO Group (NASDAQ:AIRO) had its price objective cut by investment analysts at Mizuho from $25.00 to $20.00 in a report issued on Monday, MarketBeat.com reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price objective would suggest a potential upside of 79.37% from the company’s current price.

Other analysts have also recently issued reports about the stock. BTIG Research decreased their price objective on shares of AIRO Group from $26.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, November 24th. Wall Street Zen raised shares of AIRO Group from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Cantor Fitzgerald lowered their price target on shares of AIRO Group from $35.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, November 21st. Finally, Weiss Ratings reaffirmed a “sell (e)” rating on shares of AIRO Group in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.67.

AIRO Group Trading Up 10.2%

AIRO Group stock opened at $11.15 on Monday. The business’s 50-day simple moving average is $10.19 and its two-hundred day simple moving average is $17.44. AIRO Group has a fifty-two week low of $7.28 and a fifty-two week high of $39.07.

AIRO Group (NASDAQ:AIRO) last released its earnings results on Friday, November 14th. The company reported ($0.28) EPS for the quarter. The company had revenue of $6.28 million during the quarter.

Institutional Trading of AIRO Group

Hedge funds have recently added to or reduced their stakes in the company. Woodline Partners LP increased its holdings in AIRO Group by 41.0% in the third quarter. Woodline Partners LP now owns 2,753,067 shares of the company’s stock valued at $52,859,000 after buying an additional 800,456 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of AIRO Group during the 3rd quarter valued at about $15,030,000. Ilex Capital Partners UK LLP purchased a new position in shares of AIRO Group in the 2nd quarter valued at about $18,750,000. Vanguard Group Inc. raised its holdings in AIRO Group by 406.0% in the 3rd quarter. Vanguard Group Inc. now owns 505,951 shares of the company’s stock worth $9,714,000 after purchasing an additional 405,951 shares during the period. Finally, Invesco Ltd. purchased a new position in AIRO Group during the third quarter worth approximately $3,806,000.

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.