AIRO Group (NASDAQ:AIRO) Issues Quarterly Earnings Results

AIRO Group (NASDAQ:AIRO - Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.28) earnings per share (EPS) for the quarter, Zacks reports.AIRO Group Stock PerformanceAIRO Group's Pullback: An Undervalued Growth Opportunity?NASDAQ AIRO traded down $2.65 on Friday, hitting $10.10. The company's stock had a trading volume of 1,880,320 shares, compared to its average volume of 612,078. AIRO Group has a 52-week low of $9.88 and a 52-week high of $39.07. The firm's 50-day simple moving average is $17.79. Wall Street Analyst Weigh InA number of research firms have recently weighed in on AIRO. Weiss Ratings reissued a "sell (e-)" rating on shares of AIRO Group in a research note on Wednesday, October 8th. Wall Street Zen upgraded AIRO Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.67.Get Our Latest Research Report on AIRO GroupInsiders Place Their BetsIn related news, COO John Uczekaj sold 2,225 shares of AIRO Group stock in a transaction on Friday, September 12th. The shares were sold at an average price of $17.39, for a total value of $38,692.75. Following the sale, the chief operating officer owned 20,030 shares in the company, valued at $348,321.70. The trade was a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Chirinjeev Kathuria sold 405,634 shares of the company's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $17.39, for a total transaction of $7,053,975.26. Following the completion of the transaction, the chairman owned 3,650,710 shares of the company's stock, valued at $63,485,846.90. This trade represents a 10.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,097,026 shares of company stock valued at $19,077,282 over the last three months. Hedge Funds Weigh In On AIRO GroupSeveral hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in AIRO Group in the third quarter worth about $331,000. Man Group plc bought a new position in shares of AIRO Group in the 3rd quarter worth approximately $634,000. Shay Capital LLC bought a new position in shares of AIRO Group in the 3rd quarter worth approximately $2,400,000. Two Sigma Investments LP purchased a new position in shares of AIRO Group in the 3rd quarter valued at approximately $271,000. Finally, Invesco Ltd. bought a new stake in shares of AIRO Group during the third quarter valued at approximately $3,806,000. AIRO Group Company Profile (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.See AlsoFive stocks we like better than AIRO Group3 Best Fintech Stocks for a Portfolio BoostAre These 3 Oversold Tech Giants Ready to Rebound?3 Warren Buffett Stocks to Buy NowIf You Wait for the Dip, Micron Technology Could Leave You BehindHealth Care Stocks Explained: Why You Might Want to Invest3 Stocks Quietly Powering the AI and Tech RevolutionThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in AIRO Group Right Now?Before you consider AIRO Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AIRO Group wasn't on the list.While AIRO Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here