Airship AI (NASDAQ:AISP) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Airship AI (NASDAQ:AISP) from a hold rating to a sell rating in a research note issued to investors on Saturday.

A number of other brokerages have also issued reports on AISP. Zacks Research raised shares of Airship AI from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Roth Capital set a $6.50 price target on shares of Airship AI in a research note on Monday, April 27th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Airship AI in a report on Friday, August 7th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Airship AI presently has a consensus rating of “Reduce” and a consensus target price of $6.50.

Airship AI Price Performance

NASDAQ AISP opened at $1.96 on Friday. The firm has a market capitalization of $67.50 million, a price-to-earnings ratio of 2.93 and a beta of 0.58. The company has a 50 day simple moving average of $2.28 and a 200-day simple moving average of $2.46. Airship AI has a 52-week low of $1.69 and a 52-week high of $7.20.

Airship AI (NASDAQ:AISP) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The company had revenue of $4.12 million for the quarter, compared to analysts’ expectations of $5.00 million. Airship AI had a net margin of 144.60% and a negative return on equity of 19.13%. On average, analysts predict that Airship AI will post -0.06 EPS for the current year.

Hedge Funds Weigh In On Airship AI

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Airship AI in the second quarter valued at approximately $916,000. Bank of New York Mellon Corp bought a new stake in Airship AI in the second quarter worth approximately $76,000. Lazard Asset Management LLC acquired a new position in shares of Airship AI during the 1st quarter worth $419,000. Sei Investments Co. acquired a new position in shares of Airship AI during the 1st quarter worth $84,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Airship AI during the 1st quarter worth $115,000. Institutional investors and hedge funds own 5.89% of the company’s stock.

Airship AI Company Profile

Airship AI Holdings, Inc offers AI-driven video, sensor, and data management surveillance platform in the United States. The company provides Airship Acropolis OS, an IP and analog video surveillance; Airship Command, a suite of visualization tools that allows users to view data and evidence ingested from the edge; and Airship Outpost for high-definition recording with user defined low-bit rate video stream encoding. It serves government, public sector, law enforcement, military, and commercial enterprise organizations.