Airship AI (NASDAQ:AISP) Upgraded at Zacks Research

Airship AI (NASDAQ:AISP) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

AISP has been the subject of a number of other reports. Wall Street Zen raised shares of Airship AI from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings lowered shares of Airship AI from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Finally, Roth Capital set a $6.50 target price on shares of Airship AI in a report on Monday, April 27th. 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, Airship AI presently has an average rating of “Reduce” and a consensus target price of $6.50.

Airship AI Stock Down 1.9%

Shares of NASDAQ:AISP opened at $2.12 on Tuesday. Airship AI has a 52-week low of $2.03 and a 52-week high of $7.20. The stock has a market cap of $73.01 million, a price-to-earnings ratio of -212.00 and a beta of 0.54. The business has a 50-day moving average price of $2.58 and a 200-day moving average price of $2.67.

Airship AI (NASDAQ:AISP) last released its earnings results on Friday, May 8th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The company had revenue of $6.35 million during the quarter, compared to analysts’ expectations of $6.20 million. As a group, equities analysts anticipate that Airship AI will post -0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Airship AI

Large investors have recently added to or reduced their stakes in the stock. Kovack Advisors Inc. purchased a new position in Airship AI during the fourth quarter valued at $31,000. Quarry LP purchased a new stake in shares of Airship AI during the third quarter worth about $31,000. Independent Advisor Alliance acquired a new position in shares of Airship AI during the 4th quarter worth about $32,000. Abel Hall LLC acquired a new position in shares of Airship AI during the 1st quarter worth about $36,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Airship AI during the 4th quarter worth about $39,000. 5.89% of the stock is currently owned by institutional investors and hedge funds.

About Airship AI

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.