Airgain Inc (AIRG) Downgraded to Hold at Wunderlich
Airgain Inc (NASDAQ:AIRG) was downgraded by analysts at Wunderlich from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday. They currently have a $14.00 price objective on the stock. Wunderlich’s target price suggests a potential downside of 13.15% from the company’s current price.
Separately, Northland Securities started coverage on shares of Airgain in a report on Tuesday, September 6th. They issued an “outperform” rating and a $15.00 target price on the stock.
Shares of Airgain (NASDAQ:AIRG) opened at 16.12 on Wednesday. Airgain has a 1-year low of $9.76 and a 1-year high of $16.91. The firm’s market cap is $116.66 million. The company has a 50 day moving average of $12.65 and a 200 day moving average of $12.65.
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Airgain (NASDAQ:AIRG) last announced its quarterly earnings data on Tuesday, September 20th. The company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.16. The business earned $9.86 million during the quarter, compared to analyst estimates of $9.65 million. The business’s quarterly revenue was up 62.7% compared to the same quarter last year. On average, equities analysts forecast that Airgain will post $0.27 earnings per share for the current fiscal year.
Airgain, Inc is a provider of embedded antenna technologies used to enable high performance wireless networking. The Company’s operations are located primarily in the United States, and most of its assets are located in San Diego, California. It operates through a segment related to the sale of antenna products.
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