Airgain’s (AIRG) “Buy” Rating Reiterated at B. Riley
Airgain, Inc. (NASDAQ:AIRG)‘s stock had its “buy” rating reiterated by analysts at B. Riley in a report released on Friday. They presently have a $17.00 target price on the technology company’s stock. B. Riley’s price objective would suggest a potential upside of 60.83% from the company’s current price.
AIRG has been the topic of a number of other research reports. Cowen and Company reiterated an “outperform” rating and issued a $22.00 price objective on shares of Airgain in a report on Wednesday, April 12th. Zacks Investment Research upgraded shares of Airgain from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Thursday, June 8th. Seven investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $18.59.
Airgain (NASDAQ AIRG) traded down 22.56% during mid-day trading on Friday, hitting $10.57. The stock had a trading volume of 1,093,554 shares. The company has a 50 day moving average price of $13.79 and a 200-day moving average price of $14.38. Airgain has a one year low of $9.76 and a one year high of $29.30. The company has a market cap of $100.63 million and a price-to-earnings ratio of 26.49.
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Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new position in shares of Airgain during the fourth quarter worth approximately $1,442,000. Wells Fargo & Company MN raised its position in shares of Airgain by 723.4% in the first quarter. Wells Fargo & Company MN now owns 12,351 shares of the technology company’s stock worth $187,000 after buying an additional 10,851 shares in the last quarter. Tudor Investment Corp Et Al purchased a new position in shares of Airgain during the fourth quarter worth approximately $144,000. Citadel Advisors LLC purchased a new position in shares of Airgain during the first quarter worth approximately $229,000. Finally, Bank of New York Mellon Corp raised its position in shares of Airgain by 90.5% in the first quarter. Bank of New York Mellon Corp now owns 146,570 shares of the technology company’s stock worth $2,222,000 after buying an additional 69,624 shares in the last quarter. Hedge funds and other institutional investors own 34.79% of the company’s stock.
Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.
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