Airgain Inc (AIRG) Earns “Buy” Rating from B. Riley
Airgain Inc (NASDAQ:AIRG)‘s stock had its “buy” rating reiterated by analysts at B. Riley in a note issued to investors on Friday. They currently have a $12.50 price objective on the technology company’s stock. B. Riley’s target price suggests a potential upside of 40.61% from the stock’s previous close.
Several other analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Airgain from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Thursday, June 8th. Cowen and Company reissued a “buy” rating and issued a $19.00 price objective on shares of Airgain in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $17.34.
Shares of Airgain (NASDAQ AIRG) traded down 2.20% on Friday, reaching $8.89. The company had a trading volume of 406,627 shares. Airgain has a 52 week low of $8.81 and a 52 week high of $29.30. The stock’s 50 day moving average is $11.27 and its 200 day moving average is $13.36. The firm has a market capitalization of $84.85 million and a price-to-earnings ratio of 34.86.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Tudor Investment Corp Et Al bought a new stake in Airgain in the fourth quarter worth about $144,000. Wells Fargo & Company MN lifted its stake in 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 purchasing an additional 10,851 shares during the last quarter. Sigma Planning Corp bought a new stake in Airgain in the third quarter worth about $217,000. Citadel Advisors LLC bought a new stake in Airgain in the first quarter worth about $229,000. Finally, Menta Capital LLC bought a new stake in Airgain in the second quarter worth about $251,000. 35.63% of the stock is owned by institutional investors and hedge funds.
Airgain Company Profile
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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