B. Riley Lowers Airgain, Inc. (AIRG) Price Target to $10.00
Airgain, Inc. (NASDAQ:AIRG) had its price objective cut by analysts at B. Riley from $12.50 to $10.00 in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the technology company’s stock. B. Riley’s price objective would suggest a potential upside of 17.79% from the stock’s current price.
Several other equities research analysts have also recently issued reports on AIRG. Cowen and Company restated a “buy” rating and set a $19.00 price objective on shares of Airgain in a report on Thursday, August 10th. Zacks Investment Research cut Airgain from a “hold” rating to a “strong sell” rating in a report on Thursday, August 17th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $16.10.
Airgain (AIRG) traded up $0.50 during mid-day trading on Friday, hitting $8.49. The stock had a trading volume of 329,000 shares, compared to its average volume of 117,313. Airgain has a 1-year low of $7.31 and a 1-year high of $29.30. The company has a quick ratio of 5.00, a current ratio of 5.07 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $81.03, a PE ratio of 30.32 and a beta of 1.49.
In other news, Director Francis X. Egan bought 10,276 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were acquired at an average cost of $8.99 per share, with a total value of $92,381.24. Following the transaction, the director now owns 50,000 shares of the company’s stock, valued at approximately $449,500. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 23.40% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Hood River Capital Management LLC raised its position in shares of Airgain by 16.4% in the 2nd quarter. Hood River Capital Management LLC now owns 414,879 shares of the technology company’s stock worth $5,883,000 after buying an additional 58,444 shares during the period. Cortina Asset Management LLC purchased a new position in shares of Airgain in the 3rd quarter worth $3,317,000. Manatuck Hill Partners LLC raised its position in shares of Airgain by 4.0% in the 2nd quarter. Manatuck Hill Partners LLC now owns 312,000 shares of the technology company’s stock worth $4,424,000 after buying an additional 12,000 shares during the period. Blair William & Co. IL raised its position in shares of Airgain by 1,138.9% in the 2nd quarter. Blair William & Co. IL now owns 259,292 shares of the technology company’s stock worth $3,677,000 after buying an additional 238,362 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Airgain by 14.7% in the 2nd quarter. Vanguard Group Inc. now owns 253,971 shares of the technology company’s stock worth $3,601,000 after buying an additional 32,587 shares during the period. 37.18% of the stock is currently owned by institutional investors and hedge funds.
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.
Receive News & Ratings for Airgain Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airgain Inc. and related companies with MarketBeat.com's FREE daily email newsletter.