Airgain Inc (NASDAQ:AIRG) has been given a consensus recommendation of “Buy” by the seven analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $14.00.
Several equities research analysts recently issued reports on the stock. William Blair assumed coverage on shares of Airgain in a report on Friday, August 10th. They issued an “outperform” rating on the stock. B. Riley upgraded shares of Airgain from a “neutral” rating to a “buy” rating and raised their target price for the stock from $8.50 to $13.00 in a report on Friday, August 10th. ValuEngine upgraded shares of Airgain from a “hold” rating to a “buy” rating in a report on Friday, August 10th. TheStreet upgraded shares of Airgain from a “d+” rating to a “c” rating in a report on Monday, September 17th. Finally, Zacks Investment Research upgraded shares of Airgain from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Wednesday, October 31st.
Hedge funds have recently modified their holdings of the stock. Blair William & Co. IL boosted its holdings in Airgain by 8.2% in the third quarter. Blair William & Co. IL now owns 613,383 shares of the technology company’s stock worth $8,060,000 after purchasing an additional 46,375 shares during the last quarter. Northpointe Capital LLC raised its position in Airgain by 332.7% in the third quarter. Northpointe Capital LLC now owns 265,951 shares of the technology company’s stock worth $3,495,000 after acquiring an additional 204,487 shares during the period. Perkins Capital Management Inc. bought a new position in Airgain in the third quarter worth approximately $822,000. UBS Group AG raised its position in Airgain by 144.6% in the first quarter. UBS Group AG now owns 25,143 shares of the technology company’s stock worth $195,000 after acquiring an additional 81,464 shares during the period. Finally, Dimensional Fund Advisors LP bought a new position in Airgain in the second quarter worth approximately $138,000. Institutional investors own 32.34% of the company’s stock.
NASDAQ:AIRG opened at $10.99 on Friday. Airgain has a 52 week low of $7.40 and a 52 week high of $14.17. The company has a market cap of $117.99 million, a PE ratio of 99.91 and a beta of 1.54.
Airgain (NASDAQ:AIRG) last posted its quarterly earnings results on Thursday, November 1st. The technology company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. Airgain had a negative net margin of 5.74% and a negative return on equity of 7.35%. The firm had revenue of $15.80 million for the quarter, compared to analysts’ expectations of $15.70 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The business’s revenue for the quarter was up 27.4% on a year-over-year basis. As a group, sell-side analysts forecast that Airgain will post -0.37 EPS for the current year.
Airgain Company Profile
Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, and service providers worldwide. Its products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; omnimax high performance external antennas; MaxBeam carrier class antennas; and SmartMax embedded antennas, as well as automotive, fleet, public safety, and M2M antennas.
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