Airgain Inc (NASDAQ:AIRG) Director Arthur M. Toscanini sold 1,508 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $13.04, for a total transaction of $19,664.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
AIRG traded down $0.39 on Friday, reaching $12.72. The company had a trading volume of 171,000 shares, compared to its average volume of 55,767. Airgain Inc has a fifty-two week low of $7.40 and a fifty-two week high of $14.17. The firm has a market cap of $130.52 million, a P/E ratio of -47.11 and a beta of 1.68.
Airgain (NASDAQ:AIRG) last announced its quarterly earnings results on Thursday, February 14th. The technology company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.09. Airgain had a negative net margin of 4.26% and a negative return on equity of 5.89%. The business had revenue of $16.56 million for the quarter, compared to analyst estimates of $16.44 million. During the same quarter in the prior year, the business earned $0.10 EPS. Airgain’s quarterly revenue was up 29.3% on a year-over-year basis. Analysts anticipate that Airgain Inc will post 0.13 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc grew its stake in Airgain by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 340,094 shares of the technology company’s stock valued at $4,469,000 after buying an additional 1,900 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in Airgain in the 4th quarter valued at about $75,000. Gagnon Securities LLC acquired a new position in Airgain in the 3rd quarter valued at about $117,000. Dimensional Fund Advisors LP grew its stake in Airgain by 37.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 59,605 shares of the technology company’s stock valued at $591,000 after buying an additional 16,137 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Airgain by 49.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,780 shares of the technology company’s stock valued at $680,000 after buying an additional 17,238 shares during the last quarter. Institutional investors and hedge funds own 35.24% of the company’s stock.
Separately, Zacks Investment Research raised shares of Airgain from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Friday, February 15th. Five investment analysts have rated the stock with a buy rating, Airgain currently has a consensus rating of “Buy” and a consensus price target of $13.67.
COPYRIGHT VIOLATION WARNING: This news story was first published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2019/03/15/airgain-inc-airg-director-arthur-m-toscanini-sells-1508-shares.html.
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.
Further Reading: P/E Growth (PEG)
Receive News & Ratings for Airgain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airgain and related companies with MarketBeat.com's FREE daily email newsletter.