Lake Street Capital Begins Coverage on Airgain (NASDAQ:AIRG)

Equities researchers at Lake Street Capital initiated coverage on shares of Airgain (NASDAQ:AIRG) in a research note issued on Wednesday, Marketbeat reports. The firm set a “buy” rating and a $6.00 price target on the technology company’s stock. Lake Street Capital’s price objective would indicate a potential upside of 36.05% from the stock’s previous close.

Several other research firms have also recently weighed in on AIRG. Weiss Ratings restated a “sell (d-)” rating on shares of Airgain in a research note on Wednesday, October 8th. Craig Hallum reduced their price objective on Airgain from $7.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Finally, Northland Securities lowered their target price on shares of Airgain from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Monday, November 17th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.20.

Airgain Stock Performance

Shares of AIRG stock opened at $4.41 on Wednesday. The company has a market capitalization of $52.74 million, a price-to-earnings ratio of -8.82 and a beta of 0.87. Airgain has a one year low of $3.00 and a one year high of $8.47. The company’s 50-day moving average is $4.06 and its 200 day moving average is $4.21.

Airgain (NASDAQ:AIRG) last issued its earnings results on Wednesday, November 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Airgain had a negative net margin of 10.87% and a negative return on equity of 16.03%. The firm had revenue of $14.02 million for the quarter, compared to the consensus estimate of $14.13 million. Airgain has set its Q4 2025 guidance at 0.000-0.000 EPS. As a group, research analysts predict that Airgain will post -0.53 earnings per share for the current fiscal year.

Insider Transactions at Airgain

In other Airgain news, CEO Jacob Suen sold 15,993 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $4.00, for a total value of $63,972.00. Following the transaction, the chief executive officer directly owned 293,635 shares of the company’s stock, valued at approximately $1,174,540. This trade represents a 5.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 33,179 shares of company stock valued at $132,637 over the last 90 days. Company insiders own 17.80% of the company’s stock.

Hedge Funds Weigh In On Airgain

Several institutional investors have recently made changes to their positions in AIRG. Citadel Advisors LLC grew its position in Airgain by 270.1% during the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after buying an additional 43,214 shares during the period. Susquehanna International Group LLP bought a new position in Airgain in the third quarter worth approximately $91,000. Farther Finance Advisors LLC boosted its stake in shares of Airgain by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock worth $167,000 after acquiring an additional 7,500 shares during the last quarter. Finally, Marathon Capital Management bought a new stake in shares of Airgain during the 2nd quarter valued at $42,000. Institutional investors own 52.76% of the company’s stock.

Airgain Company Profile

Airgain, Inc (NASDAQ: AIRG) is a provider of intelligent wireless connectivity solutions designed to enhance data transmission, network performance and antenna efficiency for a range of devices. Headquartered in San Diego, California, the company develops both embedded and external antenna systems, as well as associated connectivity software, to support wireless applications across cellular, Wi-Fi, machine-to-machine (M2M) and Internet of Things (IoT) markets.

The company’s product portfolio includes modular smart antennas, parallel path phase-diversity antennas and advanced array antenna solutions that are optimized for environments such as smart homes, industrial automation, transportation and enterprise networking.