Airgain, Inc. (NASDAQ:AIRG) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Airgain, Inc. (NASDAQ:AIRG) have earned an average rating of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $6.20.

AIRG has been the subject of several research reports. Royal Bank Of Canada set a $6.00 target price on Airgain in a research note on Wednesday, January 21st. Lake Street Capital began coverage on Airgain in a research note on Wednesday, January 21st. They issued a “buy” rating and a $6.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airgain in a research report on Wednesday, January 21st. Craig Hallum decreased their price target on shares of Airgain from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Finally, Northland Securities dropped their price objective 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.

Airgain Stock Up 5.7%

NASDAQ:AIRG opened at $5.58 on Friday. Airgain has a twelve month low of $3.00 and a twelve month high of $7.39. The company has a fifty day moving average of $4.29 and a 200-day moving average of $4.23. The firm has a market capitalization of $66.74 million, a P/E ratio of -11.16 and a beta of 0.94.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. Airgain had a negative net margin of 10.87% and a negative return on equity of 16.03%. The business had revenue of $14.02 million during the quarter, compared to analysts’ expectations of $14.13 million. On average, analysts anticipate that Airgain will post -0.53 EPS for the current fiscal year.

Insider Activity at Airgain

In related news, CEO Jacob Suen sold 6,112 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $5.01, for a total transaction of $30,621.12. Following the completion of the transaction, the chief executive officer owned 287,523 shares in the company, valued at approximately $1,440,490.23. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 43,179 shares of company stock valued at $182,993 in the last three months. Corporate insiders own 17.80% of the company’s stock.

Hedge Funds Weigh In On Airgain

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marathon Capital Management purchased a new stake in Airgain during the 2nd quarter worth about $42,000. Farther Finance Advisors LLC boosted its position in shares of Airgain by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock valued at $167,000 after acquiring an additional 7,500 shares during the period. Citadel Advisors LLC grew its stake 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 acquiring an additional 43,214 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Airgain during the 3rd quarter worth approximately $91,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in Airgain in the 4th quarter worth approximately $934,000. 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.