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

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

A number of analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airgain in a research report on Wednesday, January 21st. Northland Securities decreased their target price on Airgain from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Monday, November 17th. Lake Street Capital started coverage on shares of Airgain in a report on Wednesday, January 21st. They issued a “buy” rating and a $6.00 price target on the stock. Finally, Royal Bank Of Canada set a $6.00 price objective on shares of Airgain in a research note on Wednesday, January 21st.

Insider Transactions at Airgain

In other Airgain news, CEO Jacob Suen sold 15,993 shares of the stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $4.00, for a total transaction of $63,972.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 41,245 shares of company stock worth $177,405 in the last three months. Insiders own 17.80% of the company’s stock.

Institutional Trading of Airgain

Several hedge funds and other institutional investors have recently bought and sold shares of AIRG. Marathon Capital Management purchased a new position in shares of Airgain during the 2nd quarter valued at approximately $42,000. XTX Topco Ltd purchased a new position in Airgain in the fourth quarter valued at $44,000. Susquehanna International Group LLP acquired a new position in shares of Airgain in the third quarter worth about $91,000. Citadel Advisors LLC boosted its stake in shares of Airgain by 270.1% during the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after acquiring an additional 43,214 shares in the last quarter. Finally, 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 in the last quarter. 52.76% of the stock is owned by institutional investors and hedge funds.

Airgain Price Performance

Shares of AIRG opened at $3.96 on Thursday. The firm has a market capitalization of $48.39 million, a PE ratio of -7.47 and a beta of 0.93. Airgain has a 1-year low of $3.00 and a 1-year high of $5.85. The company’s fifty day moving average price is $4.50 and its 200-day moving average price is $4.24.

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.