Airgain (NASDAQ:AIRG) Upgraded to Hold at Wall Street Zen

Airgain (NASDAQ:AIRG) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Other research analysts have also issued reports about the company. Lake Street Capital initiated coverage on Airgain in a report on Wednesday, January 21st. They issued a “buy” rating and a $6.00 price objective on the stock. Royal Bank Of Canada set a $6.00 target price on Airgain in a report on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Airgain in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $6.20.

Airgain Price Performance

Shares of AIRG stock opened at $5.33 on Friday. The business has a fifty day moving average of $4.64 and a 200 day moving average of $4.28. Airgain has a 1 year low of $3.00 and a 1 year high of $5.85. The firm has a market capitalization of $65.13 million, a price-to-earnings ratio of -10.06 and a beta of 0.93.

Insider Buying and Selling at Airgain

In other Airgain news, CTO Ali Sadri sold 13,638 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $4.12, for a total value of $56,188.56. Following the sale, the chief technology officer directly owned 126,263 shares of the company’s stock, valued at approximately $520,203.56. This represents a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jacob Suen sold 37,314 shares of the stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $4.12, for a total value of $153,733.68. Following the sale, the chief executive officer directly owned 284,431 shares in the company, valued at $1,171,855.72. This represents a 11.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 106,966 shares of company stock valued at $449,936. 17.80% of the stock is owned by insiders.

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 Airgain during the second quarter valued at approximately $42,000. XTX Topco Ltd purchased a new stake in Airgain in the 4th quarter worth approximately $44,000. Susquehanna International Group LLP acquired a new stake in shares of Airgain during the 3rd quarter worth approximately $91,000. Citadel Advisors LLC grew 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 purchasing an additional 43,214 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings 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 valued at $167,000 after purchasing an additional 7,500 shares in the last quarter. 52.76% of the stock is owned by institutional investors and hedge funds.

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.