Airgain, Inc. (NASDAQ:AIRG) Receives $7.70 Average PT from Brokerages

Airgain, Inc. (NASDAQ:AIRG) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $7.70.

A number of research analysts recently commented on the company. Weiss Ratings cut Airgain from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. Roth Mkm reissued a “buy” rating and issued a $9.00 target price on shares of Airgain in a research note on Thursday, May 7th. Wall Street Zen cut Airgain from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Craig Hallum reissued a “buy” rating and issued a $9.00 target price on shares of Airgain in a research note on Thursday, May 7th. Finally, Northland Securities set a $8.50 target price on Airgain in a research note on Thursday, May 7th.

Airgain Stock Down 2.7%

Airgain stock opened at $6.21 on Friday. Airgain has a 52 week low of $3.00 and a 52 week high of $7.66. The business has a 50-day simple moving average of $6.81 and a 200 day simple moving average of $5.35. The stock has a market cap of $78.74 million, a price-to-earnings ratio of -11.29 and a beta of 0.88.

Airgain (NASDAQ:AIRG) last posted its earnings results on Wednesday, May 6th. The technology company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). Airgain had a negative return on equity of 15.42% and a negative net margin of 13.22%.The business had revenue of $11.51 million during the quarter, compared to analysts’ expectations of $11.48 million. Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. On average, research analysts anticipate that Airgain will post -0.22 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Michael Elbaz sold 3,787 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $6.77, for a total value of $25,637.99. Following the completion of the sale, the chief financial officer owned 135,506 shares of the company’s stock, valued at approximately $917,375.62. This represents a 2.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jacob Suen sold 4,573 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $6.51, for a total transaction of $29,770.23. Following the completion of the sale, the chief executive officer directly owned 281,431 shares of the company’s stock, valued at $1,832,115.81. This trade represents a 1.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,847 shares of company stock valued at $91,577 in the last ninety days. 17.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Airgain

A number of institutional investors have recently made changes to their positions in AIRG. XTX Topco Ltd purchased a new stake in shares of Airgain during the fourth quarter valued at approximately $44,000. Renaissance Technologies LLC boosted its stake in shares of Airgain by 4.6% during the first quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock valued at $1,850,000 after purchasing an additional 14,700 shares during the period. Susquehanna International Group LLP purchased a new stake in shares of Airgain during the third quarter valued at approximately $91,000. Citadel Advisors LLC boosted its stake in shares of 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 purchasing an additional 43,214 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Airgain during the fourth quarter valued at approximately $934,000. Hedge funds and other 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.