Brokerages Set Airgain, Inc. (NASDAQ:AIRG) PT at $7.70

Shares of Airgain, Inc. (NASDAQ:AIRG) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $7.70.

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

Airgain Stock Performance

AIRG stock opened at $5.99 on Wednesday. The firm has a market cap of $75.95 million, a price-to-earnings ratio of -10.89 and a beta of 0.89. The firm has a 50-day simple moving average of $6.62 and a two-hundred day simple moving average of $5.60. Airgain has a one year low of $3.00 and a one year high of $7.66.

Airgain (NASDAQ:AIRG) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $11.47 million. Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. As a group, equities analysts predict that Airgain will post -0.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Michael Elbaz sold 3,787 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $6.77, for a total transaction of $25,637.99. Following the transaction, the chief financial officer owned 135,506 shares in the company, valued at $917,375.62. This trade represents a 2.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jacob Suen sold 4,573 shares of the 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 transaction, the chief executive officer directly owned 281,431 shares in the company, valued at approximately $1,832,115.81. The trade was a 1.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 11,847 shares of company stock worth $79,857 over the last three months. 17.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Airgain

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new stake in shares of Airgain in the fourth quarter valued at about $44,000. Susquehanna International Group LLP purchased a new position in Airgain during the third quarter worth about $91,000. Citadel Advisors LLC boosted its holdings in Airgain by 270.1% in the 3rd 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 last quarter. Whitcomb & Hess Inc. boosted its holdings in Airgain by 36.0% in the 2nd quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company’s stock valued at $357,000 after purchasing an additional 15,022 shares during the last quarter. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Airgain in the 4th quarter valued at approximately $934,000. Institutional investors and hedge funds 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.