Airgain (NASDAQ:AIRG) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Airgain (NASDAQ:AIRG) in a research report issued on Sunday. The brokerage set a “hold” rating on the technology company’s stock.

Airgain Price Performance

Shares of Airgain stock opened at $5.31 on Friday. Airgain has a 1 year low of $1.63 and a 1 year high of $6.37. The business has a 50-day moving average of $4.77 and a two-hundred day moving average of $3.81. The company has a market capitalization of $55.81 million, a P/E ratio of -4.46 and a beta of 0.85.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings results on Wednesday, March 6th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.15). The business had revenue of $10.07 million during the quarter, compared to the consensus estimate of $10.00 million. Airgain had a negative return on equity of 24.77% and a negative net margin of 22.18%. On average, equities analysts anticipate that Airgain will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling at Airgain

In other Airgain news, CTO Ali Sadri sold 5,379 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $5.10, for a total value of $27,432.90. Following the completion of the transaction, the chief technology officer now directly owns 96,958 shares in the company, valued at $494,485.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Jacob Suen sold 10,639 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $5.10, for a total value of $54,258.90. Following the completion of the sale, the chief executive officer now directly owns 236,275 shares of the company’s stock, valued at $1,205,002.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Ali Sadri sold 5,379 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $5.10, for a total value of $27,432.90. Following the completion of the sale, the chief technology officer now directly owns 96,958 shares of the company’s stock, valued at $494,485.80. The disclosure for this sale can be found here. Insiders sold a total of 23,814 shares of company stock worth $122,510 over the last ninety days. 15.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Airgain

Hedge funds have recently added to or reduced their stakes in the company. Perkins Capital Management Inc. lifted its holdings in Airgain by 2,350.5% during the 4th quarter. Perkins Capital Management Inc. now owns 379,820 shares of the technology company’s stock worth $1,352,000 after purchasing an additional 364,320 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in Airgain by 8.1% in the 3rd quarter. First Eagle Investment Management LLC now owns 439,680 shares of the technology company’s stock valued at $1,614,000 after acquiring an additional 33,103 shares in the last quarter. Trexquant Investment LP raised its holdings in Airgain by 7.1% in the 3rd quarter. Trexquant Investment LP now owns 29,271 shares of the technology company’s stock valued at $211,000 after acquiring an additional 1,946 shares in the last quarter. Northern Trust Corp raised its holdings in Airgain by 171.6% in the 4th quarter. Northern Trust Corp now owns 45,228 shares of the technology company’s stock valued at $161,000 after acquiring an additional 28,578 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings in Airgain by 14.9% in the 2nd quarter. Citadel Advisors LLC now owns 14,927 shares of the technology company’s stock valued at $121,000 after acquiring an additional 1,934 shares in the last quarter. 52.76% of the stock is owned by institutional investors and hedge funds.

About Airgain

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.