Airgain, Inc. (AIRG) Cut to Strong Sell at Zacks Investment Research
Zacks Investment Research cut shares of Airgain, Inc. (NASDAQ:AIRG) from a hold rating to a strong sell rating in a research report report published on Thursday morning.
According to Zacks, “Airgain, Inc. is a provider of embedded antenna technologies. It offers antennas for the devices which are deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways, media adapters and digital televisions. The company also offers residential wireless local area network or wireless fidelity to carriers, original equipment manufacturers, original design manufacturers and system designers. Airgain, Inc. is based in San Diego, United States. “
Several other equities analysts have also recently issued reports on the stock. Cowen and Company restated a buy rating and issued a $19.00 price target on shares of Airgain in a research report on Thursday, August 10th. B. Riley restated a buy rating and issued a $17.00 price target on shares of Airgain in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $18.09.
Airgain (NASDAQ AIRG) traded down 0.83% during mid-day trading on Thursday, reaching $9.60. 222,919 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $12.68 and a 200-day moving average of $13.96. Airgain has a 12 month low of $9.36 and a 12 month high of $29.30. The firm has a market cap of $91.62 million and a price-to-earnings ratio of 37.65.
Several large investors have recently bought and sold shares of AIRG. Wells Fargo & Company MN boosted its stake in Airgain by 723.4% in the first quarter. Wells Fargo & Company MN now owns 12,351 shares of the technology company’s stock valued at $187,000 after buying an additional 10,851 shares during the period. Citadel Advisors LLC purchased a new stake in Airgain during the first quarter valued at $229,000. Bank of New York Mellon Corp boosted its stake in Airgain by 90.5% in the first quarter. Bank of New York Mellon Corp now owns 146,570 shares of the technology company’s stock valued at $2,222,000 after buying an additional 69,624 shares during the period. Underhill Investment Management LLC boosted its stake in Airgain by 64.0% in the second quarter. Underhill Investment Management LLC now owns 207,000 shares of the technology company’s stock valued at $2,935,000 after buying an additional 80,750 shares during the period. Finally, Worth Venture Partners LLC purchased a new stake in Airgain during the first quarter valued at $605,000. Institutional investors own 36.33% of the company’s stock.
Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.
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