Airgain, Inc. (AIRG) Given New $10.00 Price Target at B. Riley
Airgain, Inc. (NASDAQ:AIRG) had its price objective lowered by B. Riley from $12.50 to $10.00 in a research note published on Friday, MarketBeat reports. The brokerage currently has a buy rating on the technology company’s stock.
Several other equities analysts have also weighed in on the company. Zacks Investment Research raised Airgain from a sell rating to a hold rating in a report on Tuesday, November 7th. Cowen and Company reissued a buy rating and set a $19.00 price objective on shares of Airgain in a report on Thursday, August 10th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $16.10.
Shares of Airgain (NASDAQ AIRG) traded up $0.28 during midday trading on Friday, reaching $8.77. The company’s stock had a trading volume of 85,500 shares, compared to its average volume of 172,879. Airgain has a 1-year low of $7.31 and a 1-year high of $29.30. The company has a market capitalization of $80.87, a price-to-earnings ratio of 30.32 and a beta of 1.49. The company has a current ratio of 5.07, a quick ratio of 5.00 and a debt-to-equity ratio of 0.01.
In related news, Director Francis X. Egan bought 10,276 shares of the company’s stock in a transaction on Monday, September 11th. The shares were purchased at an average price of $8.99 per share, for a total transaction of $92,381.24. Following the completion of the transaction, the director now directly owns 50,000 shares in the company, valued at approximately $449,500. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 23.40% of the company’s stock.
Several large investors have recently bought and sold shares of AIRG. Cortina Asset Management LLC purchased a new stake in shares of Airgain during the third quarter worth $3,317,000. Blair William & Co. IL lifted its position in shares of Airgain by 1,138.9% during the second quarter. Blair William & Co. IL now owns 259,292 shares of the technology company’s stock worth $3,677,000 after acquiring an additional 238,362 shares in the last quarter. Skylands Capital LLC purchased a new stake in shares of Airgain during the third quarter worth $1,854,000. Rice Hall James & Associates LLC purchased a new stake in shares of Airgain in the third quarter worth $1,351,000. Finally, Underhill Investment Management LLC raised its position in shares of Airgain by 64.0% in the second quarter. Underhill Investment Management LLC now owns 207,000 shares of the technology company’s stock worth $2,935,000 after buying an additional 80,750 shares in the last quarter. Hedge funds and other institutional investors own 32.21% 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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