StockNews.com Begins Coverage on Airgain (NASDAQ:AIRG)

StockNews.com started coverage on shares of Airgain (NASDAQ:AIRG) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the technology company’s stock.

A number of other research analysts also recently commented on AIRG. B. Riley decreased their price objective on shares of Airgain from $8.00 to $5.50 and set a neutral rating for the company in a research report on Friday, August 11th. Craig Hallum decreased their price objective on shares of Airgain from $8.00 to $6.00 and set a buy rating for the company in a research report on Friday, August 11th.

Airgain Trading Down 4.2 %

Airgain stock opened at $2.52 on Friday. The company has a fifty day simple moving average of $3.42 and a 200 day simple moving average of $4.50. Airgain has a 1-year low of $1.63 and a 1-year high of $8.50. The company has a market cap of $26.32 million, a P/E ratio of -2.57 and a beta of 0.98.

Institutional Trading of Airgain

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. boosted its holdings in shares of Airgain by 1.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 611,501 shares of the technology company’s stock worth $2,244,000 after buying an additional 5,963 shares during the period. First Eagle Investment Management LLC boosted its holdings in shares of Airgain by 8.1% during the 3rd quarter. First Eagle Investment Management LLC now owns 439,680 shares of the technology company’s stock worth $1,614,000 after buying an additional 33,103 shares during the period. Kennedy Capital Management LLC bought a new stake in shares of Airgain during the 2nd quarter worth about $101,000. BlackRock Inc. boosted its holdings in shares of Airgain by 1.4% during the 2nd quarter. BlackRock Inc. now owns 202,032 shares of the technology company’s stock worth $1,091,000 after buying an additional 2,873 shares during the period. Finally, Keystone Financial Group acquired a new stake in Airgain in the 2nd quarter worth about $403,000. Institutional investors own 53.15% of the company’s stock.

Airgain Company Profile

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; ultra-embedded antennas; SmartMax embedded antennas; and MaxBeam carrier class antennas, as well as automotive, fleet, public safety, and machine-to-machine antennas under the Antenna Plus brand.