StockNews.com started coverage on shares of Airgain (NASDAQ:AIRG – Free Report) in a report published on Sunday. The firm issued a hold rating on the technology company’s stock.
Airgain Stock Up 4.4 %
Shares of AIRG stock opened at $5.49 on Friday. The company has a 50 day moving average of $4.81 and a 200-day moving average of $3.83. Airgain has a 12-month low of $1.63 and a 12-month high of $6.37. The firm has a market cap of $57.70 million, a P/E ratio of -4.61 and a beta of 0.85.
Airgain (NASDAQ:AIRG – Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The technology company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.15). Airgain had a negative net margin of 22.18% and a negative return on equity of 24.77%. The firm had revenue of $10.07 million during the quarter, compared to the consensus estimate of $10.00 million. As a group, equities analysts expect that Airgain will post -0.44 EPS for the current year.
Insider Buying and Selling
Institutional Trading of Airgain
Several institutional investors and hedge funds have recently modified their holdings of AIRG. Blair William & Co. IL grew its stake in shares of Airgain by 16.7% in the 1st quarter. Blair William & Co. IL now owns 739,511 shares of the technology company’s stock worth $5,605,000 after buying an additional 105,601 shares in the last quarter. Ameriprise Financial Inc. boosted its stake 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 purchasing an additional 5,963 shares during the period. Vanguard Group Inc. lifted its holdings in Airgain by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 483,958 shares of the technology company’s stock valued at $3,668,000 after buying an additional 16,859 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Airgain by 3.0% during the 2nd quarter. Renaissance Technologies LLC now owns 470,236 shares of the technology company’s stock valued at $3,818,000 after buying an additional 13,610 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in Airgain by 8.1% during 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 buying an additional 33,103 shares in the last quarter. 52.76% of the stock is currently owned by institutional investors.
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; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.
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