Airgain (NASDAQ:AIRG) Shares Down 1.3% – Time to Sell?

Airgain, Inc. (NASDAQ:AIRG) was down 1.3% on Monday . The stock traded as low as $5.86 and last traded at $5.93. 64,448 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 66,455 shares. The stock had previously closed at $6.01.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Roth Capital reissued a “buy” rating and set a $9.00 price target on shares of Airgain in a research report on Thursday, May 7th. Wall Street Zen downgraded shares of Airgain from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Craig Hallum reiterated a “buy” rating and set a $9.00 target price on shares of Airgain in a report on Thursday, May 7th. Weiss Ratings downgraded shares of Airgain from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. Finally, Northland Securities set a $8.50 price objective on Airgain in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.70.

Airgain Stock Performance

The firm has a 50-day moving average price of $6.70 and a two-hundred day moving average price of $5.54. The firm has a market cap of $75.19 million, a price-to-earnings ratio of -10.78 and a beta of 0.89.

Airgain (NASDAQ:AIRG) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.08) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.08). Airgain had a negative net margin of 13.22% and a negative return on equity of 15.42%. The company had revenue of $11.51 million for the quarter, compared to analysts’ expectations of $11.47 million. Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. Research analysts anticipate that Airgain, Inc. will post -0.22 earnings per share for the current year.

Insider Activity

In other news, CEO Jacob Suen sold 4,573 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $6.51, for a total value of $29,770.23. Following the completion of the sale, the chief executive officer directly owned 281,431 shares of the company’s stock, valued at approximately $1,832,115.81. The trade was a 1.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Elbaz sold 3,787 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $6.77, for a total value of $25,637.99. Following the completion of the sale, the chief financial officer directly owned 135,506 shares of the company’s stock, valued at approximately $917,375.62. This trade represents a 2.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 12,847 shares of company stock valued at $86,067 over the last three months. Company insiders own 17.50% of the company’s stock.

Institutional Investors Weigh In On Airgain

Several large investors have recently modified their holdings of AIRG. XTX Topco Ltd acquired a new position in shares of Airgain in the 4th quarter valued at $44,000. Renaissance Technologies LLC raised its stake in Airgain by 4.6% during the 1st quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock valued at $1,850,000 after acquiring an additional 14,700 shares during the last quarter. Whitcomb & Hess Inc. raised its stake in Airgain by 36.0% during the 2nd quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company’s stock valued at $357,000 after acquiring an additional 15,022 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Airgain during the third quarter worth $91,000. Finally, Citadel Advisors LLC increased its stake in Airgain by 270.1% in the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after buying an additional 43,214 shares during the period. 52.76% of the stock is owned by institutional investors and hedge funds.

About Airgain

Airgain, Inc (NASDAQ: AIRG) is a provider of intelligent wireless connectivity solutions designed to enhance data transmission, network performance and antenna efficiency for a range of devices. Headquartered in San Diego, California, the company develops both embedded and external antenna systems, as well as associated connectivity software, to support wireless applications across cellular, Wi-Fi, machine-to-machine (M2M) and Internet of Things (IoT) markets.

The company’s product portfolio includes modular smart antennas, parallel path phase-diversity antennas and advanced array antenna solutions that are optimized for environments such as smart homes, industrial automation, transportation and enterprise networking.