Airgain, Inc. (NASDAQ:AIRG) Given Consensus Rating of “Moderate Buy” by Analysts

Airgain, Inc. (NASDAQ:AIRG) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $7.70.

A number of research analysts have recently weighed in on the company. Northland Securities set a $8.50 price target on Airgain in a report on Thursday, May 7th. Craig Hallum reissued a “buy” rating and issued a $9.00 price objective on shares of Airgain in a research note on Thursday, May 7th. Wall Street Zen lowered Airgain from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Roth Capital reaffirmed a “buy” rating and set a $9.00 target price on shares of Airgain in a research note on Thursday, May 7th. Finally, Weiss Ratings downgraded Airgain from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 18th.

Airgain Trading Up 0.2%

AIRG stock opened at $5.94 on Wednesday. Airgain has a one year low of $3.00 and a one year high of $7.66. The firm has a 50-day moving average of $6.58 and a two-hundred day moving average of $5.63. The firm has a market capitalization of $75.32 million, a PE ratio of -10.80 and a beta of 0.89.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08). Airgain had a negative net margin of 13.22% and a negative return on equity of 15.42%. The firm 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. On average, equities research analysts anticipate that Airgain will post -0.22 earnings per share for the current year.

Insider Activity at Airgain

In other Airgain news, CEO Jacob Suen sold 4,573 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were 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 owned 281,431 shares in the company, valued at $1,832,115.81. This represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Elbaz sold 3,787 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $6.77, for a total transaction of $25,637.99. Following the completion of the sale, the chief financial officer owned 135,506 shares of the company’s stock, valued at approximately $917,375.62. The trade was a 2.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 11,847 shares of company stock valued at $79,857. 17.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Airgain

A number of hedge funds have recently modified their holdings of AIRG. Nano Cap New Millennium Growth Fund L P acquired a new stake in Airgain during the fourth quarter valued at $934,000. Citadel Advisors LLC increased its position in Airgain by 270.1% in the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after purchasing an additional 43,214 shares during the last quarter. Susquehanna International Group LLP acquired a new position in Airgain in the 3rd quarter worth about $91,000. Whitcomb & Hess Inc. raised its stake in shares of Airgain by 36.0% during the 2nd quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company’s stock worth $357,000 after purchasing an additional 15,022 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Airgain by 4.6% during the 1st quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock worth $1,850,000 after purchasing an additional 14,700 shares in the last quarter. 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.