Airgain, Inc. (NASDAQ:AIRG) Receives Average Rating of “Moderate Buy” from Brokerages

Airgain, Inc. (NASDAQ:AIRG) has received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $6.20.

AIRG has been the topic of a number of recent analyst reports. Lake Street Capital assumed coverage on shares of Airgain in a research note on Wednesday, January 21st. They issued a “buy” rating and a $6.00 target price on the stock. Craig Hallum cut their price target on shares of Airgain from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Northland Securities lowered their price objective on shares of Airgain from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Monday, November 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airgain in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada set a $6.00 target price on shares of Airgain in a research report on Wednesday, January 21st.

Airgain Trading Down 1.0%

Shares of AIRG opened at $3.99 on Thursday. The company has a market cap of $48.76 million, a PE ratio of -7.53 and a beta of 0.93. The stock has a 50-day moving average price of $4.50 and a 200-day moving average price of $4.25. Airgain has a 12-month low of $3.00 and a 12-month high of $5.85.

Insiders Place Their Bets

In other Airgain news, CEO Jacob Suen sold 6,112 shares of Airgain stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $5.01, for a total transaction of $30,621.12. Following the completion of the sale, the chief executive officer owned 287,523 shares of the company’s stock, valued at $1,440,490.23. The trade was a 2.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 41,245 shares of company stock worth $177,405 in the last quarter. Company insiders own 17.80% of the company’s stock.

Hedge Funds Weigh In On Airgain

Several institutional investors have recently modified their holdings of AIRG. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Airgain during the 4th quarter valued at about $934,000. Farther Finance Advisors LLC boosted its stake in Airgain by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock worth $167,000 after buying an additional 7,500 shares in the last quarter. Citadel Advisors LLC boosted its stake in Airgain by 270.1% in the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after buying an additional 43,214 shares in the last quarter. Susquehanna International Group LLP bought a new position in Airgain during the third quarter valued at approximately $91,000. Finally, XTX Topco Ltd bought a new position in Airgain during the fourth quarter valued at approximately $44,000. 52.76% of the stock is currently owned by institutional investors.

Airgain Company Profile

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.