Airgain (NASDAQ:AIRG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Airgain (NASDAQ:AIRG) to a hold rating in a research note published on Saturday.

Several other analysts have also issued reports on the stock. Lake Street Capital initiated coverage on shares of Airgain in a research report on Wednesday, January 21st. They issued a “buy” rating and a $6.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Airgain in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada set a $6.00 target price on shares of Airgain in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $6.20.

Airgain Stock Performance

Shares of Airgain stock opened at $5.46 on Friday. The stock has a market capitalization of $66.72 million, a P/E ratio of -10.30 and a beta of 0.93. Airgain has a 52-week low of $3.00 and a 52-week high of $5.85. The stock’s 50-day simple moving average is $4.66 and its 200 day simple moving average is $4.29.

Insider Activity

In other news, CFO Michael Elbaz sold 12,769 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $4.12, for a total value of $52,608.28. Following the sale, the chief financial officer directly owned 140,780 shares of the company’s stock, valued at approximately $580,013.60. This represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Ali Sadri sold 13,638 shares of the stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $4.12, for a total transaction of $56,188.56. Following the completion of the sale, the chief technology officer directly owned 126,263 shares in the company, valued at approximately $520,203.56. The trade was a 9.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 106,966 shares of company stock worth $449,936 over the last ninety days. Company insiders own 17.80% of the company’s stock.

Institutional Trading of Airgain

Institutional investors and hedge funds have recently bought and sold shares of the company. Marathon Capital Management purchased a new position in shares of Airgain during the 2nd quarter valued at $42,000. Farther Finance Advisors LLC raised its position in shares of 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 raised its position in shares of 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 stake in Airgain during the third quarter valued at $91,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in Airgain during the fourth quarter valued at $934,000. 52.76% of the stock is currently owned by hedge funds and other 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.