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

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

Several brokerages recently weighed in on AIRG. Wall Street Zen lowered Airgain from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded shares of Airgain from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 23rd.

Insider Activity

In other Airgain news, Director James K. Sims purchased 8,269 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was acquired at an average cost of $5.11 per share, with a total value of $42,254.59. Following the acquisition, the director owned 457,733 shares of the company’s stock, valued at approximately $2,339,015.63. This represents a 1.84% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 17.50% of the company’s stock.

Hedge Funds Weigh In On Airgain

Hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in Airgain in the fourth quarter valued at $44,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Airgain in the 2nd quarter valued at about $74,000. Bank of America Corp DE bought a new stake in Airgain in the 2nd quarter valued at about $77,000. AXQ Capital LP acquired a new position in Airgain during the 2nd quarter valued at about $79,000. Finally, Susquehanna International Group LLP acquired a new position in Airgain during the 3rd quarter valued at about $91,000. 52.76% of the stock is currently owned by institutional investors and hedge funds.

Airgain Stock Performance

Airgain stock opened at $5.25 on Thursday. Airgain has a 52 week low of $3.00 and a 52 week high of $7.66. The stock has a market cap of $68.78 million, a P/E ratio of -9.37 and a beta of 0.93. The stock has a 50 day moving average of $5.66 and a 200-day moving average of $5.86.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.02 earnings per share (EPS) for the quarter. Airgain had a negative net margin of 13.65% and a negative return on equity of 13.72%. The firm had revenue of $13.70 million for the quarter, compared to analysts’ expectations of $13.45 million. Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. As a group, equities analysts predict that Airgain will post -0.19 earnings per share for the current fiscal year.

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.