Airspan Networks (NYSE:MIMO) Stock Rating Upgraded by Zacks Investment Research

Airspan Networks (NYSE:MIMOGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, Zacks.com reports.

According to Zacks, “Airspan Networks Holdings Inc. is a provider of groundbreaking, disruptive software and hardware for 5G networks and a pioneer in end-to-end Open RAN solutions which provide interoperability with other vendors. Airspan Networks Holdings Inc., formerly known as New Beginnings Acquisition Corp., is based in BOCA RATON, Fla. “

A number of other research firms have also commented on MIMO. Jefferies Financial Group lowered shares of Airspan Networks from a “buy” rating to a “hold” rating and reduced their price target for the company from $9.00 to $4.75 in a research report on Friday, March 25th. Northland Securities dropped their price objective on shares of Airspan Networks from $10.00 to $5.00 in a report on Wednesday, April 13th. Finally, Barrington Research dropped their price objective on shares of Airspan Networks from $9.00 to $7.00 in a report on Wednesday, April 13th.

MIMO opened at $2.55 on Friday. The company has a fifty day moving average price of $3.38 and a 200-day moving average price of $4.53. Airspan Networks has a one year low of $2.35 and a one year high of $14.41.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Oak Management Corp bought a new stake in Airspan Networks in the third quarter worth $191,309,000. Board of Trustees of The Leland Stanford Junior University bought a new stake in Airspan Networks in the third quarter worth $98,000. Kings Point Capital Management bought a new stake in Airspan Networks in the third quarter worth $75,000. Ghisallo Capital Management LLC bought a new stake in Airspan Networks in the third quarter worth $1,089,000. Finally, Hudson Bay Capital Management LP bought a new stake in Airspan Networks in the third quarter worth $1,670,000. 65.68% of the stock is owned by institutional investors.

About Airspan Networks (Get Rating)

Airspan Networks Holdings Inc provides 5G end-to-end, 4G, open RAN, and fixed wireless access hardware and software worldwide. It offers a range of 4G and 5G network build and network densification products with a portfolio of software and hardware tools for indoor and outdoor, compact femto, pico, micro, and macro base stations, as well as fixed wireless access and backhaul solutions portfolio for point-to-point and point-to-multipoint applications.

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