Airgain, Inc. (NASDAQ:AIRG) Receives Consensus Rating of “Hold” from Analysts

Airgain, Inc. (NASDAQ:AIRGGet Rating) has received a consensus rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $15.50.

Several equities analysts have weighed in on AIRG shares. Cowen dropped their target price on shares of Airgain from $13.00 to $11.00 in a report on Friday, February 25th. B. Riley lowered shares of Airgain from a “buy” rating to a “neutral” rating and cut their price target for the company from $20.00 to $10.00 in a report on Tuesday, February 22nd. StockNews.com initiated coverage on shares of Airgain in a research note on Thursday, March 31st. They issued a “sell” rating for the company. Finally, Zacks Investment Research raised shares of Airgain from a “sell” rating to a “hold” rating in a report on Tuesday, January 11th.

In other Airgain news, Director James K. Sims bought 5,000 shares of the stock in a transaction on Tuesday, March 1st. The shares were bought at an average price of $9.08 per share, with a total value of $45,400.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James K. Sims purchased 4,612 shares of the stock in a transaction that occurred on Tuesday, March 15th. The stock was purchased at an average cost of $7.60 per share, with a total value of $35,051.20. The disclosure for this purchase can be found here. Insiders own 11.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Barclays PLC raised its stake in shares of Airgain by 99.9% in the third quarter. Barclays PLC now owns 3,038 shares of the technology company’s stock valued at $39,000 after purchasing an additional 1,518 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Airgain by 33.2% during the fourth quarter. Victory Capital Management Inc. now owns 8,154 shares of the technology company’s stock worth $87,000 after purchasing an additional 2,034 shares during the last quarter. Raymond James & Associates bought a new stake in shares of Airgain during the fourth quarter worth $108,000. Wells Fargo & Company MN boosted its holdings in Airgain by 64.5% in the second quarter. Wells Fargo & Company MN now owns 5,865 shares of the technology company’s stock valued at $121,000 after acquiring an additional 2,300 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Airgain by 128.1% in the first quarter. Assenagon Asset Management S.A. now owns 29,163 shares of the technology company’s stock valued at $221,000 after acquiring an additional 16,377 shares during the last quarter. 55.10% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:AIRG traded down $0.30 on Monday, hitting $7.90. The stock had a trading volume of 454 shares, compared to its average volume of 73,431. The company has a fifty day moving average price of $8.18 and a two-hundred day moving average price of $9.68. The stock has a market cap of $80.48 million, a price-to-earnings ratio of -7.90 and a beta of 1.13. Airgain has a 1-year low of $6.79 and a 1-year high of $24.48.

Airgain (NASDAQ:AIRGGet Rating) last issued its earnings results on Thursday, February 24th. The technology company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.02. The business had revenue of $14.14 million during the quarter, compared to analysts’ expectations of $14.00 million. Airgain had a negative net margin of 15.69% and a negative return on equity of 12.80%. During the same quarter in the prior year, the business posted ($0.11) EPS. Analysts forecast that Airgain will post -0.57 EPS for the current year.

About Airgain (Get Rating)

Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, vertical markets, chipset vendors, service providers, value-added resellers and software developers worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; SmartMax embedded antennas; and MaxBeam carrier class antennas, as well as automotive, fleet, public safety, and machine-to-machine antennas under the Antenna Plus brand.

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Analyst Recommendations for Airgain (NASDAQ:AIRG)

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