StockNews.com Initiates Coverage on Airgain (NASDAQ:AIRG)

Investment analysts at StockNews.com started coverage on shares of Airgain (NASDAQ:AIRGGet Rating) in a research report issued on Friday. The brokerage set a “hold” rating on the technology company’s stock.

Other equities analysts have also recently issued research reports about the company. TheStreet cut Airgain from a “c-” rating to a “d+” rating in a report on Friday, August 26th. Craig Hallum reduced their price target on Airgain to $13.00 in a report on Wednesday. Roth Capital reiterated a “buy” rating on shares of Airgain in a report on Friday, November 11th. Finally, B. Riley reduced their price target on Airgain from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Friday, November 11th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.00.

Airgain Price Performance

Shares of NASDAQ AIRG opened at $7.37 on Friday. The stock has a market capitalization of $75.17 million, a price-to-earnings ratio of -7.37 and a beta of 0.95. The business has a 50-day moving average of $7.40 and a 200-day moving average of $8.28. Airgain has a fifty-two week low of $6.75 and a fifty-two week high of $11.49.

Institutional Investors Weigh In On Airgain

A number of institutional investors have recently made changes to their positions in AIRG. Advisor Group Holdings Inc. boosted its holdings in shares of Airgain by 30.7% during the first quarter. Advisor Group Holdings Inc. now owns 4,916 shares of the technology company’s stock worth $38,000 after acquiring an additional 1,154 shares during the period. UBS Group AG boosted its holdings in shares of Airgain by 256.8% during the second quarter. UBS Group AG now owns 6,066 shares of the technology company’s stock worth $49,000 after acquiring an additional 4,366 shares during the period. Schnieders Capital Management LLC acquired a new stake in shares of Airgain in the third quarter valued at approximately $74,000. Virtu Financial LLC acquired a new stake in shares of Airgain in the second quarter valued at approximately $85,000. Finally, Engineers Gate Manager LP raised its position in shares of Airgain by 18.4% in the first quarter. Engineers Gate Manager LP now owns 14,254 shares of the technology company’s stock valued at $108,000 after buying an additional 2,214 shares in the last quarter. Institutional investors own 62.17% of the company’s stock.

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.

Further Reading

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