Airgain (NASDAQ:AIRG) PT Lowered to $8.00

Airgain (NASDAQ:AIRG – Get Rating) had its price objective dropped by investment analysts at B. Riley from $9.00 to $8.00 in a research report issued on Friday, The Fly reports. B. Riley’s price objective indicates a potential upside of 49.81% from the company’s current price.

Several other research firms have also recently issued reports on AIRG. StockNews.com raised Airgain from a “hold” rating to a “buy” rating in a research note on Wednesday, March 1st. Craig Hallum lowered their price objective on shares of Airgain to $13.00 in a report on Wednesday, November 16th. Finally, Roth Capital restated a “buy” rating on shares of Airgain in a report on Friday, November 11th.

Airgain Price Performance

NASDAQ AIRG opened at $5.34 on Friday. The stock has a market capitalization of $54.47 million, a PE ratio of -6.28 and a beta of 1.04. Airgain has a 1 year low of $5.22 and a 1 year high of $11.33. The business’s 50-day moving average is $7.46 and its 200 day moving average is $7.38.

Hedge Funds Weigh In On Airgain

Several large investors have recently made changes to their positions in the business. Millennium Management LLC lifted its holdings in shares of Airgain by 39.1% during the fourth quarter. Millennium Management LLC now owns 66,137 shares of the technology company’s stock valued at $431,000 after purchasing an additional 18,575 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Airgain during the fourth quarter valued at approximately $73,000. Granahan Investment Management LLC lifted its holdings in shares of Airgain by 24.2% during the fourth quarter. Granahan Investment Management LLC now owns 690,274 shares of the technology company’s stock valued at $4,494,000 after purchasing an additional 134,597 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of Airgain by 5.2% during the fourth quarter. Blair William & Co. IL now owns 837,997 shares of the technology company’s stock valued at $5,455,000 after purchasing an additional 41,226 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Airgain by 6.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 228,475 shares of the technology company’s stock valued at $1,487,000 after purchasing an additional 13,918 shares during the last quarter. 54.70% of the stock is currently owned by hedge funds and other institutional investors.

Airgain Company Profile

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Airgain, Inc provides embedded antenna products, integration support and test services. The firm works in partnership with the entire ecosystem, including carriers, chipset suppliers, OEMs, and ODMs. Its products include embedded, external and carrier-class antennas. The company offers custom antenna design and performance validation services.