Airgain (NASDAQ:AIRG) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Airgain (NASDAQ:AIRG) in a note issued to investors on Sunday. The firm set a “hold” rating on the technology company’s stock.

Airgain Trading Up 1.8 %

Airgain stock opened at $5.31 on Friday. The stock has a market cap of $55.81 million, a P/E ratio of -4.46 and a beta of 0.85. The stock has a 50 day moving average of $4.77 and a 200-day moving average of $3.81. Airgain has a 52 week low of $1.63 and a 52 week high of $6.37.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings data on Wednesday, March 6th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.15). Airgain had a negative return on equity of 24.77% and a negative net margin of 22.18%. The firm had revenue of $10.07 million for the quarter, compared to the consensus estimate of $10.00 million. As a group, equities analysts predict that Airgain will post -0.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Airgain news, CEO Jacob Suen sold 10,639 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $5.10, for a total value of $54,258.90. Following the sale, the chief executive officer now directly owns 236,275 shares of the company’s stock, valued at $1,205,002.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Jacob Suen sold 10,639 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $5.10, for a total transaction of $54,258.90. Following the transaction, the chief executive officer now directly owns 236,275 shares of the company’s stock, valued at $1,205,002.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Ali Sadri sold 5,379 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $5.10, for a total value of $27,432.90. Following the transaction, the chief technology officer now directly owns 96,958 shares in the company, valued at $494,485.80. The disclosure for this sale can be found here. Insiders have sold 23,814 shares of company stock valued at $122,510 over the last three months. Company insiders own 15.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Perkins Capital Management Inc. increased its holdings in shares of Airgain by 2,350.5% during the fourth quarter. Perkins Capital Management Inc. now owns 379,820 shares of the technology company’s stock valued at $1,352,000 after purchasing an additional 364,320 shares during the period. First Eagle Investment Management LLC boosted its stake in Airgain by 8.1% during the third quarter. First Eagle Investment Management LLC now owns 439,680 shares of the technology company’s stock valued at $1,614,000 after buying an additional 33,103 shares in the last quarter. Trexquant Investment LP boosted its stake in Airgain by 7.1% during the third quarter. Trexquant Investment LP now owns 29,271 shares of the technology company’s stock valued at $211,000 after buying an additional 1,946 shares in the last quarter. Northern Trust Corp boosted its stake in Airgain by 171.6% during the fourth quarter. Northern Trust Corp now owns 45,228 shares of the technology company’s stock valued at $161,000 after buying an additional 28,578 shares in the last quarter. Finally, Citadel Advisors LLC boosted its stake in Airgain by 14.9% during the second quarter. Citadel Advisors LLC now owns 14,927 shares of the technology company’s stock valued at $121,000 after buying an additional 1,934 shares in the last quarter. 52.76% of the stock is owned by institutional investors and hedge funds.

Airgain Company Profile

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.