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

Equities research analysts at StockNews.com began coverage on shares of Airgain (NASDAQ:AIRG) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the technology company’s stock.

Airgain Stock Down 0.8 %

Shares of NASDAQ AIRG opened at $5.29 on Monday. The company’s fifty day moving average is $4.88 and its 200-day moving average is $3.87. The stock has a market cap of $55.60 million, a price-to-earnings ratio of -4.45 and a beta of 0.85. Airgain has a twelve month low of $1.63 and a twelve month high of $6.37.

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

Insider Transactions at Airgain

In other news, CTO Ali Sadri sold 5,379 shares of Airgain stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $5.10, for a total transaction of $27,432.90. Following the transaction, the chief technology officer now directly owns 96,958 shares of the company’s stock, valued at $494,485.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, 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 transaction of $27,432.90. Following the sale, the chief technology officer now directly owns 96,958 shares in the company, valued at $494,485.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the chief executive officer now owns 236,275 shares in the company, valued at $1,205,002.50. The disclosure for this sale can be found here. Insiders have sold a total of 23,814 shares of company stock valued at $122,510 over the last three months. 15.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Airgain

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. raised 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 raised 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. Bank of America Corp DE raised its holdings in shares of Airgain by 28,550.0% during the first quarter. Bank of America Corp DE now owns 6,303 shares of the technology company’s stock worth $34,000 after acquiring an additional 6,281 shares during the period. Virtu Financial LLC acquired a new stake in shares of Airgain during the second quarter worth $85,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Airgain during the fourth quarter worth $73,000. 52.76% of the stock is currently 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.