Airgain (NASDAQ:AIRG) Coverage Initiated at StockNews.com

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

Airgain Price Performance

Shares of AIRG opened at $5.30 on Tuesday. The firm has a market capitalization of $57.08 million, a price-to-earnings ratio of -4.45 and a beta of 0.85. Airgain has a 1-year low of $1.63 and a 1-year high of $6.37. The company has a 50-day moving average of $5.05 and a 200 day moving average of $3.95.

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

Insider Activity

In other news, CTO Ali Sadri sold 5,379 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $5.10, for a total value of $27,432.90. Following the completion of the sale, the chief technology officer now owns 96,958 shares in the company, valued at approximately $494,485.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Jacob Suen sold 10,639 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,205,002.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Ali Sadri sold 5,379 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $5.10, for a total transaction of $27,432.90. Following the completion of the transaction, the chief technology officer now owns 96,958 shares of the company’s stock, valued at $494,485.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,814 shares of company stock worth $122,510. Company insiders own 15.30% of the company’s stock.

Hedge Funds Weigh In On Airgain

A hedge fund recently raised its stake in Airgain stock. Perkins Capital Management Inc. increased its stake in shares of Airgain, Inc. (NASDAQ:AIRG) by 2,350.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 379,820 shares of the technology company’s stock after buying an additional 364,320 shares during the quarter. Airgain comprises approximately 1.2% of Perkins Capital Management Inc.’s investment portfolio, making the stock its 26th biggest holding. Perkins Capital Management Inc. owned 3.64% of Airgain worth $1,352,000 at the end of the most recent reporting period. 52.76% of the stock is currently owned by hedge funds and other institutional investors.

About Airgain

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.