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

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

Separately, Craig Hallum lowered their price target on Airgain from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, February 28th.

Airgain Stock Up 1.1 %

AIRG stock opened at $3.59 on Friday. The company has a 50-day simple moving average of $4.83 and a 200 day simple moving average of $7.05. The company has a market capitalization of $41.50 million, a P/E ratio of -3.15 and a beta of 0.89. Airgain has a fifty-two week low of $3.17 and a fifty-two week high of $10.34.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings data on Thursday, February 27th. The technology company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The firm had revenue of $15.08 million during the quarter, compared to the consensus estimate of $16.35 million. Airgain had a negative return on equity of 29.90% and a negative net margin of 21.96%. Equities analysts anticipate that Airgain will post -0.53 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jacob Suen sold 6,982 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $4.16, for a total transaction of $29,045.12. Following the transaction, the chief executive officer now owns 305,546 shares of the company’s stock, valued at approximately $1,271,071.36. The trade was a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 19,195 shares of company stock worth $88,255 in the last quarter. 16.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Airgain

A number of institutional investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in Airgain in the fourth quarter valued at $73,000. Marshall Wace LLP acquired a new stake in shares of Airgain in the 4th quarter valued at $75,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Airgain during the 4th quarter worth about $107,000. Essex Investment Management Co. LLC bought a new position in Airgain during the 4th quarter valued at about $145,000. Finally, Jane Street Group LLC acquired a new position in Airgain in the fourth quarter valued at about $192,000. Institutional investors and hedge funds own 52.76% of the company’s stock.

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.