Airgain (NASDAQ:AIRG) Now Covered by Analysts at StockNews.com

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

Separately, Craig Hallum decreased their price objective 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 Performance

NASDAQ:AIRG opened at $4.03 on Friday. Airgain has a one year low of $3.17 and a one year high of $10.34. The stock has a market cap of $47.53 million, a PE ratio of -3.54 and a beta of 0.87. The stock has a 50 day moving average price of $4.15 and a 200 day moving average price of $6.65.

Airgain (NASDAQ:AIRG) last issued its earnings results on Thursday, February 27th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The company had revenue of $15.08 million during the quarter, compared to analyst estimates of $16.35 million. Airgain had a negative return on equity of 29.90% and a negative net margin of 21.96%. As a group, analysts predict that Airgain will post -0.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Airgain

In other news, CEO Jacob Suen sold 6,982 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $4.16, for a total transaction of $29,045.12. Following the completion of the transaction, the chief executive officer now directly owns 305,546 shares in the company, valued at $1,271,071.36. This trade represents a 2.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 19,195 shares of company stock worth $88,255 over the last three months. Insiders own 16.10% of the company’s stock.

Hedge Funds Weigh In On Airgain

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in Airgain by 0.5% during the fourth quarter. Ameriprise Financial Inc. now owns 677,584 shares of the technology company’s stock worth $4,784,000 after purchasing an additional 3,283 shares during the period. Farther Finance Advisors LLC lifted its holdings in Airgain by 19.3% during the 4th quarter. Farther Finance Advisors LLC now owns 43,277 shares of the technology company’s stock worth $306,000 after buying an additional 7,000 shares in the last quarter. Virtu Financial LLC purchased a new position in Airgain in the 4th quarter valued at approximately $73,000. Marshall Wace LLP acquired a new position in shares of Airgain in the fourth quarter worth $75,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Airgain by 12.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 105,954 shares of the technology company’s stock worth $748,000 after acquiring an additional 12,000 shares during the 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.