Airgain, Inc. (NASDAQ:AIRG) Receives $6.25 Consensus Price Target from Analysts

Airgain, Inc. (NASDAQ:AIRG) has earned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $6.20.

A number of research firms have recently commented on AIRG. Lake Street Capital started coverage on shares of Airgain in a research note on Wednesday. They set a “buy” rating and a $6.00 price objective for the company. Northland Securities dropped their price target on shares of Airgain from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Monday, November 17th. Royal Bank Of Canada set a $6.00 price target on shares of Airgain in a research note on Wednesday. Craig Hallum decreased their price target on shares of Airgain from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, November 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Airgain in a report on Wednesday.

Insider Transactions at Airgain

In other Airgain news, CEO Jacob Suen sold 15,993 shares of the company’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $4.00, for a total transaction of $63,972.00. Following the completion of the sale, the chief executive officer directly owned 293,635 shares in the company, valued at $1,174,540. This represents a 5.17% 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 sold a total of 33,179 shares of company stock worth $132,637 over the last ninety days. 17.80% of the stock is currently owned by insiders.

Institutional Trading of Airgain

A number of institutional investors have recently modified their holdings of the company. Susquehanna International Group LLP acquired a new position in shares of Airgain during the 3rd quarter valued at $91,000. Citadel Advisors LLC raised its position in Airgain by 270.1% in the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after purchasing an additional 43,214 shares during the period. Farther Finance Advisors LLC raised its position in Airgain by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock valued at $167,000 after purchasing an additional 7,500 shares during the period. Finally, Marathon Capital Management acquired a new position in shares of Airgain during the second quarter worth about $42,000. Hedge funds and other institutional investors own 52.76% of the company’s stock.

Airgain Stock Performance

Shares of NASDAQ AIRG opened at $4.55 on Wednesday. Airgain has a 1 year low of $3.00 and a 1 year high of $8.46. The firm has a market cap of $54.42 million, a P/E ratio of -9.10 and a beta of 0.87. The firm’s 50 day moving average price is $4.07 and its 200 day moving average price is $4.22.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $14.02 million for the quarter, compared to analysts’ expectations of $14.13 million. Airgain had a negative return on equity of 16.03% and a negative net margin of 10.87%.Airgain has set its Q4 2025 guidance at 0.000-0.000 EPS. As a group, equities analysts predict that Airgain will post -0.53 EPS for the current year.

Airgain Company Profile

Airgain, Inc (NASDAQ: AIRG) is a provider of intelligent wireless connectivity solutions designed to enhance data transmission, network performance and antenna efficiency for a range of devices. Headquartered in San Diego, California, the company develops both embedded and external antenna systems, as well as associated connectivity software, to support wireless applications across cellular, Wi-Fi, machine-to-machine (M2M) and Internet of Things (IoT) markets.

The company’s product portfolio includes modular smart antennas, parallel path phase-diversity antennas and advanced array antenna solutions that are optimized for environments such as smart homes, industrial automation, transportation and enterprise networking.