Airgain, Inc. (NASDAQ:AIRG) Receives $6.20 Consensus PT from Analysts

Airgain, Inc. (NASDAQ:AIRG) has received an average recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $6.20.

A number of equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airgain in a research report on Wednesday, January 21st. 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. Lake Street Capital began coverage on shares of Airgain in a research note on Wednesday, January 21st. They set a “buy” rating and a $6.00 price target on the stock. Finally, Royal Bank Of Canada set a $6.00 price target on Airgain in a research report on Wednesday, January 21st.

Insider Buying and Selling

In related news, CEO Jacob Suen sold 15,993 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $4.00, for a total value of $63,972.00. Following the transaction, the chief executive officer owned 293,635 shares in the company, valued at approximately $1,174,540. This trade represents a 5.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 41,245 shares of company stock valued at $177,405 in the last 90 days. Company insiders own 17.80% of the company’s stock.

Institutional Trading of Airgain

Several large investors have recently added to or reduced their stakes in AIRG. Marathon Capital Management acquired a new position in shares of Airgain during the second quarter worth about $42,000. Farther Finance Advisors LLC lifted its position in shares of Airgain by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock worth $167,000 after purchasing an additional 7,500 shares in the last quarter. Citadel Advisors LLC lifted its position in shares of Airgain by 270.1% during the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after purchasing an additional 43,214 shares in the last quarter. Susquehanna International Group LLP purchased a new position in shares of Airgain in the third quarter valued at $91,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Airgain in the fourth quarter valued at $934,000. 52.76% of the stock is currently owned by institutional investors and hedge funds.

Airgain Price Performance

NASDAQ AIRG opened at $4.02 on Thursday. The firm’s fifty day moving average price is $4.50 and its 200 day moving average price is $4.24. The company has a market capitalization of $49.12 million, a price-to-earnings ratio of -7.58 and a beta of 0.93. Airgain has a 12 month low of $3.00 and a 12 month high of $5.85.

About Airgain

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.