Airgain, Inc. (NASDAQ:AIRG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Airgain, Inc. (NASDAQ:AIRG) have earned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $6.20.

A number of analysts have recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Airgain in a research report on Wednesday, January 21st. Royal Bank Of Canada set a $6.00 price objective on Airgain in a research note on Wednesday, January 21st. Lake Street Capital began coverage on Airgain in a report on Wednesday, January 21st. They issued a “buy” rating and a $6.00 target price on the stock. Finally, Wall Street Zen upgraded Airgain to a “hold” rating in a report on Saturday, March 28th.

Insiders Place Their Bets

In other news, CEO Jacob Suen sold 37,314 shares of the business’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $4.12, for a total value of $153,733.68. Following the completion of the transaction, the chief executive officer owned 284,431 shares in the company, valued at $1,171,855.72. The trade was a 11.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Ali Sadri sold 13,638 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $4.12, for a total value of $56,188.56. Following the transaction, the chief technology officer directly owned 126,263 shares in the company, valued at approximately $520,203.56. The trade was a 9.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 107,966 shares of company stock valued at $455,446. Insiders own 17.80% of the company’s stock.

Institutional Investors Weigh In On Airgain

Large investors have recently bought and sold shares of the business. Marathon Capital Management bought a new position in Airgain during the 2nd quarter valued at about $42,000. XTX Topco Ltd purchased a new stake in shares of Airgain during the 4th quarter valued at about $44,000. Susquehanna International Group LLP bought a new stake in shares of Airgain in the third quarter worth approximately $91,000. Citadel Advisors LLC raised its holdings 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 valued at $118,000 after purchasing an additional 43,214 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings 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 valued at $167,000 after purchasing an additional 7,500 shares during the last quarter. 52.76% of the stock is currently owned by institutional investors.

Airgain Stock Performance

Shares of NASDAQ:AIRG opened at $5.44 on Monday. The company has a 50-day moving average price of $4.75 and a 200-day moving average price of $4.32. The company has a market cap of $66.48 million, a price-to-earnings ratio of -10.26 and a beta of 0.76. 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.