Brokerages Set Airgain, Inc. (NASDAQ:AIRG) Target Price at $7.70

Airgain, Inc. (NASDAQ:AIRG) has received an average rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $7.70.

Several equities analysts recently weighed in on the stock. Northland Securities set a $8.50 target price on shares of Airgain in a research note on Thursday, May 7th. Weiss Ratings lowered shares of Airgain from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. Wall Street Zen cut shares of Airgain from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Roth Capital reiterated a “buy” rating and issued a $9.00 price target on shares of Airgain in a research note on Thursday, May 7th. Finally, Craig Hallum reissued a “buy” rating and issued a $9.00 price objective on shares of Airgain in a research report on Thursday, May 7th.

Airgain Stock Performance

Shares of NASDAQ AIRG opened at $5.99 on Wednesday. The stock has a 50 day moving average price of $6.62 and a 200 day moving average price of $5.59. The stock has a market capitalization of $75.95 million, a PE ratio of -10.89 and a beta of 0.89. Airgain has a 52 week low of $3.00 and a 52 week high of $7.66.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08). Airgain had a negative return on equity of 15.42% and a negative net margin of 13.22%.The firm had revenue of $11.51 million for the quarter, compared to analyst estimates of $11.47 million. Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. As a group, research analysts forecast that Airgain will post -0.22 EPS for the current year.

Insider Activity

In related news, CFO Michael Elbaz sold 3,787 shares of Airgain stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $6.77, for a total transaction of $25,637.99. Following the completion of the transaction, the chief financial officer owned 135,506 shares in the company, valued at approximately $917,375.62. This trade represents a 2.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jacob Suen sold 4,573 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $6.51, for a total value of $29,770.23. Following the transaction, the chief executive officer directly owned 281,431 shares in the company, valued at approximately $1,832,115.81. This trade represents a 1.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 11,847 shares of company stock valued at $79,857 over the last quarter. 17.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Airgain in the fourth quarter valued at about $934,000. Citadel Advisors LLC lifted its stake in shares of Airgain by 270.1% during the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after buying an additional 43,214 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of Airgain during the 3rd quarter worth about $91,000. Whitcomb & Hess Inc. boosted its holdings in shares of Airgain by 36.0% during the 2nd quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company’s stock worth $357,000 after buying an additional 15,022 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Airgain by 4.6% in the 1st quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock valued at $1,850,000 after buying an additional 14,700 shares during the last quarter. 52.76% of the stock is currently owned by institutional investors.

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.