Airgain (NASDAQ:AIRG) Coverage Initiated by Analysts at Lake Street Capital

Lake Street Capital started coverage on shares of Airgain (NASDAQ:AIRG) in a report published on Wednesday, MarketBeat reports. The firm issued a buy rating and a $6.00 price target on the technology company’s stock.

A number of other brokerages have also recently issued reports on AIRG. Northland Securities decreased their target price on Airgain from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Monday, November 17th. Craig Hallum reduced their target price 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 reiterated a “sell (d-)” rating on shares of Airgain in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.20.

Airgain Stock Up 6.9%

AIRG stock opened at $4.35 on Wednesday. The company has a market cap of $52.03 million, a price-to-earnings ratio of -8.70 and a beta of 0.87. The business has a fifty day simple moving average of $4.03 and a 200-day simple moving average of $4.21. Airgain has a 52 week low of $3.00 and a 52 week high of $8.47.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AIRG. Susquehanna International Group LLP acquired a new stake in Airgain during the 3rd quarter valued at approximately $91,000. Citadel Advisors LLC boosted 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 valued at $118,000 after buying an additional 43,214 shares during the last quarter. Farther Finance Advisors LLC grew 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 buying an additional 7,500 shares in the last quarter. Finally, Marathon Capital Management acquired a new stake in shares of Airgain during the second quarter worth approximately $42,000. Institutional investors and hedge funds own 52.76% of the company’s stock.

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.