Airgain (NASDAQ:AIRG) Stock Rating Upgraded by Wall Street Zen

Airgain (NASDAQ:AIRG) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

AIRG has been the topic of a number of other reports. Lake Street Capital started coverage on shares of Airgain in a research note on Wednesday, January 21st. They set a “buy” rating and a $6.00 price objective on the stock. Royal Bank Of Canada set a $6.00 target price on Airgain in a report on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airgain in a research report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $6.20.

Airgain Price Performance

AIRG stock opened at $5.33 on Friday. Airgain has a 1-year low of $3.00 and a 1-year high of $5.85. The business has a 50-day moving average price of $4.64 and a 200 day moving average price of $4.28. The company has a market capitalization of $65.13 million, a P/E ratio of -10.06 and a beta of 0.93.

Insider Buying and Selling at Airgain

In other news, CTO Ali Sadri sold 13,638 shares of Airgain stock in a transaction that occurred 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 owned 126,263 shares of the company’s stock, valued at $520,203.56. The trade was a 9.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Elbaz sold 12,769 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $4.12, for a total transaction of $52,608.28. Following the transaction, the chief financial officer owned 140,780 shares of the company’s stock, valued at approximately $580,013.60. This trade represents a 8.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 106,966 shares of company stock valued at $449,936. 17.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Airgain

Several institutional investors have recently bought and sold shares of the company. XTX Topco Ltd purchased a new position in shares of Airgain in the 4th quarter valued at approximately $44,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in Airgain during the 4th quarter worth approximately $934,000. Susquehanna International Group LLP acquired a new position in Airgain during the 3rd quarter valued at approximately $91,000. Citadel Advisors LLC increased its stake in 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 purchasing an additional 43,214 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Airgain by 24.2% in 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 during the last quarter. 52.76% of the stock is currently owned by institutional investors and hedge funds.

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.