Airgain (NASDAQ:AIRG) Given New $5.00 Price Target at Craig Hallum

Airgain (NASDAQ:AIRG) had its target price cut by Craig Hallum from $7.00 to $5.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Craig Hallum’s price objective would suggest a potential upside of 43.47% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Roth Capital dropped their price target on Airgain from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, July 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airgain in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.00.

Airgain Stock Down 8.8%

Airgain stock traded down $0.34 during midday trading on Thursday, hitting $3.49. The company’s stock had a trading volume of 56,574 shares, compared to its average volume of 26,978. Airgain has a 12 month low of $3.17 and a 12 month high of $10.00. The company has a market capitalization of $41.48 million, a PE ratio of -6.01 and a beta of 0.85. The stock’s 50-day moving average price is $4.17 and its 200-day moving average price is $4.23.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Airgain had a negative net margin of 11.86% and a negative return on equity of 18.58%. The company 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, equities analysts anticipate that Airgain will post -0.53 EPS for the current year.

Hedge Funds Weigh In On Airgain

Institutional investors and hedge funds have recently bought and sold shares of the business. Marathon Capital Management acquired a new stake in shares of Airgain during the second quarter worth approximately $42,000. Farther Finance Advisors LLC increased its stake in Airgain by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock valued at $167,000 after buying an additional 7,500 shares during the period. Finally, Bard Associates Inc. lifted its position in Airgain by 2.6% in the 1st quarter. Bard Associates Inc. now owns 157,830 shares of the technology company’s stock worth $532,000 after buying an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 52.76% of the company’s stock.

Airgain Company Profile

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.