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

Airgain, Inc. (NASDAQ:AIRG) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $6.20.

AIRG has been the subject of several analyst reports. Royal Bank Of Canada set a $6.00 price objective on Airgain in a report on Wednesday, January 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Airgain in a report on Wednesday, January 21st. Wall Street Zen upgraded Airgain to a “hold” rating in a report on Saturday, March 28th. Finally, Lake Street Capital initiated coverage on Airgain in a report on Wednesday, January 21st. They issued a “buy” rating and a $6.00 price objective for the company.

Insider Activity

In related news, CTO Ali Sadri sold 13,638 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $4.12, for a total value of $56,188.56. Following the completion of the sale, the chief technology officer directly owned 126,263 shares in the company, valued at approximately $520,203.56. This trade represents a 9.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Michael Elbaz sold 12,769 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $4.12, for a total transaction of $52,608.28. Following the completion of the sale, the chief financial officer owned 140,780 shares of the company’s stock, valued at $580,013.60. This trade represents a 8.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 107,966 shares of company stock worth $455,446 in the last quarter. Corporate insiders own 17.80% of the company’s stock.

Institutional Investors Weigh In On Airgain

Hedge funds have recently bought and sold shares of the company. Marathon Capital Management acquired a new stake in Airgain in the 2nd quarter valued at about $42,000. XTX Topco Ltd acquired a new stake in Airgain in the 4th quarter valued at about $44,000. Susquehanna International Group LLP acquired a new stake in Airgain in the 3rd quarter valued at about $91,000. Citadel Advisors LLC lifted its stake in Airgain by 270.1% in 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 during the last quarter. Finally, Farther Finance Advisors LLC lifted 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 purchasing an additional 7,500 shares during the last quarter. 52.76% of the stock is currently owned by institutional investors and hedge funds.

Airgain Price Performance

Shares of NASDAQ AIRG opened at $6.18 on Monday. The stock has a market capitalization of $75.52 million, a price-to-earnings ratio of -11.66 and a beta of 0.76. The business has a 50-day moving average of $4.88 and a 200-day moving average of $4.37. Airgain has a fifty-two week low of $3.00 and a fifty-two week high of $6.21.

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.