Airgain, Inc. (NASDAQ:AIRG – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $7.70.
AIRG has been the topic of several recent analyst reports. Weiss Ratings upgraded Airgain from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 23rd. Wall Street Zen lowered Airgain from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd.
Read Our Latest Analysis on Airgain
Airgain Stock Performance
Airgain (NASDAQ:AIRG – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $13.70 million during the quarter, compared to analysts’ expectations of $13.45 million. Airgain had a negative net margin of 13.65% and a negative return on equity of 13.72%. Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. Research analysts forecast that Airgain will post -0.19 EPS for the current year.
Insiders Place Their Bets
In related news, Director James K. Sims purchased 8,269 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were purchased at an average price of $5.11 per share, with a total value of $42,254.59. Following the completion of the purchase, the director owned 457,733 shares in the company, valued at $2,339,015.63. This represents a 1.84% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 17.50% of the company’s stock.
Hedge Funds Weigh In On Airgain
Large investors have recently added to or reduced their stakes in the company. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Airgain in the fourth quarter valued at about $934,000. BlackRock Inc. bought a new position in shares of Airgain during the second quarter worth about $1,355,000. Citadel Advisors LLC grew its holdings in shares of Airgain by 270.1% during the third 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 in the last quarter. Susquehanna International Group LLP acquired a new stake in Airgain in the 3rd quarter valued at approximately $91,000. Finally, Whitcomb & Hess Inc. raised its position in Airgain by 36.0% in the 2nd quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company’s stock valued at $357,000 after buying an additional 15,022 shares during the last quarter. Institutional investors 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.
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