Wall Street Zen upgraded shares of Airgain (NASDAQ:AIRG – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.
Separately, Weiss Ratings raised Airgain from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 23rd. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.70.
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Airgain Price Performance
Airgain (NASDAQ:AIRG – Get Free Report) last released its earnings results on Wednesday, August 5th. The technology company reported $0.02 earnings per share for the quarter. Airgain had a negative net margin of 13.65% and a negative return on equity of 13.72%. The business had revenue of $13.70 million during the quarter, compared to analysts’ expectations of $13.45 million. Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. As a group, sell-side analysts expect that Airgain will post -0.19 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director James K. Sims acquired 8,269 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were bought at an average cost of $5.11 per share, with a total value of $42,254.59. Following the completion of the acquisition, the director owned 457,733 shares of the company’s stock, valued at $2,339,015.63. This trade represents a 1.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders purchased 16,500 shares of company stock worth $84,821 over the last 90 days. 17.50% of the stock is currently owned by insiders.
Institutional Trading of Airgain
Institutional investors have recently bought and sold shares of the stock. Whitcomb & Hess Inc. lifted its holdings in shares of Airgain by 10.4% during the third quarter. Whitcomb & Hess Inc. now owns 62,615 shares of the technology company’s stock valued at $311,000 after acquiring an additional 5,909 shares during the period. AXQ Capital LP acquired a new stake in shares of Airgain in the 2nd quarter valued at $79,000. Bank of America Corp DE bought a new stake in shares of Airgain in the 2nd quarter worth about $77,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Airgain in the 2nd quarter worth about $74,000. Finally, BlackRock Inc. bought a new stake in shares of Airgain in the 2nd quarter worth about $1,355,000. Institutional investors and hedge funds own 52.76% of the company’s stock.
Airgain Company Profile
Airgain, Inc is a wireless connectivity company that develops and supplies antenna and communications solutions for connected devices and networks. Its products are designed to help devices connect reliably to cellular, Wi-Fi, and other wireless networks across a range of operating environments.
The company offers embedded and external antenna systems, cellular connectivity products, and related hardware and software solutions. Its portfolio supports applications including consumer broadband equipment, enterprise networking, automotive and transportation systems, industrial and public-safety communications, and other Internet of Things deployments.
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