Zacks Investment Research upgraded shares of Airgain (NASDAQ:AIRG) from a hold rating to a buy rating in a research report report published on Friday, February 16th. Zacks Investment Research currently has $12.00 price objective on the technology company’s stock.
According to Zacks, “Airgain, Inc. is a provider of embedded antenna technologies. It offers antennas for the devices which are deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways, media adapters and digital televisions. The company also offers residential wireless local area network or wireless fidelity to carriers, original equipment manufacturers, original design manufacturers and system designers. Airgain, Inc. is based in San Diego, United States. “
A number of other research analysts have also recently commented on AIRG. B. Riley cut shares of Airgain from a buy rating to a neutral rating and set a $10.00 price target on the stock. in a research report on Friday, February 16th. Northland Securities reiterated a buy rating and set a $15.00 price target on shares of Airgain in a research report on Friday, November 10th.
Shares of Airgain (NASDAQ AIRG) traded down $0.18 on Friday, reaching $8.91. 25,503 shares of the company were exchanged, compared to its average volume of 76,386. The stock has a market capitalization of $87.05, a P/E ratio of 81.01 and a beta of 1.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.02 and a quick ratio of 4.95. Airgain has a 1-year low of $7.31 and a 1-year high of $16.23.
Airgain (NASDAQ:AIRG) last announced its earnings results on Thursday, February 15th. The technology company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The business had revenue of $12.81 million for the quarter, compared to the consensus estimate of $12.73 million. Airgain had a net margin of 2.30% and a return on equity of 4.82%. Airgain’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.12 earnings per share. research analysts anticipate that Airgain will post -0.2 EPS for the current year.
In other news, Director James K. Sims sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $9.25, for a total value of $74,000.00. Following the transaction, the director now owns 224,594 shares in the company, valued at $2,077,494.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles A. Myers sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $10.00, for a total transaction of $150,000.00. The disclosure for this sale can be found here. Insiders have sold 43,660 shares of company stock worth $410,548 over the last quarter. Company insiders own 23.40% of the company’s stock.
Several institutional investors have recently modified their holdings of AIRG. Millennium Management LLC bought a new position in shares of Airgain in the fourth quarter worth approximately $102,000. Commonwealth Equity Services Inc bought a new position in shares of Airgain in the third quarter worth approximately $118,000. Lake Street Advisors Group LLC bought a new position in shares of Airgain in the fourth quarter worth approximately $314,000. Worth Venture Partners LLC grew its holdings in shares of Airgain by 50.1% in the fourth quarter. Worth Venture Partners LLC now owns 67,982 shares of the technology company’s stock worth $611,000 after purchasing an additional 22,690 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC bought a new position in shares of Airgain in the fourth quarter worth approximately $1,184,000. Hedge funds and other institutional investors own 27.22% of the company’s stock.
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Airgain Company Profile
Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.
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