Airgain Inc (NASDAQ:AIRG) insider Charles A. Myers sold 18,229 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $9.00, for a total transaction of $164,061.00. Following the sale, the insider now owns 18,229 shares of the company’s stock, valued at $164,061. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Airgain Inc (NASDAQ:AIRG) traded up $0.10 during trading on Friday, hitting $9.08. 82,121 shares of the stock were exchanged, compared to its average volume of 80,515. The company has a current ratio of 5.02, a quick ratio of 4.95 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $86.58, a price-to-earnings ratio of 82.55 and a beta of 1.71. Airgain Inc has a one year low of $7.31 and a one year high of $16.23.
Airgain (NASDAQ:AIRG) last posted its earnings results on Thursday, February 15th. The technology company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.05. Airgain had a net margin of 2.30% and a return on equity of 4.82%. The company had revenue of $12.81 million during the quarter, compared to analyst estimates of $12.73 million. During the same period in the prior year, the business posted $0.12 earnings per share. Airgain’s revenue for the quarter was up 1.4% on a year-over-year basis. sell-side analysts anticipate that Airgain Inc will post -0.2 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Cortina Asset Management LLC purchased a new stake in Airgain in the third quarter worth about $3,317,000. Skylands Capital LLC increased its stake in shares of Airgain by 35.6% during the fourth quarter. Skylands Capital LLC now owns 276,400 shares of the technology company’s stock valued at $2,485,000 after purchasing an additional 72,494 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Airgain by 14.7% during the second quarter. Vanguard Group Inc. now owns 253,971 shares of the technology company’s stock valued at $3,601,000 after purchasing an additional 32,587 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Airgain by 32.6% during the third quarter. Bank of New York Mellon Corp now owns 241,690 shares of the technology company’s stock valued at $2,196,000 after purchasing an additional 59,481 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its stake in shares of Airgain by 40.8% during the fourth quarter. Rice Hall James & Associates LLC now owns 209,207 shares of the technology company’s stock valued at $1,881,000 after purchasing an additional 60,585 shares in the last quarter. Institutional investors and hedge funds own 27.22% of the company’s stock.
A number of analysts have recently weighed in on AIRG shares. Northland Securities reiterated a “buy” rating and set a $13.00 target price on shares of Airgain in a report on Tuesday, February 27th. Zacks Investment Research upgraded shares of Airgain from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Friday, February 16th. Finally, B. Riley lowered shares of Airgain from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a report on Friday, February 16th.
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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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