Airgain, Inc. (NASDAQ:AIRG) VP Jacob Suen bought 10,000 shares of Airgain stock in a transaction dated Friday, May 11th. The stock was purchased at an average cost of $8.20 per share, for a total transaction of $82,000.00. Following the completion of the acquisition, the vice president now directly owns 20,000 shares of the company’s stock, valued at approximately $164,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of AIRG stock opened at $8.17 on Thursday. Airgain, Inc. has a 12-month low of $7.87 and a 12-month high of $8.03. The stock has a market capitalization of $77.17 million, a PE ratio of 74.27 and a beta of 2.04.
Airgain (NASDAQ:AIRG) last issued its earnings results on Thursday, May 3rd. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.01). The firm had revenue of $13.30 million during the quarter, compared to the consensus estimate of $12.16 million. Airgain had a positive return on equity of 1.58% and a negative net margin of 0.68%. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the firm posted $0.04 earnings per share. research analysts anticipate that Airgain, Inc. will post -0.19 EPS for the current fiscal year.
Several brokerages have recently issued reports on AIRG. Zacks Investment Research cut Airgain from a “hold” rating to a “sell” rating in a report on Friday, May 4th. ValuEngine cut Airgain from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. B. Riley cut Airgain from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a report on Friday, February 16th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $13.00 target price on shares of Airgain in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.50.
Several large investors have recently made changes to their positions in the business. Lake Street Advisors Group LLC purchased a new stake in shares of Airgain in the fourth quarter valued at approximately $314,000. Skylands Capital LLC increased its position 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 worth $2,485,000 after purchasing an additional 72,494 shares in the last quarter. Taylor Frigon Capital Management LLC acquired a new position in shares of Airgain during the fourth quarter worth $1,184,000. Trellus Management Company LLC increased its position in shares of Airgain by 41.4% during the first quarter. Trellus Management Company LLC now owns 70,000 shares of the technology company’s stock worth $542,000 after purchasing an additional 20,500 shares in the last quarter. Finally, PenderFund Capital Management Ltd. acquired a new position in shares of Airgain during the first quarter worth $365,000. Institutional investors and hedge funds own 28.89% of the company’s stock.
Airgain Company Profile
Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, and service providers worldwide. Its products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; omnimax high performance external antennas; MaxBeam carrier class antennas; and SmartMax embedded antennas, as well as automotive, fleet, public safety, and M2M antennas.
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