StockNews.com Begins Coverage on Airgain (NASDAQ:AIRG)

Equities research analysts at StockNews.com began coverage on shares of Airgain (NASDAQ:AIRG) in a note issued to investors on Friday. The firm set a “hold” rating on the technology company’s stock.

Airgain Stock Up 3.2 %

Airgain stock opened at $5.32 on Friday. Airgain has a 52 week low of $1.63 and a 52 week high of $6.37. The firm has a market cap of $57.30 million, a price-to-earnings ratio of -4.66 and a beta of 0.81. The business’s 50-day moving average price is $5.34 and its 200 day moving average price is $4.21.

Airgain (NASDAQ:AIRG) last issued its quarterly earnings data on Wednesday, March 6th. The technology company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.15). Airgain had a negative return on equity of 26.07% and a negative net margin of 22.34%. The firm had revenue of $10.07 million for the quarter, compared to analyst estimates of $10.00 million. Equities analysts expect that Airgain will post -0.56 EPS for the current year.

Insider Activity

In related news, CTO Ali Sadri sold 5,379 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $5.10, for a total value of $27,432.90. Following the completion of the transaction, the chief technology officer now owns 96,958 shares of the company’s stock, valued at approximately $494,485.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CTO Ali Sadri sold 5,379 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $5.10, for a total value of $27,432.90. Following the completion of the transaction, the chief technology officer now owns 96,958 shares of the company’s stock, valued at approximately $494,485.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jacob Suen sold 10,639 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $5.10, for a total value of $54,258.90. Following the completion of the transaction, the chief executive officer now directly owns 236,275 shares of the company’s stock, valued at approximately $1,205,002.50. The disclosure for this sale can be found here. Insiders have sold 23,814 shares of company stock worth $122,510 in the last ninety days. Company insiders own 15.30% of the company’s stock.

Hedge Funds Weigh In On Airgain

A hedge fund recently raised its stake in Airgain stock. First Eagle Investment Management LLC grew its holdings in Airgain, Inc. (NASDAQ:AIRG) by 8.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 426,634 shares of the technology company’s stock after purchasing an additional 32,521 shares during the quarter. First Eagle Investment Management LLC owned about 3.96% of Airgain worth $2,325,000 as of its most recent SEC filing. 52.76% of the stock is currently owned by institutional investors and hedge funds.

Airgain Company Profile

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.