Airgain (NASDAQ:AIRG) Director Acquires $42,254.59 in Stock

Airgain, Inc. (NASDAQ:AIRG) Director James Sims purchased 8,269 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was acquired at an average cost of $5.11 per share, with a total value of $42,254.59. Following the transaction, the director directly owned 457,733 shares of the company’s stock, valued at approximately $2,339,015.63. This represents a 1.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Airgain Stock Performance

NASDAQ AIRG remained flat at $5.02 during trading on Wednesday. The company’s stock had a trading volume of 23,260 shares, compared to its average volume of 82,138. Airgain, Inc. has a 12 month low of $3.00 and a 12 month high of $7.66. The firm has a market capitalization of $65.76 million, a P/E ratio of -8.96 and a beta of 0.91. The stock has a fifty day moving average price of $5.74 and a 200 day moving average price of $5.86.

Airgain (NASDAQ:AIRG) last issued its earnings results on Wednesday, August 5th. The technology company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $13.70 million during the quarter, compared to analysts’ expectations of $13.45 million. Airgain had a negative return on equity of 13.72% and a negative net margin of 13.65%.Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. Equities research analysts forecast that Airgain, Inc. will post -0.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AIRG shares. Northland Securities set a $8.50 price objective on Airgain in a report on Thursday, May 7th. Roth Capital reiterated a “buy” rating and set a $9.00 target price on shares of Airgain in a research report on Thursday, May 7th. Craig Hallum reissued a “buy” rating and set a $9.00 price target on shares of Airgain in a report on Thursday, May 7th. Weiss Ratings upgraded shares of Airgain from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen cut shares of Airgain from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $7.70.

Hedge Funds Weigh In On Airgain

Several institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in Airgain in the fourth quarter worth $44,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Airgain in the second quarter valued at $74,000. Bank of America Corp DE bought a new position in shares of Airgain in the second quarter valued at about $77,000. AXQ Capital LP bought a new position in shares of Airgain in the second quarter valued at about $79,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Airgain by 4.6% in the first quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock valued at $1,850,000 after buying an additional 14,700 shares during the last quarter. Institutional investors own 52.76% of the company’s stock.

About Airgain

Airgain, Inc (NASDAQ: AIRG) is a provider of intelligent wireless connectivity solutions designed to enhance data transmission, network performance and antenna efficiency for a range of devices. Headquartered in San Diego, California, the company develops both embedded and external antenna systems, as well as associated connectivity software, to support wireless applications across cellular, Wi-Fi, machine-to-machine (M2M) and Internet of Things (IoT) markets.

The company’s product portfolio includes modular smart antennas, parallel path phase-diversity antennas and advanced array antenna solutions that are optimized for environments such as smart homes, industrial automation, transportation and enterprise networking.