Airgain (NASDAQ:AIRG) Raised to “Buy” at Wall Street Zen

Airgain (NASDAQ:AIRG) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Airgain from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Airgain currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.70.

Airgain Stock Performance

Shares of Airgain stock opened at $4.04 on Friday. The company has a fifty day simple moving average of $5.17 and a 200-day simple moving average of $5.95. Airgain has a 12-month low of $3.00 and a 12-month high of $7.66. The stock has a market cap of $52.92 million, a price-to-earnings ratio of -7.21 and a beta of 0.91.

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

Insider Transactions at Airgain

In other news, Director James K. Sims purchased 8,269 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were bought at an average price of $5.11 per share, with a total value of $42,254.59. Following the completion of the transaction, the director directly owned 457,733 shares in the company, valued at approximately $2,339,015.63. This represents a 1.84% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders purchased 16,500 shares of company stock worth $84,821. Company insiders own 17.50% of the company’s stock.

Institutional Investors Weigh In On Airgain

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Airgain during the second quarter worth approximately $1,355,000. Whitcomb & Hess Inc. increased its holdings in shares of Airgain by 36.0% in the 2nd quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company’s stock valued at $357,000 after acquiring an additional 15,022 shares during the period. Renaissance Technologies LLC raised its position in Airgain by 4.6% in the 1st quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock valued at $1,850,000 after purchasing an additional 14,700 shares during the last quarter. AXQ Capital LP purchased a new stake in Airgain in the 2nd quarter valued at $79,000. Finally, Bank of America Corp DE purchased a new stake in Airgain in the 2nd quarter valued at $77,000. Hedge funds and other institutional investors own 52.76% of the company’s stock.

About Airgain

Airgain, Inc is a wireless connectivity company that develops and supplies antenna and communications solutions for connected devices and networks. Its products are designed to help devices connect reliably to cellular, Wi-Fi, and other wireless networks across a range of operating environments.

The company offers embedded and external antenna systems, cellular connectivity products, and related hardware and software solutions. Its portfolio supports applications including consumer broadband equipment, enterprise networking, automotive and transportation systems, industrial and public-safety communications, and other Internet of Things deployments.