Airgain, Inc. (NASDAQ:AIRG) Receives Average Rating of “Moderate Buy” from Analysts

Airgain, Inc. (NASDAQ:AIRG) has received an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $6.25.

Several analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airgain in a research note on Wednesday, October 8th. Craig Hallum dropped their target price on shares of Airgain from $7.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Lake Street Capital assumed coverage on shares of Airgain in a research note on Wednesday. They issued a “buy” rating and a $6.00 price target on the stock. Finally, Northland Securities decreased their price target on shares of Airgain from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, November 17th.

Institutional Trading of Airgain

A number of hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC increased its position in shares of Airgain by 270.1% during the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after buying an additional 43,214 shares during the period. Susquehanna International Group LLP acquired a new position in Airgain in the third quarter valued at $91,000. Marathon Capital Management bought a new stake in Airgain during the second quarter valued at $42,000. Finally, Farther Finance Advisors LLC grew its holdings in Airgain by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock worth $167,000 after acquiring an additional 7,500 shares during the period. 52.76% of the stock is owned by institutional investors and hedge funds.

Airgain Stock Performance

AIRG remained flat at $4.07 during trading on Wednesday. 20,169 shares of the company’s stock traded hands, compared to its average volume of 35,218. The business’s fifty day moving average is $4.02 and its 200 day moving average is $4.21. Airgain has a 1-year low of $3.00 and a 1-year high of $8.47. The firm has a market cap of $48.67 million, a P/E ratio of -8.10 and a beta of 0.87.

Airgain (NASDAQ:AIRG) last issued its earnings results on Wednesday, November 12th. The technology company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Airgain had a negative return on equity of 16.03% and a negative net margin of 10.87%.The firm had revenue of $14.02 million for the quarter, compared to the consensus estimate of $14.13 million. Airgain has set its Q4 2025 guidance at 0.000-0.000 EPS. On average, analysts forecast that Airgain will post -0.53 EPS for the current year.

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.