Airgain, Inc. (NASDAQ:AIRG) Receives $6.20 Average PT from Brokerages

Airgain, Inc. (NASDAQ:AIRG) has received an average rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $6.20.

AIRG has been the topic of several recent analyst reports. Royal Bank Of Canada set a $6.00 target price on shares of Airgain in a research note on Wednesday, January 21st. Craig Hallum lowered their price objective on Airgain from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Northland Securities cut their price target on shares of Airgain from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday, November 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Airgain in a research report on Wednesday, January 21st. Finally, Lake Street Capital assumed coverage on shares of Airgain in a research note on Wednesday, January 21st. They issued a “buy” rating and a $6.00 price target for the company.

Airgain Trading Down 3.6%

AIRG opened at $5.14 on Friday. Airgain has a 12 month low of $3.00 and a 12 month high of $7.12. The company has a market cap of $61.47 million, a PE ratio of -10.28 and a beta of 0.94. The company has a 50 day moving average of $4.39 and a 200 day moving average of $4.26.

Insider Buying and Selling at Airgain

In related news, CEO Jacob Suen sold 6,112 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $5.01, for a total value of $30,621.12. Following the completion of the sale, the chief executive officer owned 287,523 shares of the company’s stock, valued at $1,440,490.23. This trade represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders sold 44,179 shares of company stock valued at $188,273. 17.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Airgain

Institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd bought a new position in shares of Airgain in the 4th quarter worth approximately $44,000. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Airgain during the fourth quarter valued at approximately $934,000. Susquehanna International Group LLP purchased a new stake in Airgain in the third quarter worth $91,000. Citadel Advisors LLC raised its holdings in Airgain by 270.1% in the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after purchasing an additional 43,214 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Airgain by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock valued at $167,000 after buying an additional 7,500 shares during the period. 52.76% of the stock is owned by institutional investors.

Airgain Company Profile

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.