Northland Securities Lowers Earnings Estimates for Airgain

Airgain, Inc. (NASDAQ:AIRG) – Equities researchers at Northland Securities decreased their Q4 2026 earnings per share estimates for shares of Airgain in a research note issued to investors on Thursday, May 7th. Northland Securities analyst T. Savageaux now anticipates that the technology company will post earnings per share of $0.00 for the quarter, down from their previous estimate of $0.02. The consensus estimate for Airgain’s current full-year earnings is ($0.18) per share.

A number of other analysts also recently issued reports on the stock. Royal Bank Of Canada set a $6.00 target price on shares of Airgain in a research report on Wednesday, January 21st. Lake Street Capital started coverage on shares of Airgain in a research report on Wednesday, January 21st. They set a “buy” rating and a $6.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Airgain in a research note on Monday, April 20th. Craig Hallum reissued a “buy” rating and issued a $9.00 price objective on shares of Airgain in a research report on Thursday, May 7th. Finally, Wall Street Zen raised shares of Airgain from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.70.

Airgain Price Performance

NASDAQ AIRG opened at $6.99 on Friday. The firm has a market capitalization of $88.63 million, a P/E ratio of -12.71 and a beta of 0.90. Airgain has a 1-year low of $3.00 and a 1-year high of $7.39. The business’s 50-day simple moving average is $5.66 and its 200-day simple moving average is $4.77.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). The firm had revenue of $11.51 million during the quarter, compared to the consensus estimate of $11.48 million. Airgain had a negative return on equity of 15.42% and a negative net margin of 13.22%.Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AIRG. Renaissance Technologies LLC increased its stake in Airgain by 4.6% during the 1st quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock worth $1,850,000 after buying an additional 14,700 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Airgain during the fourth quarter valued at about $934,000. Citadel Advisors LLC grew its stake 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 valued at $118,000 after acquiring an additional 43,214 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Airgain during the third quarter worth about $91,000. Finally, XTX Topco Ltd acquired a new position in shares of Airgain in the fourth quarter worth about $44,000. 52.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Airgain

In other Airgain news, CFO Michael Elbaz sold 3,787 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $6.77, for a total value of $25,637.99. Following the completion of the transaction, the chief financial officer owned 135,506 shares in the company, valued at $917,375.62. This represents a 2.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Ali Sadri sold 13,638 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $4.12, for a total transaction of $56,188.56. Following the completion of the sale, the chief technology officer directly owned 126,263 shares of the company’s stock, valued at $520,203.56. This trade represents a 9.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 79,927 shares of company stock worth $353,095. 17.80% of the stock is currently owned by company insiders.

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.