Airgain, Inc. (NASDAQ:AIRG) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Airgain, Inc. (NASDAQ:AIRG) have been assigned an average rating of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $7.70.

A number of brokerages recently commented on AIRG. Craig Hallum reaffirmed a “buy” rating and issued a $9.00 target price on shares of Airgain in a research report on Thursday, May 7th. Weiss Ratings cut Airgain from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. Northland Securities set a $8.50 price objective on Airgain in a report on Thursday, May 7th. Roth Capital restated a “buy” rating and set a $9.00 price objective on shares of Airgain in a report on Thursday, May 7th. Finally, Wall Street Zen lowered Airgain from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd.

Insiders Place Their Bets

In other Airgain news, CEO Jacob Suen sold 4,573 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $6.51, for a total value of $29,770.23. Following the transaction, the chief executive officer directly owned 281,431 shares of the company’s stock, valued at approximately $1,832,115.81. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Elbaz sold 3,787 shares of Airgain stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $6.77, for a total transaction of $25,637.99. Following the transaction, the chief financial officer owned 135,506 shares of the company’s stock, valued at $917,375.62. This represents a 2.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 12,847 shares of company stock valued at $86,067 in the last 90 days. 17.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Airgain

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Nano Cap New Millennium Growth Fund L P bought a new position in Airgain in the 4th quarter valued at about $934,000. Renaissance Technologies LLC boosted 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 valued at $1,850,000 after purchasing an additional 14,700 shares during the last quarter. XTX Topco Ltd bought a new stake in Airgain during the 4th quarter worth approximately $44,000. Susquehanna International Group LLP bought a new stake in Airgain during the 3rd quarter worth approximately $91,000. Finally, Citadel Advisors LLC raised its stake in shares of 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 during the last quarter. 52.76% of the stock is owned by institutional investors.

Airgain Trading Up 4.2%

AIRG opened at $6.18 on Wednesday. Airgain has a 1-year low of $3.00 and a 1-year high of $7.66. The company has a market cap of $78.36 million, a P/E ratio of -11.24 and a beta of 0.89. The company has a fifty day moving average price of $6.69 and a two-hundred day moving average price of $5.56.

Airgain (NASDAQ:AIRG) last released its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.08). The company had revenue of $11.51 million for the quarter, compared to analysts’ expectations of $11.47 million. Airgain had a negative net margin of 13.22% and a negative return on equity of 15.42%. Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. On average, research analysts forecast that Airgain will post -0.22 EPS for the current fiscal 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.