Airgain (NASDAQ:AIRG) Releases Quarterly Earnings Results

Airgain (NASDAQ:AIRG) released its earnings results on Wednesday. The technology company reported $0.02 earnings per share for the quarter, FiscalAI reports. The business had revenue of $13.70 million for the quarter, compared to analyst estimates of $13.45 million. Airgain had a negative net margin of 13.22% and a negative return on equity of 15.42%. Airgain updated its Q3 2026 guidance to 0.040-0.040 EPS.

Airgain Stock Down 0.5%

NASDAQ:AIRG traded down $0.03 on Wednesday, reaching $5.72. 69,585 shares of the company’s stock were exchanged, compared to its average volume of 84,088. The firm has a market capitalization of $72.51 million, a price-to-earnings ratio of -10.40 and a beta of 0.91. Airgain has a 52-week low of $3.00 and a 52-week high of $7.66. The business has a fifty day moving average of $6.36 and a 200-day moving average of $5.75.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Roth Capital reissued a “buy” rating and issued a $9.00 price objective on shares of Airgain in a report on Thursday, May 7th. Wall Street Zen lowered shares of Airgain from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Northland Securities set a $8.50 price objective on Airgain in a research report on Thursday, May 7th. Craig Hallum restated a “buy” rating and issued a $9.00 target price on shares of Airgain in a research report on Thursday, May 7th. Finally, Weiss Ratings raised Airgain from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.70.

Insider Activity at Airgain

In related news, CFO Michael Elbaz sold 3,787 shares of Airgain stock in a transaction that occurred on Wednesday, May 13th. The shares were 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 approximately $917,375.62. The trade was a 2.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jacob Suen sold 4,573 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $6.51, for a total transaction of $29,770.23. Following the sale, the chief executive officer directly owned 281,431 shares in the company, valued at approximately $1,832,115.81. The trade was a 1.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 10,847 shares of company stock valued at $72,827. Insiders own 17.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC boosted 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 valued at $118,000 after purchasing an additional 43,214 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Airgain in the 3rd quarter valued at about $91,000. Finally, XTX Topco Ltd purchased a new stake in Airgain in the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 52.76% of the company’s stock.

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.