Airgain (NASDAQ:AIRG) Stock Gets Downgrade from Wall Street Zen

Airgain (NASDAQ:AIRG) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Airgain from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 23rd. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.70.

Airgain Trading Down 1.2%

Shares of AIRG opened at $4.00 on Friday. Airgain has a 12 month low of $3.00 and a 12 month high of $7.66. The stock has a fifty day moving average price of $4.98 and a 200-day moving average price of $5.89.

Airgain (NASDAQ:AIRG) last announced its earnings results on Wednesday, August 5th. The technology company reported $0.02 earnings per share for the quarter. Airgain had a negative return on equity of 13.72% and a negative net margin of 13.65%. The firm had revenue of $13.70 million for the quarter, compared to the consensus estimate of $13.45 million. Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. As a group, analysts forecast that Airgain will post -0.19 earnings per share for the current year.

Insider Transactions at Airgain

In related news, Director James K. Sims acquired 8,269 shares of the stock in a transaction on Tuesday, September 1st. The shares were acquired at an average price of $5.11 per share, for a total transaction of $42,254.59. Following the transaction, the director owned 457,733 shares in the company, valued at approximately $2,339,015.63. This trade represents a 1.84% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 16,500 shares of company stock valued at $84,821 over the last three months. Insiders own 17.50% of the company’s stock.

Institutional Investors Weigh In On Airgain

Hedge funds have recently modified their holdings of the company. Whitcomb & Hess Inc. grew its position in shares of Airgain by 10.4% during the 3rd quarter. Whitcomb & Hess Inc. now owns 62,615 shares of the technology company’s stock valued at $311,000 after acquiring an additional 5,909 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Airgain in the 2nd quarter worth about $74,000. Bank of America Corp DE acquired a new position in Airgain in the 2nd quarter worth about $77,000. AXQ Capital LP acquired a new position in Airgain in the 2nd quarter worth about $79,000. Finally, Renaissance Technologies LLC boosted its position in Airgain by 4.6% during the first quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock worth $1,850,000 after purchasing an additional 14,700 shares in the last quarter. 52.76% of the stock is owned by hedge funds and other institutional investors.

Airgain Company Profile

Airgain, Inc is a wireless connectivity company that develops and supplies antenna and communications solutions for connected devices and networks. Its products are designed to help devices connect reliably to cellular, Wi-Fi, and other wireless networks across a range of operating environments.

The company offers embedded and external antenna systems, cellular connectivity products, and related hardware and software solutions. Its portfolio supports applications including consumer broadband equipment, enterprise networking, automotive and transportation systems, industrial and public-safety communications, and other Internet of Things deployments.