Brokerages Set Airgain Inc (NASDAQ:AIRG) Target Price at $17.67

Shares of Airgain Inc (NASDAQ:AIRG) have been given a consensus rating of “Buy” by the six brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $17.67.

AIRG has been the subject of a number of research analyst reports. B. Riley boosted their target price on Airgain from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Cowen reaffirmed an “outperform” rating and set a $14.00 price objective (down from $16.00) on shares of Airgain in a research report on Friday, August 9th. Northland Securities reaffirmed a “buy” rating and set a $17.00 price objective on shares of Airgain in a research report on Friday, May 10th. Zacks Investment Research cut Airgain from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, ValuEngine cut Airgain from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st.

In other news, CEO James K. Sims sold 4,476 shares of the company’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $14.00, for a total transaction of $62,664.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 32,428 shares of company stock valued at $458,485 over the last ninety days. 8.40% of the stock is owned by insiders.



Several hedge funds have recently bought and sold shares of the company. Strs Ohio bought a new stake in Airgain during the second quarter worth about $35,000. BerganKDV Wealth Management LLC bought a new stake in Airgain during the first quarter worth about $128,000. Wells Fargo & Company MN raised its holdings in Airgain by 366.4% during the second quarter. Wells Fargo & Company MN now owns 10,532 shares of the technology company’s stock worth $148,000 after acquiring an additional 8,274 shares in the last quarter. Stone Ridge Asset Management LLC bought a new stake in Airgain during the second quarter worth about $158,000. Finally, Schnieders Capital Management LLC bought a new stake in Airgain during the second quarter worth about $162,000. 35.21% of the stock is owned by institutional investors.

NASDAQ:AIRG traded up $0.21 on Thursday, reaching $11.80. The company’s stock had a trading volume of 23,700 shares, compared to its average volume of 91,353. Airgain has a 1-year low of $8.81 and a 1-year high of $17.25. The firm has a market cap of $116.61 million, a PE ratio of -43.70 and a beta of 1.93. The business’s 50-day moving average price is $13.26 and its two-hundred day moving average price is $13.46.

Airgain (NASDAQ:AIRG) last posted its earnings results on Thursday, August 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.11. Airgain had a return on equity of 5.94% and a net margin of 4.38%. The firm had revenue of $14.50 million during the quarter, compared to analysts’ expectations of $14.30 million. During the same period in the previous year, the firm earned $0.02 earnings per share. The company’s revenue was down 3.1% on a year-over-year basis. As a group, equities research analysts forecast that Airgain will post 0.01 earnings per share for the current fiscal year.

About Airgain

Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, service providers, and value added resellers and distributors worldwide. Its products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; OmniMax high performance external antennas; MaxBeam carrier class antennas; and SmartMax embedded antennas, as well as automotive, fleet, public safety, and M2M antennas.

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