Research analysts at StockNews.com assumed coverage on shares of Airgain (NASDAQ:AIRG – Get Free Report) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the technology company’s stock.
Airgain Stock Up 4.0 %
Shares of NASDAQ:AIRG opened at $5.46 on Wednesday. The firm has a market cap of $58.80 million, a P/E ratio of -4.59 and a beta of 0.81. Airgain has a 12-month low of $1.63 and a 12-month high of $6.37. The business has a fifty day simple moving average of $5.21 and a 200 day simple moving average of $4.03.
Airgain (NASDAQ:AIRG – Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.15). Airgain had a negative return on equity of 24.77% and a negative net margin of 22.18%. The company had revenue of $10.07 million for the quarter, compared to the consensus estimate of $10.00 million. As a group, equities research analysts expect that Airgain will post -0.44 EPS for the current year.
Insider Transactions at Airgain
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Airgain stock. Perkins Capital Management Inc. grew its stake in shares of Airgain, Inc. (NASDAQ:AIRG – Free Report) by 2,350.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 379,820 shares of the technology company’s stock after purchasing an additional 364,320 shares during the period. Airgain makes up 1.2% of Perkins Capital Management Inc.’s investment portfolio, making the stock its 26th biggest holding. Perkins Capital Management Inc. owned about 3.64% of Airgain worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission. 52.76% of the stock is currently owned by hedge funds and other institutional investors.
About Airgain
Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.
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