Airgain (NASDAQ:AIRG) Earns Buy Rating from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Airgain (NASDAQ:AIRG – Get Rating) in a report issued on Wednesday. The brokerage set a “buy” rating on the technology company’s stock.

A number of other equities research analysts also recently weighed in on AIRG. Northland Securities cut their price target on shares of Airgain from $11.00 to $8.00 in a report on Tuesday, May 16th. B. Riley reduced their target price on Airgain from $9.00 to $8.00 in a research report on Friday, March 10th. Finally, Craig Hallum cut their price objective on Airgain from $10.00 to $8.00 in a report on Friday, May 12th.

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Airgain Price Performance

Airgain stock opened at $5.82 on Wednesday. The firm’s 50-day moving average is $5.61 and its two-hundred day moving average is $6.56. Airgain has a 12-month low of $5.00 and a 12-month high of $11.00. The stock has a market capitalization of $60.59 million, a P/E ratio of -6.61 and a beta of 0.97.

Airgain (NASDAQ:AIRG – Get Rating) last posted its quarterly earnings results on Thursday, March 9th. The technology company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.19). The business had revenue of $19.89 million during the quarter, compared to analysts’ expectations of $20.48 million. Airgain had a negative net margin of 12.02% and a negative return on equity of 14.03%. As a group, analysts forecast that Airgain will post -0.39 EPS for the current year.

Hedge Funds Weigh In On Airgain

Several institutional investors have recently modified their holdings of AIRG. First Eagle Investment Management LLC increased its holdings in shares of Airgain by 526.6% during the 4th quarter. First Eagle Investment Management LLC now owns 237,095 shares of the technology company’s stock worth $1,543,000 after acquiring an additional 199,254 shares during the last quarter. Granahan Investment Management LLC lifted its position in shares of Airgain by 24.2% during the 4th quarter. Granahan Investment Management LLC now owns 690,274 shares of the technology company’s stock worth $4,494,000 after buying an additional 134,597 shares during the last quarter. Millennium Management LLC acquired a new position in Airgain in the 2nd quarter worth about $881,000. Blair William & Co. IL increased its holdings in Airgain by 16.7% in the 1st quarter. Blair William & Co. IL now owns 739,511 shares of the technology company’s stock worth $5,605,000 after purchasing an additional 105,601 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Airgain in the second quarter valued at about $573,000. Institutional investors own 54.70% of the company’s stock.

About Airgain

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Airgain, Inc provides embedded antenna products, integration support and test services. The firm works in partnership with the entire ecosystem, including carriers, chipset suppliers, OEMs, and ODMs. Its products include embedded, external and carrier-class antennas. The company offers custom antenna design and performance validation services.

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