Airgain (NASDAQ:AIRG) Now Covered by StockNews.com

Posted by on Jun 23rd, 2023

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

Several other research analysts have also recently weighed in on AIRG. Craig Hallum lowered their price objective on Airgain from $10.00 to $8.00 in a research report on Friday, May 12th. Northland Securities lowered their price objective on Airgain from $11.00 to $8.00 in a research report on Tuesday, May 16th. Finally, B. Riley lowered their price objective on Airgain from $9.00 to $8.00 in a research report on Friday, March 10th.

Airgain Trading Down 3.7 %

AIRG opened at $5.14 on Friday. Airgain has a 1-year low of $5.00 and a 1-year high of $9.34. The stock’s fifty day simple moving average is $5.62 and its 200 day simple moving average is $6.38. The stock has a market cap of $53.46 million, a PE ratio of -5.84 and a beta of 0.97.

Airgain (NASDAQ:AIRG – Get Rating) last posted its quarterly earnings results on Thursday, May 11th. The technology company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.03. The business had revenue of $16.44 million for the quarter, compared to analysts’ expectations of $16.43 million. Airgain had a negative return on equity of 14.03% and a negative net margin of 12.02%. Equities analysts forecast that Airgain will post -0.39 earnings per share for the current year.

Institutional Trading of Airgain

Several large investors have recently modified their holdings of the stock. Retirement Solution Inc. bought a new position in Airgain in the fourth quarter valued at about $80,000. AE Wealth Management LLC bought a new stake in shares of Airgain during the fourth quarter worth about $83,000. Essex Investment Management Co. LLC bought a new stake in shares of Airgain during the third quarter worth about $377,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Airgain during the fourth quarter worth about $73,000. Finally, UBS Group AG grew its holdings in shares of Airgain by 256.8% during the second quarter. UBS Group AG now owns 6,066 shares of the technology company’s stock worth $49,000 after purchasing an additional 4,366 shares during the last quarter. 52.63% of the stock is owned by institutional investors and hedge funds.

Airgain Company Profile

(Get Rating)

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.

Read More

Receive News & Ratings for Airgain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airgain and related companies with MarketBeat.com's FREE daily email newsletter.