StockNews.com Initiates Coverage on Airgain (NASDAQ:AIRG)

Posted by on Jul 17th, 2023

Research analysts at StockNews.com started coverage on shares of Airgain (NASDAQ:AIRG – Get Free Report) in a research note issued to investors on Monday. The firm set a “buy” rating on the technology company’s stock.

A number of other research analysts also recently commented on the company. Craig Hallum reduced their price target on Airgain from $10.00 to $8.00 in a report on Friday, May 12th. Northland Securities decreased their price target on shares of Airgain from $11.00 to $8.00 in a research report on Tuesday, May 16th.

Airgain Stock Down 1.4 %

Shares of AIRG stock opened at $5.05 on Monday. Airgain has a fifty-two week low of $4.88 and a fifty-two week high of $9.00. The firm’s 50 day moving average price is $5.47 and its two-hundred day moving average price is $6.20. The stock has a market cap of $52.52 million, a price-to-earnings ratio of -5.74 and a beta of 0.94.

Airgain (NASDAQ:AIRG – Get Free Report) last issued its quarterly earnings data on Thursday, May 11th. The technology company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.03. The company 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%. On average, equities analysts forecast that Airgain will post -0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Airgain

Several large investors have recently made changes to their positions in AIRG. Advisor Group Holdings Inc. lifted its holdings in shares of Airgain by 30.7% during the first quarter. Advisor Group Holdings Inc. now owns 4,916 shares of the technology company’s stock worth $38,000 after buying an additional 1,154 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Airgain by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 188,429 shares of the technology company’s stock worth $1,428,000 after purchasing an additional 1,972 shares during the period. Blair William & Co. IL increased its position in Airgain by 16.7% in the first 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 during the period. Vanguard Group Inc. increased its stake in shares of Airgain by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 483,958 shares of the technology company’s stock valued at $3,668,000 after acquiring an additional 16,859 shares during the last quarter. Finally, Engineers Gate Manager LP increased its stake in shares of Airgain by 18.4% in the 1st quarter. Engineers Gate Manager LP now owns 14,254 shares of the technology company’s stock valued at $108,000 after acquiring an additional 2,214 shares during the last quarter. Institutional investors own 52.63% of the company’s stock.

Airgain Company Profile

(Get Free Report)

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; ultra-embedded antennas; SmartMax embedded antennas; and MaxBeam carrier class antennas, as well as automotive, fleet, public safety, and machine-to-machine antennas under the Antenna Plus brand.

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