Airgain, Inc. (NASDAQ:AIRG) Given Average Recommendation of “Moderate Buy” by Brokerages

Airgain, Inc. (NASDAQ:AIRG) has earned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $7.70.

A number of research analysts recently weighed in on the stock. Weiss Ratings raised shares of Airgain from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 23rd. Northland Securities set a $8.50 price target on shares of Airgain in a research note on Thursday, May 7th. Wall Street Zen lowered shares of Airgain from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Roth Capital reissued a “buy” rating and issued a $9.00 price objective on shares of Airgain in a research note on Thursday, May 7th. Finally, Craig Hallum restated a “buy” rating and issued a $9.00 target price on shares of Airgain in a report on Thursday, May 7th.

Insider Transactions at Airgain

In other Airgain news, CEO Jacob Suen sold 4,573 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $6.51, for a total transaction of $29,770.23. Following the sale, the chief executive officer directly owned 281,431 shares of the company’s stock, valued at $1,832,115.81. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael Elbaz sold 3,787 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $6.77, for a total value of $25,637.99. Following the sale, the chief financial officer owned 135,506 shares in the company, valued at approximately $917,375.62. This trade represents a 2.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 10,847 shares of company stock valued at $72,827. 17.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Airgain

A number of institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd bought a new position in shares of Airgain during the 4th quarter valued at approximately $44,000. Susquehanna International Group LLP bought a new stake in Airgain in the third quarter worth $91,000. Citadel Advisors LLC lifted its position in Airgain by 270.1% in the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after buying an additional 43,214 shares during the last quarter. Whitcomb & Hess Inc. boosted its stake in Airgain by 36.0% during the second quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company’s stock worth $357,000 after buying an additional 15,022 shares during the period. Finally, BlackRock Inc. bought a new position in Airgain during the second quarter valued at $1,355,000. Hedge funds and other institutional investors own 52.76% of the company’s stock.

Airgain Trading Down 3.0%

Shares of Airgain stock opened at $5.53 on Friday. The stock has a 50 day moving average of $6.27 and a 200 day moving average of $5.77. Airgain has a 12 month low of $3.00 and a 12 month high of $7.66. The firm has a market cap of $72.44 million, a PE ratio of -9.87 and a beta of 0.91.

Airgain (NASDAQ:AIRG) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $13.70 million for the quarter, compared to the consensus estimate of $13.45 million. Airgain had a negative return on equity of 13.72% and a negative net margin of 13.65%.Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. As a group, equities research analysts forecast that Airgain will post -0.22 earnings per share for the current fiscal year.

About Airgain

Airgain, Inc (NASDAQ: AIRG) is a provider of intelligent wireless connectivity solutions designed to enhance data transmission, network performance and antenna efficiency for a range of devices. Headquartered in San Diego, California, the company develops both embedded and external antenna systems, as well as associated connectivity software, to support wireless applications across cellular, Wi-Fi, machine-to-machine (M2M) and Internet of Things (IoT) markets.

The company’s product portfolio includes modular smart antennas, parallel path phase-diversity antennas and advanced array antenna solutions that are optimized for environments such as smart homes, industrial automation, transportation and enterprise networking.