Airgain (NASDAQ:AIRG) Director James Sims Acquires 8,269 Shares

Airgain, Inc. (NASDAQ:AIRG) Director James Sims bought 8,269 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were acquired at an average price of $5.11 per share, with a total value of $42,254.59. Following the completion of the transaction, the director owned 457,733 shares of the company’s stock, valued at approximately $2,339,015.63. The trade was a 1.84% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Airgain Stock Performance

NASDAQ AIRG opened at $5.02 on Thursday. The stock has a market cap of $65.76 million, a PE ratio of -8.96 and a beta of 0.93. Airgain, Inc. has a 12 month low of $3.00 and a 12 month high of $7.66. The company’s 50-day moving average price is $5.72 and its 200-day moving average price is $5.86.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.02 earnings per share for the quarter. The company had revenue of $13.70 million during the quarter, compared to analyst estimates of $13.45 million. Airgain had a negative net margin of 13.65% and a negative return on equity of 13.72%. Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. As a group, sell-side analysts forecast that Airgain, Inc. will post -0.19 earnings per share for the current year.

Hedge Funds Weigh In On Airgain

Hedge funds and other institutional investors have recently modified their holdings of the business. AXQ Capital LP purchased a new position in Airgain during the second quarter valued at approximately $79,000. Bank of America Corp DE purchased a new stake in Airgain during the second quarter worth $77,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Airgain during the second quarter worth $74,000. BlackRock Inc. bought a new stake in Airgain during the 2nd quarter valued at $1,355,000. Finally, Whitcomb & Hess Inc. boosted its position in Airgain by 36.0% during the 2nd quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company’s stock valued at $357,000 after acquiring an additional 15,022 shares in the last quarter. 52.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AIRG. Weiss Ratings upgraded 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 objective on Airgain in a report on Thursday, May 7th. Wall Street Zen lowered Airgain from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Craig Hallum reiterated a “buy” rating and issued a $9.00 target price on shares of Airgain in a report on Thursday, May 7th. Finally, Roth Capital reissued a “buy” rating and set a $9.00 price target on shares of Airgain in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Airgain currently has a consensus rating of “Moderate Buy” and an average price target of $7.70.

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.