Airgain (AIRG) Upgraded by Zacks Investment Research to Hold
Airgain (NASDAQ:AIRG) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday.
According to Zacks, “Airgain, Inc. is a provider of embedded antenna technologies. It offers antennas for the devices which are deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways, media adapters and digital televisions. The company also offers residential wireless local area network or wireless fidelity to carriers, original equipment manufacturers, original design manufacturers and system designers. Airgain, Inc. is based in San Diego, United States. “
Several other equities research analysts have also recently weighed in on the company. Northland Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Airgain in a research report on Friday, November 10th. B. Riley reduced their price objective on Airgain from $12.50 to $10.00 and set a “buy” rating for the company in a research report on Friday, November 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $16.10.
In related news, Director Arthur M. Toscanini sold 8,023 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $9.34, for a total value of $74,934.82. Following the completion of the transaction, the director now directly owns 71,587 shares of the company’s stock, valued at $668,622.58. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 23.40% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services Inc bought a new position in Airgain in the third quarter worth $118,000. Menta Capital LLC bought a new position in Airgain in the second quarter worth $251,000. Worth Venture Partners LLC lifted its position in Airgain by 56.8% in the second quarter. Worth Venture Partners LLC now owns 62,534 shares of the technology company’s stock worth $887,000 after purchasing an additional 22,653 shares during the period. Rice Hall James & Associates LLC bought a new position in Airgain in the third quarter worth $1,351,000. Finally, Skylands Capital LLC bought a new position in Airgain in the third quarter worth $1,854,000. 24.50% of the stock is owned by hedge funds and other institutional investors.
Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.