Airgain Inc (NASDAQ:AIRG) has earned a consensus rating of “Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $14.00.

A number of brokerages have issued reports on AIRG. William Blair began coverage on shares of Airgain in a report on Friday, August 10th. They issued an “outperform” rating on the stock. B. Riley upgraded shares of Airgain from a “neutral” rating to a “buy” rating and lifted their price target for the company from $8.50 to $13.00 in a report on Friday, August 10th. ValuEngine upgraded shares of Airgain from a “hold” rating to a “buy” rating in a report on Friday, August 10th. Cowen lifted their price target on shares of Airgain from $12.00 to $16.00 and gave the company an “outperform” rating in a report on Friday, November 2nd. Finally, Zacks Investment Research downgraded shares of Airgain from a “buy” rating to a “hold” rating in a report on Friday, November 2nd.

Shares of AIRG stock opened at $10.99 on Friday. The firm has a market cap of $117.99 million, a PE ratio of 99.91 and a beta of 1.54. Airgain has a one year low of $7.40 and a one year high of $14.17.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings data on Thursday, November 1st. The technology company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.05. The firm had revenue of $15.80 million for the quarter, compared to the consensus estimate of $15.70 million. Airgain had a negative net margin of 5.74% and a negative return on equity of 7.35%. The company’s revenue was up 27.4% on a year-over-year basis. During the same period last year, the firm earned $0.02 EPS. On average, analysts anticipate that Airgain will post -0.37 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Blair William & Co. IL increased its holdings in Airgain by 8.2% in the 3rd quarter. Blair William & Co. IL now owns 613,383 shares of the technology company’s stock valued at $8,060,000 after acquiring an additional 46,375 shares during the last quarter. Royce & Associates LP increased its holdings in Airgain by 38.3% in the 3rd quarter. Royce & Associates LP now owns 407,711 shares of the technology company’s stock valued at $5,357,000 after acquiring an additional 113,000 shares during the last quarter. Northpointe Capital LLC increased its holdings in Airgain by 332.7% in the 3rd quarter. Northpointe Capital LLC now owns 265,951 shares of the technology company’s stock valued at $3,495,000 after acquiring an additional 204,487 shares during the last quarter. Worth Venture Partners LLC increased its holdings in Airgain by 24.7% in the 3rd quarter. Worth Venture Partners LLC now owns 106,815 shares of the technology company’s stock valued at $1,404,000 after acquiring an additional 21,171 shares during the last quarter. Finally, EAM Investors LLC bought a new stake in Airgain in the 3rd quarter valued at $879,000. Institutional investors own 32.34% of the company’s stock.

Airgain Company Profile

Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, and service providers worldwide. Its products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; omnimax high performance external antennas; MaxBeam carrier class antennas; and SmartMax embedded antennas, as well as automotive, fleet, public safety, and M2M antennas.

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