Airgain (NASDAQ:AIRG) Given New $5.00 Price Target at Craig Hallum

Airgain (NASDAQ:AIRG) had its target price decreased by Craig Hallum from $7.00 to $5.00 in a research report sent to investors on Thursday,Benzinga reports. Craig Hallum currently has a buy rating on the technology company’s stock.

Several other equities research analysts have also commented on the company. Roth Capital dropped their price target on Airgain from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, July 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airgain in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $6.00.

Airgain Stock Performance

Airgain stock traded up $0.58 during trading on Thursday, hitting $3.65. The company’s stock had a trading volume of 292,212 shares, compared to its average volume of 28,648. The stock’s fifty day moving average is $4.13 and its 200 day moving average is $4.22. Airgain has a 1-year low of $3.00 and a 1-year high of $9.65. The stock has a market capitalization of $43.45 million, a price-to-earnings ratio of -6.29 and a beta of 0.85.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Airgain had a negative net margin of 11.86% and a negative return on equity of 18.58%. The business had revenue of $14.02 million for the quarter, compared to analyst estimates of $14.13 million. Airgain has set its Q4 2025 guidance at 0.000-0.000 EPS. On average, research analysts anticipate that Airgain will post -0.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Airgain

Institutional investors have recently modified their holdings of the business. Bard Associates Inc. grew its position in shares of Airgain by 2.6% during the first quarter. Bard Associates Inc. now owns 157,830 shares of the technology company’s stock worth $532,000 after acquiring an additional 4,000 shares during the last quarter. Marathon Capital Management bought a new stake in shares of Airgain during the second quarter valued at approximately $42,000. Finally, Farther Finance Advisors LLC grew its holdings in Airgain by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock worth $167,000 after buying an additional 7,500 shares in the last quarter. Institutional investors own 52.76% of the company’s stock.

Airgain Company Profile

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; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.