Shares of Airgain Inc (NASDAQ:AIRG) have received an average recommendation of “Buy” from the six analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $13.00.

A number of analysts have issued reports on AIRG shares. Zacks Investment Research upgraded shares of Airgain from a “strong sell” rating to a “hold” rating in a research note on Friday, May 11th. TheStreet upgraded shares of Airgain from a “d+” rating to a “c-” rating in a research note on Monday, July 9th. ValuEngine upgraded shares of Airgain from a “hold” rating to a “buy” rating in a research note on Friday. B. Riley upgraded shares of Airgain from a “neutral” rating to a “buy” rating and lifted their target price for the company from $8.50 to $13.00 in a research note on Friday. Finally, William Blair started coverage on shares of Airgain in a research note on Friday. They issued an “outperform” rating for the company.

Several large investors have recently added to or reduced their stakes in the company. Blair William & Co. IL raised its position in shares of Airgain by 8.3% in the first quarter. Blair William & Co. IL now owns 499,346 shares of the technology company’s stock valued at $3,865,000 after purchasing an additional 38,092 shares during the period. Bard Associates Inc. raised its position in shares of Airgain by 158.0% in the first quarter. Bard Associates Inc. now owns 179,125 shares of the technology company’s stock valued at $1,386,000 after purchasing an additional 109,695 shares during the period. Trellus Management Company LLC raised its position in shares of Airgain by 14.3% in the second quarter. Trellus Management Company LLC now owns 80,000 shares of the technology company’s stock valued at $735,000 after purchasing an additional 10,000 shares during the period. Worth Venture Partners LLC raised its position in shares of Airgain by 13.2% in the first quarter. Worth Venture Partners LLC now owns 76,969 shares of the technology company’s stock valued at $596,000 after purchasing an additional 8,987 shares during the period. Finally, Northpointe Capital LLC bought a new position in shares of Airgain in the second quarter valued at approximately $565,000. 30.51% of the stock is currently owned by institutional investors.

Airgain traded up $1.73, reaching $11.38, during trading on Friday, according to Marketbeat.com. The company’s stock had a trading volume of 387,078 shares, compared to its average volume of 43,727. The stock has a market capitalization of $93.32 million, a PE ratio of 103.45 and a beta of 2.04. Airgain has a 1-year low of $7.31 and a 1-year high of $11.50.

Airgain (NASDAQ:AIRG) last posted its earnings results on Thursday, August 9th. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.07. The firm had revenue of $15.00 million during the quarter, compared to analysts’ expectations of $14.02 million. Airgain had a negative net margin of 6.48% and a negative return on equity of 7.36%. The company’s revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 earnings per share. analysts expect that Airgain will post -0.19 EPS for the current fiscal year.

About Airgain

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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