Vetr cut shares of Airgain, Inc. (NASDAQ:AIRG) from a strong-buy rating to a buy rating in a research note issued to investors on Monday morning. They currently have $17.52 target price on the stock.
A number of other analysts have also recently issued reports on the company. Wunderlich cut Airgain from a buy rating to a hold rating and set a $19.00 target price for the company. in a research report on Wednesday, December 14th. William Blair started coverage on Airgain in a research report on Thursday, December 15th. They issued an outperform rating for the company. Zacks Investment Research cut Airgain from a buy rating to a hold rating in a research report on Tuesday, December 20th. Finally, Cowen and Company began coverage on Airgain in a research report on Monday, December 12th. They set an outperform rating and a $22.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $18.50.
Shares of Airgain (NASDAQ:AIRG) opened at 16.49 on Monday. The stock’s 50 day moving average is $15.88 and its 200-day moving average is $15.63. Airgain has a one year low of $7.36 and a one year high of $29.30. The company has a market cap of $124.94 million and a PE ratio of 116.13.
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In other news, insider Charles A. Myers sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 14th. The stock was sold at an average price of $15.90, for a total value of $795,000.00. Following the completion of the sale, the insider now directly owns 210,924 shares of the company’s stock, valued at approximately $3,353,691.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Glenn Selbo sold 19,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $15.96, for a total value of $303,240.00. Following the completion of the sale, the chief operating officer now directly owns 17,575 shares of the company’s stock, valued at $280,497. The disclosure for this sale can be found here. Insiders have sold a total of 79,000 shares of company stock valued at $1,257,940 over the last ninety days.
Hedge funds have recently bought and sold shares of the stock. Royce & Associates LP acquired a new stake in Airgain during the fourth quarter valued at approximately $3,982,000. Systematic Financial Management LP acquired a new stake in Airgain during the fourth quarter valued at approximately $2,425,000. Spark Investment Management LLC acquired a new stake in Airgain during the third quarter valued at approximately $2,496,000. Russell Investments Group Ltd. acquired a new stake in Airgain during the fourth quarter valued at approximately $1,442,000. Finally, Sigma Planning Corp acquired a new stake in Airgain during the third quarter valued at approximately $217,000. 7.73% of the stock is owned by institutional investors and hedge funds.
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.
To view Vetr’s full report, visit Vetr’s official website.
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