Airgain Inc (NASDAQ:AIRG) has earned a consensus rating of “Buy” from the six ratings firms that are currently covering the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $19.63.
AIRG has been the topic of several research reports. Wunderlich lowered Airgain from a “buy” rating to a “hold” rating and set a $19.00 price target on the stock. in a research note on Wednesday, December 14th. William Blair initiated coverage on Airgain in a research note on Thursday, December 15th. They set an “outperform” rating on the stock. Zacks Investment Research lowered Airgain from a “buy” rating to a “hold” rating in a research note on Tuesday, December 20th. Vetr lowered Airgain from a “strong-buy” rating to a “buy” rating and set a $17.52 price target on the stock. in a research note on Monday, February 13th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $22.00 price target on shares of Airgain in a research note on Friday, February 17th.
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In related news, Director Arthur M. Toscanini sold 28,500 shares of the company’s stock in a transaction dated Tuesday, April 11th. The stock was sold at an average price of $15.23, for a total value of $434,055.00. Following the completion of the sale, the director now owns 87,474 shares in the company, valued at $1,332,229.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Glenn Selbo sold 19,000 shares of the company’s stock in a transaction dated 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 owns 17,575 shares of the company’s stock, valued at approximately $280,497. The disclosure for this sale can be found here. Insiders have sold 57,500 shares of company stock worth $896,995 in the last ninety days.
A number of large investors have recently added to or reduced their stakes in the stock. Tudor Investment Corp Et Al bought a new stake in Airgain during the fourth quarter worth approximately $144,000. Soros Fund Management LLC bought a new stake in Airgain during the fourth quarter worth approximately $2,400,000. Royce & Associates LP bought a new stake in Airgain during the fourth quarter worth approximately $3,982,000. Systematic Financial Management LP bought a new stake in Airgain during the fourth quarter worth approximately $2,425,000. Finally, Russell Investments Group Ltd. bought a new stake in Airgain during the fourth quarter worth approximately $1,442,000. Institutional investors and hedge funds own 7.73% of the company’s stock.
Shares of Airgain (NASDAQ:AIRG) traded down 2.10% during midday trading on Monday, reaching $14.90. The company’s stock had a trading volume of 49,467 shares. The company has a market cap of $139.64 million and a price-to-earnings ratio of 37.34. Airgain has a 12 month low of $7.36 and a 12 month high of $29.30. The stock has a 50-day moving average of $13.88 and a 200 day moving average of $15.60.
Airgain (NASDAQ:AIRG) last issued its quarterly earnings results on Thursday, February 16th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. Airgain had a negative return on equity of 8.73% and a net margin of 6.41%. The business had revenue of $12.63 million for the quarter, compared to analyst estimates of $12.23 million. During the same quarter in the prior year, the firm posted ($0.99) earnings per share. The firm’s revenue for the quarter was up 35.4% compared to the same quarter last year. On average, analysts predict that Airgain will post $0.43 earnings per share for the current fiscal year.
Airgain Company Profile
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.
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