Airgain (NASDAQ:AIRG) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Airgain (NASDAQ:AIRG) in a report released on Monday morning. The brokerage issued a hold rating on the technology company’s stock.

Airgain Price Performance

Shares of NASDAQ AIRG opened at $5.40 on Monday. The stock has a fifty day moving average price of $4.90 and a 200 day moving average price of $3.89. Airgain has a 1-year low of $1.63 and a 1-year high of $6.37. The company has a market cap of $56.75 million, a PE ratio of -4.54 and a beta of 0.85.

Airgain (NASDAQ:AIRG) last issued its quarterly earnings results on Wednesday, March 6th. The technology company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.15). Airgain had a negative return on equity of 24.77% and a negative net margin of 22.18%. The company had revenue of $10.07 million for the quarter, compared to analyst estimates of $10.00 million. Analysts anticipate that Airgain will post -0.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Ali Sadri sold 5,379 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $5.10, for a total transaction of $27,432.90. Following the completion of the sale, the chief technology officer now directly owns 96,958 shares of the company’s stock, valued at $494,485.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Airgain news, CTO Ali Sadri sold 5,379 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $5.10, for a total value of $27,432.90. Following the completion of the sale, the chief technology officer now owns 96,958 shares of the company’s stock, valued at $494,485.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jacob Suen sold 10,639 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $5.10, for a total value of $54,258.90. Following the completion of the sale, the chief executive officer now directly owns 236,275 shares of the company’s stock, valued at approximately $1,205,002.50. The disclosure for this sale can be found here. Insiders sold a total of 23,814 shares of company stock valued at $122,510 over the last three months. 15.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Airgain

A hedge fund recently raised its stake in Airgain stock. Perkins Capital Management Inc. raised its holdings in Airgain, Inc. (NASDAQ:AIRG) by 2,350.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 379,820 shares of the technology company’s stock after acquiring an additional 364,320 shares during the quarter. Airgain accounts for about 1.2% of Perkins Capital Management Inc.’s holdings, making the stock its 26th biggest position. Perkins Capital Management Inc. owned about 3.64% of Airgain worth $1,352,000 as of its most recent filing with the SEC. 52.76% of the stock is owned by institutional investors and hedge funds.

About Airgain

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.