Airgain (NASDAQ:AIRG) Upgraded at StockNews.com

StockNews.com upgraded shares of Airgain (NASDAQ:AIRG) from a hold rating to a buy rating in a research report released on Saturday morning.

Separately, Craig Hallum decreased their price objective on Airgain from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, February 28th.

Airgain Price Performance

NASDAQ:AIRG opened at $3.37 on Friday. The company has a market capitalization of $38.95 million, a price-to-earnings ratio of -2.96 and a beta of 0.67. The business has a 50 day moving average of $5.96 and a 200 day moving average of $7.45. Airgain has a 1-year low of $3.37 and a 1-year high of $10.34.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings data on Thursday, February 27th. The technology company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The business had revenue of $15.08 million during the quarter, compared to the consensus estimate of $16.35 million. Airgain had a negative return on equity of 29.90% and a negative net margin of 21.96%. As a group, sell-side analysts anticipate that Airgain will post -0.53 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jacob Suen sold 6,982 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $4.16, for a total transaction of $29,045.12. Following the completion of the transaction, the chief executive officer now owns 305,546 shares in the company, valued at $1,271,071.36. This represents a 2.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 19,195 shares of company stock valued at $88,255 over the last three months. 16.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its stake in Airgain by 0.5% in the fourth quarter. Ameriprise Financial Inc. now owns 677,584 shares of the technology company’s stock worth $4,784,000 after buying an additional 3,283 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Airgain in the 4th quarter worth approximately $192,000. Northern Trust Corp lifted its stake in shares of Airgain by 69.4% in the 4th quarter. Northern Trust Corp now owns 64,861 shares of the technology company’s stock valued at $458,000 after purchasing an additional 26,573 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Airgain by 12.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 105,954 shares of the technology company’s stock valued at $748,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Airgain in the fourth quarter worth $75,000. 52.76% of the stock is currently owned by institutional investors.

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.