James Sims Buys 6,731 Shares of Airgain (NASDAQ:AIRG) Stock

Airgain, Inc. (NASDAQ:AIRG) Director James Sims purchased 6,731 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were purchased at an average cost of $5.31 per share, with a total value of $35,741.61. Following the acquisition, the director owned 449,464 shares in the company, valued at $2,386,653.84. This trade represents a 1.52% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Airgain Trading Up 4.6%

NASDAQ AIRG opened at $5.25 on Friday. The firm’s 50 day simple moving average is $5.70 and its 200 day simple moving average is $5.86. The firm has a market capitalization of $68.78 million, a price-to-earnings ratio of -9.37 and a beta of 0.93. Airgain, Inc. has a 1 year low of $3.00 and a 1 year high of $7.66.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.02 EPS for the quarter. Airgain had a negative net margin of 13.65% and a negative return on equity of 13.72%. The business had revenue of $13.70 million during the quarter, compared to the consensus estimate of $13.45 million. Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. On average, equities research analysts forecast that Airgain, Inc. will post -0.19 earnings per share for the current year.

Institutional Investors Weigh In On Airgain

Hedge funds and other institutional investors have recently bought and sold shares of the company. AXQ Capital LP bought a new position in Airgain in the second quarter valued at about $79,000. Bank of America Corp DE acquired a new stake in shares of Airgain during the second quarter valued at about $77,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Airgain during the second quarter worth about $74,000. BlackRock Inc. bought a new stake in shares of Airgain during the second quarter worth about $1,355,000. Finally, Whitcomb & Hess Inc. increased its stake in shares of Airgain by 36.0% in the second quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company’s stock valued at $357,000 after buying an additional 15,022 shares during the period. Institutional investors own 52.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AIRG. Craig Hallum reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Airgain in a research note on Thursday, May 7th. Weiss Ratings raised Airgain from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 23rd. Northland Securities set a $8.50 target price on Airgain in a research note on Thursday, May 7th. Roth Capital reissued a “buy” rating and issued a $9.00 target price on shares of Airgain in a report on Thursday, May 7th. Finally, Wall Street Zen downgraded shares of Airgain from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.70.

About Airgain

Airgain, Inc (NASDAQ: AIRG) is a provider of intelligent wireless connectivity solutions designed to enhance data transmission, network performance and antenna efficiency for a range of devices. Headquartered in San Diego, California, the company develops both embedded and external antenna systems, as well as associated connectivity software, to support wireless applications across cellular, Wi-Fi, machine-to-machine (M2M) and Internet of Things (IoT) markets.

The company’s product portfolio includes modular smart antennas, parallel path phase-diversity antennas and advanced array antenna solutions that are optimized for environments such as smart homes, industrial automation, transportation and enterprise networking.