Airgain, Inc. (NASDAQ:AIRG) Receives $7.70 Consensus PT from Brokerages

Airgain, Inc. (NASDAQ:AIRG) has been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $7.70.

AIRG has been the subject of a number of research reports. Northland Securities set a $8.50 price objective on Airgain in a research report on Thursday, May 7th. Roth Mkm reiterated a “buy” rating and set a $9.00 price objective on shares of Airgain in a research report on Thursday, May 7th. Wall Street Zen cut Airgain from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings cut Airgain from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. Finally, Craig Hallum reiterated a “buy” rating and set a $9.00 price objective on shares of Airgain in a research report on Thursday, May 7th.

Airgain Trading Up 1.9%

Shares of NASDAQ:AIRG opened at $7.10 on Tuesday. The stock has a fifty day simple moving average of $6.36 and a two-hundred day simple moving average of $5.01. The stock has a market capitalization of $90.00 million, a price-to-earnings ratio of -12.91 and a beta of 0.90. Airgain has a 12-month low of $3.00 and a 12-month high of $7.39.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). Airgain had a negative return on equity of 15.42% and a negative net margin of 13.22%.The business had revenue of $11.51 million during the quarter, compared to analysts’ expectations of $11.48 million. Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. As a group, equities research analysts predict that Airgain will post -0.22 EPS for the current year.

Insider Buying and Selling at Airgain

In other Airgain news, CTO Ali Sadri sold 13,638 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $4.12, for a total transaction of $56,188.56. Following the completion of the sale, the chief technology officer owned 126,263 shares of the company’s stock, valued at approximately $520,203.56. The trade was a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jacob Suen sold 4,573 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $6.51, for a total value of $29,770.23. Following the sale, the chief executive officer directly owned 281,431 shares of the company’s stock, valued at $1,832,115.81. This represents a 1.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 83,500 shares of company stock valued at $377,585. Company insiders own 17.80% of the company’s stock.

Institutional Trading of Airgain

Several hedge funds have recently bought and sold shares of AIRG. XTX Topco Ltd bought a new position in shares of Airgain in the fourth quarter worth about $44,000. Susquehanna International Group LLP bought a new position in shares of Airgain in the third quarter worth about $91,000. Citadel Advisors LLC boosted its stake in shares of Airgain by 270.1% in the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after acquiring an additional 43,214 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Airgain in the fourth quarter worth about $934,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Airgain by 4.6% in the first quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock worth $1,850,000 after acquiring an additional 14,700 shares during the period. Institutional investors own 52.76% of the company’s stock.

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.