Airgain (NASDAQ:AIRG) Stock Price Down 1.3% – What’s Next?

Airgain, Inc. (NASDAQ:AIRG) fell 1.3% during mid-day trading on Monday . The stock traded as low as $5.86 and last traded at $5.93. 64,448 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 66,455 shares. The stock had previously closed at $6.01.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Northland Securities set a $8.50 price target on shares of Airgain in a report on Thursday, May 7th. Craig Hallum restated a “buy” rating and set a $9.00 target price on shares of Airgain in a report on Thursday, May 7th. Weiss Ratings downgraded Airgain from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 18th. Wall Street Zen downgraded shares of Airgain from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Finally, Roth Capital reiterated a “buy” rating and issued a $9.00 price objective on shares of Airgain in a research report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Airgain presently has an average rating of “Moderate Buy” and an average price target of $7.70.

Airgain Price Performance

The business has a fifty day moving average price of $6.69 and a two-hundred day moving average price of $5.56. The firm has a market cap of $77.60 million, a PE ratio of -11.13 and a beta of 0.89.

Airgain (NASDAQ:AIRG) last posted its earnings results on Wednesday, May 6th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). The business had revenue of $11.51 million for the quarter, compared to analyst estimates of $11.47 million. Airgain had a negative net margin of 13.22% and a negative return on equity of 15.42%. Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. As a group, sell-side analysts forecast that Airgain, Inc. will post -0.22 EPS for the current fiscal year.

Insider Activity at Airgain

In other Airgain news, CEO Jacob Suen sold 4,573 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $6.51, for a total transaction of $29,770.23. Following the completion of the transaction, the chief executive officer 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael Elbaz sold 3,787 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $6.77, for a total value of $25,637.99. Following the sale, the chief financial officer owned 135,506 shares in the company, valued at approximately $917,375.62. This represents a 2.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 12,847 shares of company stock valued at $86,067 in the last quarter. Corporate insiders own 17.50% of the company’s stock.

Institutional Trading of Airgain

A number of large investors have recently modified their holdings of AIRG. XTX Topco Ltd purchased a new stake in Airgain during the 4th quarter valued at $44,000. Susquehanna International Group LLP bought a new position in shares of Airgain during the 3rd quarter valued at approximately $91,000. Citadel Advisors LLC raised its position in Airgain by 270.1% during the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after purchasing an additional 43,214 shares in the last quarter. Whitcomb & Hess Inc. increased its holdings in shares of Airgain by 36.0% in the 2nd quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company’s stock valued at $357,000 after acquiring an additional 15,022 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in Airgain during the 4th quarter worth $934,000. 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.