James Sims Acquires 8,269 Shares of Airgain (NASDAQ:AIRG) Stock

Airgain, Inc. (NASDAQ:AIRG) Director James Sims bought 8,269 shares of the stock in a transaction dated Tuesday, September 1st. The shares were purchased at an average price of $5.11 per share, with a total value of $42,254.59. Following the completion of the transaction, the director directly owned 457,733 shares in the company, valued at approximately $2,339,015.63. The trade was a 1.84% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Airgain Stock Performance

AIRG stock opened at $5.25 on Friday. The firm has a fifty day moving average price of $5.70 and a 200 day moving average price of $5.86. Airgain, Inc. has a fifty-two week low of $3.00 and a fifty-two week high of $7.66. The firm has a market cap of $68.78 million, a PE ratio of -9.37 and a beta of 0.93.

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

Institutional Investors Weigh In On Airgain

Several hedge funds and other institutional investors have recently made changes to their positions in AIRG. Renaissance Technologies LLC boosted its stake in shares of Airgain by 4.6% during the 1st quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock worth $1,850,000 after purchasing an additional 14,700 shares during the period. Nano Cap New Millennium Growth Fund L P purchased a new stake in Airgain in the 4th quarter worth about $934,000. BlackRock Inc. purchased a new stake in Airgain in the 2nd quarter worth about $1,355,000. Whitcomb & Hess Inc. lifted its stake in Airgain by 36.0% in the second quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company’s stock worth $357,000 after purchasing an additional 15,022 shares during the last quarter. Finally, Citadel Advisors LLC lifted its stake in 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 purchasing an additional 43,214 shares during the last quarter. Hedge funds and other institutional investors own 52.76% of the company’s stock.

Analysts Set New Price Targets

AIRG has been the subject of a number of analyst reports. Craig Hallum reaffirmed a “buy” rating and issued a $9.00 price target on shares of Airgain in a report 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 price objective on Airgain in a research report on Thursday, May 7th. Wall Street Zen downgraded Airgain from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Finally, Roth Capital reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Airgain in a research note on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.70.

Airgain Company Profile

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.