Airgain, Inc. (NASDAQ:AIRG) Stock Has Average Target Price of $7.70

Airgain, Inc. (NASDAQ:AIRG) has been given an average recommendation of “Moderate Buy” by the five analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $7.70.

Separately, Weiss Ratings upgraded Airgain from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 23rd.

Insider Activity

In other Airgain news, Director James K. Sims bought 8,269 shares of Airgain stock in a transaction dated Tuesday, September 1st. The shares were bought at an average price of $5.11 per share, with a total value of $42,254.59. Following the purchase, the director owned 457,733 shares of the company’s stock, valued at $2,339,015.63. This trade represents a 1.84% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 17.50% of the company’s stock.

Institutional Investors Weigh In On Airgain

A number of institutional investors and hedge funds have recently modified their holdings of AIRG. Connor Clark & Lunn Investment Management Ltd. bought a new position in Airgain in the second quarter valued at approximately $74,000. Bank of America Corp DE bought a new stake in shares of Airgain during the 2nd quarter valued at $77,000. AXQ Capital LP bought a new stake in shares of Airgain during the 2nd quarter valued at $79,000. Whitcomb & Hess Inc. lifted its stake 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 purchasing an additional 15,022 shares during the period. Finally, BlackRock Inc. acquired a new position in shares of Airgain in the 2nd quarter valued at $1,355,000. 52.76% of the stock is owned by institutional investors.

Airgain Stock Performance

Shares of AIRG opened at $4.61 on Monday. The business’s fifty day moving average price is $5.33 and its two-hundred day moving average price is $5.96. The firm has a market capitalization of $60.39 million, a price-to-earnings ratio of -8.23 and a beta of 0.91. Airgain has a 52 week low of $3.00 and a 52 week high of $7.66.

Airgain (NASDAQ:AIRG) last released its earnings results on Wednesday, August 5th. The technology company reported $0.02 earnings per share for the quarter. Airgain had a negative return on equity of 13.72% and a negative net margin of 13.65%.The company 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. As a group, research analysts forecast that Airgain will post -0.19 EPS for the current year.

Airgain Company Profile

Airgain, Inc (NASDAQ: AIRG) develops wireless connectivity solutions that help devices and systems communicate reliably over cellular, Wi-Fi and other wireless networks. Its products are designed for applications across the automotive, broadband, enterprise, industrial and Internet of Things markets.

The company offers embedded and external antenna systems, radio-frequency components, routers and other connectivity hardware. Its solutions support technologies such as 4G LTE, 5G, Wi-Fi, GNSS and vehicle-to-everything communications, and are used in products including connected vehicles, fleet equipment, fixed wireless access systems, industrial devices and networking equipment.

Airgain also provides engineering, product-development, testing and certification services to help customers integrate wireless connectivity into their products.