Wunderlich Downgrades Airgain Inc (AIRG) to Hold
Airgain Inc (NASDAQ:AIRG) was downgraded by investment analysts at Wunderlich from a “buy” rating to a “hold” rating in a research note issued on Wednesday. They currently have a $14.00 price objective on the stock. Wunderlich’s target price would suggest a potential downside of 9.74% from the company’s previous close.
The analysts wrote, “Kevin Can Wait” And “The Good Place””We expect similar applications to drive the current quarter, but with sequential volume decline associated with summer seasonality and IPO expenses burdening G&A,” analyst Matthew Robison wrote in a note.”Longer-term, we expect Airgain to grow revenue faster than peers and expenses and achieve this growth with higher gross margins than many in the broader peer group. We model 3–5 year income grow that 28 percent with present value implication defining our target,”
Separately, Northland Securities began coverage on shares of Airgain in a report on Tuesday, September 6th. They set an “outperform” rating and a $15.00 price objective for the company.
Shares of Airgain (NASDAQ:AIRG) opened at 15.51 on Wednesday. The stock’s 50 day moving average is $12.92 and its 200 day moving average is $12.92. The stock’s market cap is $112.25 million. Airgain has a 52-week low of $9.76 and a 52-week high of $16.91.
Airgain (NASDAQ:AIRG) last released its quarterly earnings data on Tuesday, September 20th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.16. The company had revenue of $9.86 million for the quarter. Airgain’s revenue was up 62.7% compared to the same quarter last year. Equities research analysts forecast that Airgain will post $0.31 earnings per share for the current year.
Airgain Company Profile
Airgain, Inc is a provider of embedded antenna technologies used to enable high performance wireless networking. The Company’s operations are located primarily in the United States, and most of its assets are located in San Diego, California. It operates through a segment related to the sale of antenna products.
Receive News & Ratings for Airgain Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airgain Inc and related companies with MarketBeat.com's FREE daily email newsletter.