Airgain, Inc. (AIRG) Receives $17.60 Consensus PT from Analysts
Airgain, Inc. (NASDAQ:AIRG) has been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $17.60.
A number of brokerages recently commented on AIRG. B. Riley reiterated a “buy” rating and set a $17.00 target price on shares of Airgain in a research note on Wednesday, August 9th. Cowen and Company reiterated a “buy” rating and set a $19.00 target price on shares of Airgain in a research note on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of Airgain from a “hold” rating to a “sell” rating in a research note on Tuesday.
In related news, Director Francis X. Egan acquired 10,276 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was bought at an average price of $8.99 per share, for a total transaction of $92,381.24. Following the completion of the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $449,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 23.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIRG. Blair William & Co. IL boosted its stake in Airgain by 1,138.9% in the second quarter. Blair William & Co. IL now owns 259,292 shares of the technology company’s stock valued at $3,677,000 after acquiring an additional 238,362 shares in the last quarter. Royce & Associates LP boosted its stake in Airgain by 60.9% in the first quarter. Royce & Associates LP now owns 445,023 shares of the technology company’s stock valued at $6,747,000 after acquiring an additional 168,500 shares in the last quarter. Soros Fund Management LLC boosted its stake in Airgain by 90.0% in the first quarter. Soros Fund Management LLC now owns 316,666 shares of the technology company’s stock valued at $4,801,000 after acquiring an additional 150,000 shares in the last quarter. Underhill Investment Management LLC boosted its stake in Airgain by 64.0% in the second quarter. Underhill Investment Management LLC now owns 207,000 shares of the technology company’s stock valued at $2,935,000 after acquiring an additional 80,750 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Airgain by 90.5% in the first quarter. Bank of New York Mellon Corp now owns 146,570 shares of the technology company’s stock valued at $2,222,000 after acquiring an additional 69,624 shares in the last quarter. Institutional investors own 35.63% of the company’s stock.
Shares of Airgain (AIRG) traded down 0.74% during mid-day trading on Tuesday, reaching $9.33. The company’s stock had a trading volume of 240,052 shares. Airgain has a one year low of $8.72 and a one year high of $29.30. The stock has a market cap of $89.05 million and a P/E ratio of 36.59. The stock has a 50 day moving average of $9.12 and a 200-day moving average of $11.25.
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Airgain Company Profile
Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.
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