Airgain, Inc. (AIRG) Receives “Buy” Rating from Northland Securities
Northland Securities reissued their buy rating on shares of Airgain, Inc. (NASDAQ:AIRG) in a report released on Friday morning. Northland Securities currently has a $15.00 price objective on the technology company’s stock.
Several other brokerages have also commented on AIRG. Zacks Investment Research lowered shares of Airgain from a hold rating to a sell rating in a research note on Tuesday, September 12th. B. Riley cut their price target on shares of Airgain from $12.50 to $10.00 and set a buy rating on the stock in a research note on Friday. Finally, Cowen and Company reiterated a buy rating and set a $19.00 price target on shares of Airgain in a research note on Thursday, August 10th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $16.10.
Shares of Airgain (NASDAQ AIRG) opened at $8.77 on Friday. Airgain has a fifty-two week low of $7.31 and a fifty-two week high of $29.30. The firm has a market cap of $80.87, a price-to-earnings ratio of 30.32 and a beta of 1.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.07 and a quick ratio of 5.00.
In related news, Director Francis X. Egan purchased 10,276 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were purchased at an average cost of $8.99 per share, for a total transaction of $92,381.24. Following the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at $449,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.40% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in AIRG. Cortina Asset Management LLC acquired a new stake in Airgain during the 3rd quarter worth $3,317,000. Blair William & Co. IL grew its position in Airgain by 1,138.9% during the 2nd quarter. Blair William & Co. IL now owns 259,292 shares of the technology company’s stock worth $3,677,000 after purchasing an additional 238,362 shares during the last quarter. Skylands Capital LLC purchased a new position in Airgain during the 3rd quarter worth $1,854,000. Rice Hall James & Associates LLC purchased a new position in Airgain during the 3rd quarter worth $1,351,000. Finally, Underhill Investment Management LLC grew its position in Airgain by 64.0% during the 2nd quarter. Underhill Investment Management LLC now owns 207,000 shares of the technology company’s stock worth $2,935,000 after purchasing an additional 80,750 shares during the last quarter. Hedge funds and other institutional investors own 32.21% of the company’s stock.
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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