Airgain Inc (AIRG) Given Consensus Rating of “Buy” by Brokerages
Airgain Inc (NASDAQ:AIRG) has earned an average rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $16.10.
AIRG has been the subject of several analyst reports. B. Riley reaffirmed a “buy” rating and set a $12.50 price target on shares of Airgain in a research note on Friday, September 8th. Northland Securities reaffirmed a “buy” rating and set a $15.00 price target on shares of Airgain in a research note on Friday, November 10th. Finally, Zacks Investment Research raised shares of Airgain from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Manatuck Hill Partners LLC raised its stake in Airgain by 4.0% during the second quarter. Manatuck Hill Partners LLC now owns 312,000 shares of the technology company’s stock worth $4,424,000 after buying an additional 12,000 shares during the last quarter. Commonwealth Equity Services Inc bought a new position in Airgain during the third quarter worth $118,000. Menta Capital LLC bought a new position in Airgain during the second quarter worth $251,000. Worth Venture Partners LLC raised its stake in Airgain by 56.8% during the second quarter. Worth Venture Partners LLC now owns 62,534 shares of the technology company’s stock worth $887,000 after buying an additional 22,653 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Airgain by 14.7% during the second quarter. Vanguard Group Inc. now owns 253,971 shares of the technology company’s stock worth $3,601,000 after buying an additional 32,587 shares during the last quarter. 24.50% of the stock is owned by institutional investors and hedge funds.
Airgain (NASDAQ AIRG) opened at $9.52 on Thursday. The stock has a market cap of $90.90, a price-to-earnings ratio of 33.89 and a beta of 1.77. Airgain has a 52 week low of $7.31 and a 52 week high of $18.20. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.95 and a current ratio of 5.02.
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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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