Airgain (AIRG) Upgraded to “C” by TheStreet
Airgain (NASDAQ:AIRG) was upgraded by research analysts at TheStreet from a “d+” rating to a “c” rating in a research report issued to clients and investors on Monday.
AIRG has been the topic of a number of other reports. ValuEngine upgraded shares of Airgain from a “sell” rating to a “hold” rating in a report on Monday, July 2nd. William Blair began coverage on shares of Airgain in a report on Friday, August 10th. They set an “outperform” rating on the stock. Finally, B. Riley upgraded shares of Airgain from a “neutral” rating to a “buy” rating and increased their target price for the stock from $8.50 to $13.00 in a report on Friday, August 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $12.67.
Airgain stock opened at $12.73 on Monday. The company has a market cap of $127.51 million, a price-to-earnings ratio of 115.73 and a beta of 2.28. Airgain has a 52-week low of $7.31 and a 52-week high of $12.98.
Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC acquired a new stake in shares of Airgain in the 4th quarter valued at $102,000. Manatuck Hill Partners LLC acquired a new stake in shares of Airgain in the 2nd quarter valued at $116,000. Dimensional Fund Advisors LP acquired a new stake in shares of Airgain in the 2nd quarter valued at $138,000. UBS Group AG raised its holdings in shares of Airgain by 144.6% in the 1st quarter. UBS Group AG now owns 25,143 shares of the technology company’s stock valued at $195,000 after purchasing an additional 81,464 shares in the last quarter. Finally, Northpointe Capital LLC acquired a new stake in shares of Airgain in the 2nd quarter valued at $565,000. Institutional investors and hedge funds own 29.77% of the company’s stock.
Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, and service providers worldwide. Its products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; omnimax high performance external antennas; MaxBeam carrier class antennas; and SmartMax embedded antennas, as well as automotive, fleet, public safety, and M2M antennas.
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