Brokerages Set Airgain Inc (NASDAQ:AIRG) PT at $17.67
Airgain Inc (NASDAQ:AIRG) has been given an average rating of “Buy” by the six brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $17.67.
Several research firms have recently weighed in on AIRG. ValuEngine raised shares of Airgain from a “hold” rating to a “buy” rating in a research note on Tuesday. Cowen restated an “outperform” rating and issued a $14.00 price objective (down from $16.00) on shares of Airgain in a report on Friday, August 9th. Finally, Zacks Investment Research lowered shares of Airgain from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st.
In other Airgain news, CEO James K. Sims sold 22,464 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $14.20, for a total transaction of $318,988.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.40% of the stock is owned by corporate insiders.
Shares of Airgain stock traded down $0.31 on Monday, hitting $12.26. 85,826 shares of the company traded hands, compared to its average volume of 104,910. The stock’s 50 day moving average price is $11.79 and its 200-day moving average price is $13.46. Airgain has a 52 week low of $8.81 and a 52 week high of $17.25. The company has a market cap of $124.24 million, a PE ratio of -45.41 and a beta of 1.99.
Airgain (NASDAQ:AIRG) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.11. The firm had revenue of $14.50 million during the quarter, compared to the consensus estimate of $14.30 million. Airgain had a net margin of 4.38% and a return on equity of 5.94%. The company’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 earnings per share. On average, analysts forecast that Airgain will post 0.04 EPS for the current fiscal year.
Airgain Company Profile
Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, service providers, and value added resellers and distributors 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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