Airgain, Inc. (NASDAQ:AIRG) was up 7.3% on Wednesday . The stock traded as high as $20.24 and last traded at $20.11. Approximately 154,227 shares changed hands during mid-day trading, an increase of 46% from the average daily volume of 105,991 shares. The stock had previously closed at $18.75.

Several equities analysts recently weighed in on AIRG shares. Zacks Investment Research raised shares of Airgain from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Tuesday. Roth Capital lifted their target price on shares of Airgain from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, January 8th. B. Riley lifted their target price on shares of Airgain from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, January 8th. Finally, ValuEngine cut shares of Airgain from a “buy” rating to a “hold” rating in a research report on Tuesday, December 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $20.75.

The company’s 50-day simple moving average is $15.34 and its 200 day simple moving average is $13.53. The stock has a market cap of $196.43 million, a P/E ratio of -91.41 and a beta of 1.31.

Airgain (NASDAQ:AIRG) last issued its quarterly earnings results on Thursday, November 5th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.08. Airgain had a negative net margin of 4.39% and a negative return on equity of 4.50%. The company had revenue of $13.01 million during the quarter, compared to analyst estimates of $12.78 million. On average, research analysts predict that Airgain, Inc. will post -0.28 EPS for the current year.

Several hedge funds have recently modified their holdings of the company. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Airgain during the 3rd quarter worth approximately $286,000. Morgan Stanley grew its stake in Airgain by 65.7% in the 3rd quarter. Morgan Stanley now owns 51,749 shares of the technology company’s stock valued at $690,000 after buying an additional 20,512 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Airgain by 196.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 63,312 shares of the technology company’s stock valued at $845,000 after buying an additional 41,947 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in Airgain in the 3rd quarter valued at approximately $195,000. Finally, Essex Investment Management Co. LLC purchased a new position in Airgain in the 3rd quarter valued at approximately $1,429,000. Institutional investors own 47.60% of the company’s stock.

Airgain Company Profile (NASDAQ:AIRG)

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. The company's 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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