Airgain (NASDAQ:AIRG) Research Coverage Started at Lake Street Capital

Lake Street Capital initiated coverage on shares of Airgain (NASDAQ:AIRG) in a research note released on Wednesday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $6.00 price objective on the technology company’s stock.

AIRG has been the subject of several other reports. Northland Securities decreased their target price on shares of Airgain from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Monday, November 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Airgain in a report on Wednesday, October 8th. Finally, Craig Hallum lowered their target price on shares of Airgain from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.20.

Airgain Price Performance

Shares of NASDAQ AIRG opened at $4.55 on Wednesday. Airgain has a one year low of $3.00 and a one year high of $8.46. The business’s 50-day moving average price is $4.07 and its two-hundred day moving average price is $4.22. The company has a market capitalization of $54.42 million, a P/E ratio of -9.10 and a beta of 0.87.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $14.02 million during the quarter, compared to analyst estimates of $14.13 million. Airgain had a negative return on equity of 16.03% and a negative net margin of 10.87%.Airgain has set its Q4 2025 guidance at 0.000-0.000 EPS. On average, equities analysts anticipate that Airgain will post -0.53 EPS for the current year.

Insider Activity at Airgain

In related news, CEO Jacob Suen sold 15,993 shares of the business’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $4.00, for a total transaction of $63,972.00. Following the completion of the transaction, the chief executive officer owned 293,635 shares of the company’s stock, valued at approximately $1,174,540. The trade was a 5.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 33,179 shares of company stock valued at $132,637 in the last 90 days. Insiders own 17.80% of the company’s stock.

Institutional Trading of Airgain

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIRG. Citadel Advisors LLC lifted its holdings in shares of Airgain by 270.1% during the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after buying an additional 43,214 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Airgain in the third quarter worth $91,000. Marathon Capital Management bought a new position in Airgain during the second quarter worth $42,000. Finally, Farther Finance Advisors LLC increased its position in Airgain by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock worth $167,000 after acquiring an additional 7,500 shares during the period. Institutional investors and hedge funds own 52.76% of the company’s stock.

About Airgain

Airgain, Inc (NASDAQ: AIRG) is a provider of intelligent wireless connectivity solutions designed to enhance data transmission, network performance and antenna efficiency for a range of devices. Headquartered in San Diego, California, the company develops both embedded and external antenna systems, as well as associated connectivity software, to support wireless applications across cellular, Wi-Fi, machine-to-machine (M2M) and Internet of Things (IoT) markets.

The company’s product portfolio includes modular smart antennas, parallel path phase-diversity antennas and advanced array antenna solutions that are optimized for environments such as smart homes, industrial automation, transportation and enterprise networking.