Airgain (NASDAQ:AIRG) Stock Rating Upgraded by Wall Street Zen

Airgain (NASDAQ:AIRG) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a report issued on Saturday.

A number of other analysts have also issued reports on the company. Royal Bank Of Canada set a $6.00 price target on Airgain in a report on Wednesday, January 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Airgain in a report on Wednesday, January 21st. Finally, Lake Street Capital began coverage on Airgain in a research report on Wednesday, January 21st. They set a “buy” rating and a $6.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $6.20.

Airgain Stock Performance

NASDAQ AIRG opened at $5.33 on Friday. The stock has a market cap of $65.13 million, a PE ratio of -10.06 and a beta of 0.93. Airgain has a 12 month low of $3.00 and a 12 month high of $5.85. The company’s 50-day moving average price is $4.64 and its 200-day moving average price is $4.28.

Insider Buying and Selling at Airgain

In other Airgain news, CFO Michael Elbaz sold 12,769 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $4.12, for a total transaction of $52,608.28. Following the completion of the sale, the chief financial officer directly owned 140,780 shares of the company’s stock, valued at approximately $580,013.60. This represents a 8.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CTO Ali Sadri sold 13,638 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $4.12, for a total transaction of $56,188.56. Following the completion of the sale, the chief technology officer owned 126,263 shares in the company, valued at $520,203.56. This represents a 9.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 106,966 shares of company stock valued at $449,936. 17.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Airgain

Institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC increased its position 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 purchasing an additional 43,214 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Airgain during the 3rd quarter valued at $91,000. XTX Topco Ltd acquired a new stake in shares of Airgain in the 4th quarter worth $44,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Airgain in the 4th quarter worth $934,000. Finally, Farther Finance Advisors LLC grew its stake in Airgain by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock worth $167,000 after buying an additional 7,500 shares during the last quarter. 52.76% of the stock is currently owned by institutional investors and hedge funds.

Airgain Company Profile

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.