Airgain (NASDAQ:AIRG) Director James Sims Buys 6,731 Shares

Airgain, Inc. (NASDAQ:AIRG) Director James Sims acquired 6,731 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were purchased at an average price of $5.31 per share, with a total value of $35,741.61. Following the completion of the transaction, the director owned 449,464 shares of the company’s stock, valued at $2,386,653.84. This trade represents a 1.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Airgain Price Performance

Shares of NASDAQ AIRG opened at $5.02 on Thursday. The company has a market capitalization of $65.76 million, a PE ratio of -8.96 and a beta of 0.93. Airgain, Inc. has a twelve month low of $3.00 and a twelve month high of $7.66. The firm has a fifty day simple moving average of $5.72 and a 200 day simple moving average of $5.86.

Airgain (NASDAQ:AIRG) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.02 EPS for the quarter. Airgain had a negative net margin of 13.65% and a negative return on equity of 13.72%. The business had revenue of $13.70 million for the quarter, compared to analysts’ expectations of $13.45 million. Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. As a group, equities analysts expect that Airgain, Inc. will post -0.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen lowered Airgain from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Craig Hallum reiterated a “buy” rating and issued a $9.00 target price on shares of Airgain in a report on Thursday, May 7th. Northland Securities set a $8.50 price target on Airgain in a research note on Thursday, May 7th. Roth Capital restated a “buy” rating and set a $9.00 price target on shares of Airgain in a report on Thursday, May 7th. Finally, Weiss Ratings raised shares of Airgain from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $7.70.

Hedge Funds Weigh In On Airgain

A number of institutional investors and hedge funds have recently made changes to their positions in AIRG. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Airgain in the 4th quarter valued at about $934,000. Renaissance Technologies LLC increased its position in Airgain by 4.6% in the 1st quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock valued at $1,850,000 after buying an additional 14,700 shares in the last quarter. Citadel Advisors LLC raised its stake in Airgain by 270.1% during the 3rd 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 period. Susquehanna International Group LLP acquired a new position in Airgain during the 3rd quarter worth approximately $91,000. Finally, XTX Topco Ltd bought a new position in Airgain in the fourth quarter worth approximately $44,000. Institutional investors 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.