Airgain, Inc. (NASDAQ:AIRG) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Airgain, Inc. (NASDAQ:AIRG) have earned an average recommendation of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $7.70.

AIRG has been the subject of a number of research analyst reports. Wall Street Zen lowered Airgain from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings raised Airgain from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 23rd.

Airgain Price Performance

AIRG stock opened at $5.28 on Thursday. Airgain has a 52-week low of $3.00 and a 52-week high of $7.66. The company’s 50 day simple moving average is $5.62 and its 200-day simple moving average is $5.86. The firm has a market capitalization of $69.17 million, a P/E ratio of -9.43 and a beta of 0.93.

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 during the quarter, compared to the consensus estimate of $13.45 million. Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. Sell-side analysts predict that Airgain will post -0.19 EPS for the current fiscal year.

Insider Activity

In related news, Director James K. Sims purchased 8,269 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was acquired at an average cost of $5.11 per share, for a total transaction of $42,254.59. Following the completion of the acquisition, the director owned 457,733 shares in the company, valued at $2,339,015.63. This trade represents a 1.84% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Airgain

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIRG. AXQ Capital LP purchased a new stake in shares of Airgain during the second quarter worth $79,000. Bank of America Corp DE purchased a new position in Airgain in the second quarter valued at about $77,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Airgain in the second quarter valued at about $74,000. BlackRock Inc. acquired a new position in Airgain in the 2nd quarter worth about $1,355,000. Finally, Whitcomb & Hess Inc. raised its stake in shares of Airgain by 36.0% during the 2nd quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company’s stock worth $357,000 after purchasing an additional 15,022 shares in the last quarter. Hedge funds and other institutional investors own 52.76% of the company’s stock.

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.