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

Shares of Airgain, Inc. (NASDAQ:AIRG) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $7.70.

A number of brokerages recently issued reports on AIRG. Wall Street Zen downgraded Airgain from a “buy” rating to a “hold” rating in a report on Saturday, May 23rd. Northland Securities set a $8.50 price target on Airgain in a report on Thursday, May 7th. Weiss Ratings downgraded Airgain from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 18th. Craig Hallum reaffirmed a “buy” rating and issued a $9.00 price target on shares of Airgain in a report on Thursday, May 7th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $9.00 price target on shares of Airgain in a report on Thursday, May 7th.

Insider Buying and Selling

In related news, CEO Jacob Suen sold 4,573 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $6.51, for a total value of $29,770.23. Following the completion of the sale, the chief executive officer owned 281,431 shares in the company, valued at $1,832,115.81. This represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Elbaz sold 3,787 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $6.77, for a total transaction of $25,637.99. Following the completion of the sale, the chief financial officer owned 135,506 shares of the company’s stock, valued at approximately $917,375.62. This trade represents a 2.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 15,847 shares of company stock valued at $101,577. 17.50% of the stock is owned by company insiders.

Institutional Trading of Airgain

Several institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC raised 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 purchasing an additional 14,700 shares during the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new stake in Airgain in the 4th quarter valued at $934,000. Citadel Advisors LLC raised its position in Airgain by 270.1% in the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after purchasing an additional 43,214 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in Airgain in the 3rd quarter valued at $91,000. Finally, XTX Topco Ltd purchased a new stake in Airgain in the 4th quarter valued at $44,000. Hedge funds and other institutional investors own 52.76% of the company’s stock.

Airgain Price Performance

Shares of AIRG opened at $6.78 on Friday. The stock has a 50 day moving average price of $6.79 and a 200 day moving average price of $5.29. The company has a market capitalization of $85.94 million, a price-to-earnings ratio of -12.33 and a beta of 0.88. Airgain has a 52-week low of $3.00 and a 52-week high of $7.66.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). The firm had revenue of $11.51 million during the quarter, compared to the consensus estimate of $11.48 million. Airgain had a negative return on equity of 15.42% and a negative net margin of 13.22%.Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. On average, equities analysts anticipate that Airgain will post -0.22 EPS for the current fiscal year.

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.