Zacks Investment Research upgraded shares of Airgain (NASDAQ:AIRG) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning.
According to Zacks, “Airgain, Inc. is a provider of embedded antenna technologies. It offers antennas for the devices which are deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways, media adapters and digital televisions. The company also offers residential wireless local area network or wireless fidelity to carriers, original equipment manufacturers, original design manufacturers and system designers. Airgain, Inc. is based in San Diego, United States. “
A number of other equities analysts also recently weighed in on AIRG. B. Riley restated a buy rating and issued a $12.50 target price on shares of Airgain in a research note on Wednesday, September 13th. Northland Securities restated a buy rating and issued a $15.00 target price on shares of Airgain in a research note on Friday, November 10th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $16.10.
Airgain (NASDAQ AIRG) opened at $9.35 on Monday. Airgain has a 12 month low of $7.31 and a 12 month high of $18.20. The firm has a market capitalization of $89.56 and a P/E ratio of 55.00. The company has a quick ratio of 4.95, a current ratio of 5.02 and a debt-to-equity ratio of 0.01.
In related news, Director Arthur M. Toscanini sold 8,023 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $9.34, for a total value of $74,934.82. Following the transaction, the director now owns 71,587 shares in the company, valued at $668,622.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 23.40% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Hood River Capital Management LLC lifted its stake in Airgain by 16.4% in the second quarter. Hood River Capital Management LLC now owns 414,879 shares of the technology company’s stock valued at $5,883,000 after purchasing an additional 58,444 shares during the last quarter. Cortina Asset Management LLC purchased a new position in Airgain in the third quarter valued at approximately $3,317,000. Manatuck Hill Partners LLC lifted its stake in Airgain by 4.0% in the second quarter. Manatuck Hill Partners LLC now owns 312,000 shares of the technology company’s stock valued at $4,424,000 after purchasing an additional 12,000 shares during the last quarter. Vanguard Group Inc. lifted its stake in Airgain by 14.7% in the second quarter. Vanguard Group Inc. now owns 253,971 shares of the technology company’s stock valued at $3,601,000 after purchasing an additional 32,587 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Airgain by 32.6% in the third quarter. Bank of New York Mellon Corp now owns 241,690 shares of the technology company’s stock valued at $2,196,000 after purchasing an additional 59,481 shares during the last quarter. Institutional investors and hedge funds own 24.50% of the company’s stock.
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Airgain Company Profile
Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.
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