Airgain Inc (NASDAQ:AIRG) insider Charles A. Myers sold 18,229 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $9.00, for a total value of $164,061.00. Following the transaction, the insider now owns 18,229 shares in the company, valued at approximately $164,061. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Airgain Inc (NASDAQ:AIRG) traded up $0.10 during trading on Friday, hitting $9.08. 82,121 shares of the stock traded hands, compared to its average volume of 76,318. The firm has a market capitalization of $85.35, a P/E ratio of 82.55 and a beta of 1.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.95 and a current ratio of 5.02. Airgain Inc has a twelve month low of $7.31 and a twelve month high of $16.23.
Airgain (NASDAQ:AIRG) last announced its quarterly earnings data on Thursday, February 15th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. The business had revenue of $12.81 million for the quarter, compared to the consensus estimate of $12.73 million. Airgain had a net margin of 2.30% and a return on equity of 4.82%. Airgain’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.12 earnings per share. analysts anticipate that Airgain Inc will post -0.2 earnings per share for the current year.
AIRG has been the topic of several analyst reports. Northland Securities reiterated a “buy” rating and set a $13.00 price target on shares of Airgain in a report on Tuesday, February 27th. Zacks Investment Research upgraded shares of Airgain from a “strong sell” rating to a “hold” rating in a research note on Monday, January 8th. Finally, B. Riley downgraded shares of Airgain from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a research note on Friday, February 16th.
Several institutional investors have recently made changes to their positions in AIRG. Vanguard Group Inc. grew its stake in shares of Airgain by 14.7% in the second quarter. Vanguard Group Inc. now owns 253,971 shares of the technology company’s stock worth $3,601,000 after acquiring an additional 32,587 shares during the last quarter. Bank of New York Mellon Corp lifted its position 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 worth $2,196,000 after purchasing an additional 59,481 shares during the period. Commonwealth Equity Services Inc bought a new position in Airgain in the third quarter worth $118,000. Cortina Asset Management LLC bought a new position in Airgain in the third quarter worth $3,317,000. Finally, Skylands Capital LLC lifted its position in Airgain by 35.6% in the fourth quarter. Skylands Capital LLC now owns 276,400 shares of the technology company’s stock worth $2,485,000 after purchasing an additional 72,494 shares during the period. Institutional investors and hedge funds own 27.22% 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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