Dimensional Fund Advisors LP bought a new position in shares of Airgain Inc (NASDAQ:AIRG) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,041 shares of the technology company’s stock, valued at approximately $138,000. Dimensional Fund Advisors LP owned about 0.16% of Airgain as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. UBS Group AG increased its holdings in Airgain by 144.6% in the first quarter. UBS Group AG now owns 25,143 shares of the technology company’s stock valued at $195,000 after purchasing an additional 81,464 shares during the last quarter. Trellus Management Company LLC increased its holdings in Airgain by 14.3% in the second quarter. Trellus Management Company LLC now owns 80,000 shares of the technology company’s stock valued at $735,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Northpointe Capital LLC bought a new stake in Airgain in the second quarter valued at about $565,000. Institutional investors own 28.01% of the company’s stock.
NASDAQ:AIRG opened at $13.99 on Friday. Airgain Inc has a 1 year low of $7.31 and a 1 year high of $14.00. The stock has a market capitalization of $120.98 million, a price-to-earnings ratio of 127.18 and a beta of 2.22.
Airgain (NASDAQ:AIRG) last posted its earnings results on Thursday, November 1st. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. Airgain had a negative return on equity of 7.47% and a negative net margin of 6.48%. The firm had revenue of $15.80 million during the quarter, compared to analysts’ expectations of $15.70 million. During the same period in the previous year, the firm earned $0.02 earnings per share. The company’s revenue was up 27.4% on a year-over-year basis. Equities research analysts predict that Airgain Inc will post -0.4 EPS for the current year.
A number of research firms recently commented on AIRG. TheStreet downgraded Airgain from a “c” rating to a “d+” rating in a report on Wednesday, August 8th. William Blair began coverage on Airgain in a report on Friday, August 10th. They issued an “outperform” rating for the company. Zacks Investment Research upgraded Airgain from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Wednesday. ValuEngine upgraded Airgain from a “hold” rating to a “buy” rating in a report on Friday, August 10th. Finally, B. Riley upgraded Airgain from a “neutral” rating to a “buy” rating and upped their price objective for the company from $8.50 to $13.00 in a report on Friday, August 10th. Five equities research analysts have rated the stock with a buy rating, Airgain currently has an average rating of “Buy” and an average target price of $13.33.
Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, and service providers worldwide. Its products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; omnimax high performance external antennas; MaxBeam carrier class antennas; and SmartMax embedded antennas, as well as automotive, fleet, public safety, and M2M antennas.
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