Airgain (AIRG) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Airgain (NASDAQ:AIRG) from a hold rating to a buy rating in a research report report published on Wednesday morning. They currently have $14.00 price objective on the technology company’s stock.

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 research firms have also weighed in on AIRG. William Blair reaffirmed an outperform rating on shares of Airgain in a report on Friday, August 17th. TheStreet upgraded Airgain from a d+ rating to a c rating in a research report on Monday, September 17th. ValuEngine upgraded Airgain from a hold rating to a buy rating in a research report on Friday, August 10th. Finally, B. Riley upgraded Airgain from a neutral rating to a buy rating and lifted their price target for the company from $8.50 to $13.00 in a research report on Friday, August 10th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $14.00.

AIRG stock opened at $13.86 on Wednesday. The stock has a market cap of $126.92 million, a price-to-earnings ratio of 126.00 and a beta of 1.57. Airgain has a twelve month low of $7.31 and a twelve month high of $14.17.

Airgain (NASDAQ:AIRG) last posted its earnings results on Thursday, November 1st. The technology company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. The business had revenue of $15.80 million during the quarter, compared to analyst estimates of $15.70 million. Airgain had a negative return on equity of 7.47% and a negative net margin of 6.48%. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 EPS. As a group, equities research analysts expect that Airgain will post -0.4 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of AIRG. Northpointe Capital LLC boosted its position in shares of Airgain by 332.7% during the 3rd quarter. Northpointe Capital LLC now owns 265,951 shares of the technology company’s stock valued at $3,495,000 after acquiring an additional 204,487 shares during the last quarter. UBS Group AG boosted its position in shares of Airgain by 144.6% during the 1st quarter. UBS Group AG now owns 25,143 shares of the technology company’s stock valued at $195,000 after acquiring an additional 81,464 shares during the last quarter. Perkins Capital Management Inc. bought a new stake in shares of Airgain during the 3rd quarter valued at about $822,000. Dimensional Fund Advisors LP bought a new stake in shares of Airgain during the 2nd quarter valued at about $138,000. Finally, Manatuck Hill Partners LLC bought a new stake in shares of Airgain during the 2nd quarter valued at about $116,000. Hedge funds and other institutional investors own 28.01% of the company’s stock.

Airgain Company Profile

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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