Shares of Airgain Inc (NASDAQ:AIRG) have been given an average recommendation of “Hold” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $13.50.
Several analysts recently weighed in on AIRG shares. Zacks Investment Research lowered Airgain from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. William Blair lowered Airgain from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 26th. Cowen decreased their price target on Airgain from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. ValuEngine lowered Airgain from a “buy” rating to a “hold” rating in a report on Wednesday, November 27th. Finally, B. Riley restated a “hold” rating and set a $11.50 price target on shares of Airgain in a report on Tuesday, January 14th.
Hedge funds have recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. purchased a new stake in Airgain in the fourth quarter worth $116,000. Russell Investments Group Ltd. purchased a new stake in Airgain in the third quarter worth $121,000. Millennium Management LLC purchased a new stake in Airgain in the third quarter worth $128,000. Squarepoint Ops LLC purchased a new stake in Airgain in the third quarter worth $139,000. Finally, Wells Fargo & Company MN increased its stake in Airgain by 366.4% in the second quarter. Wells Fargo & Company MN now owns 10,532 shares of the technology company’s stock worth $148,000 after purchasing an additional 8,274 shares during the period. Institutional investors and hedge funds own 50.83% of the company’s stock.
Shares of AIRG traded up $0.16 during mid-day trading on Friday, hitting $8.94. 5,877 shares of the stock were exchanged, compared to its average volume of 48,683. The company has a market cap of $85.14 million, a PE ratio of 40.64 and a beta of 1.91. Airgain has a 52-week low of $8.28 and a 52-week high of $17.25. The firm has a 50-day moving average of $9.90 and a two-hundred day moving average of $10.78.
Airgain Company Profile
Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, service providers, and value added resellers and distributors 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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