Airgain, Inc. (NASDAQ:AIRG) Receives $7.70 Average Target Price from Analysts

Airgain, Inc. (NASDAQ:AIRG) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $7.70.

AIRG has been the topic of several research reports. Roth Mkm reaffirmed a “buy” rating and set a $9.00 price target on shares of Airgain in a research note on Thursday, May 7th. Wall Street Zen lowered Airgain from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Craig Hallum reiterated a “buy” rating and issued a $9.00 price objective on shares of Airgain in a research report on Thursday, May 7th. Northland Securities set a $8.50 price objective on Airgain in a research report on Thursday, May 7th. Finally, Weiss Ratings lowered Airgain from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 18th.

Insider Transactions at Airgain

In related news, CEO Jacob Suen sold 4,573 shares of Airgain stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $6.51, for a total value of $29,770.23. Following the completion of the sale, the chief executive officer directly owned 281,431 shares in the company, valued at $1,832,115.81. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Elbaz sold 3,787 shares of Airgain stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $6.77, for a total value of $25,637.99. Following the completion of the sale, the chief financial officer owned 135,506 shares of the company’s stock, valued at approximately $917,375.62. The trade was a 2.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 13,847 shares of company stock valued at $91,577. Corporate insiders own 17.50% of the company’s stock.

Institutional Trading of Airgain

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AIRG. XTX Topco Ltd acquired a new position in Airgain in the fourth quarter valued at about $44,000. Susquehanna International Group LLP acquired a new position in Airgain in the third quarter valued at about $91,000. Citadel Advisors LLC lifted its stake in Airgain by 270.1% in the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after buying an additional 43,214 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new position in Airgain in the fourth quarter valued at about $934,000. Finally, Renaissance Technologies LLC lifted its stake in Airgain by 4.6% in the first quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock valued at $1,850,000 after buying an additional 14,700 shares during the period. 52.76% of the stock is currently owned by institutional investors and hedge funds.

Airgain Stock Performance

Shares of AIRG stock opened at $6.23 on Friday. The stock’s fifty day moving average is $6.82 and its 200-day moving average is $5.37. The stock has a market capitalization of $79.00 million, a PE ratio of -11.33 and a beta of 0.88. Airgain has a 52 week low of $3.00 and a 52 week high of $7.66.

Airgain (NASDAQ:AIRG) last announced its earnings results on Wednesday, May 6th. The technology company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). The company had revenue of $11.51 million for the quarter, compared to analysts’ expectations of $11.48 million. Airgain had a negative return on equity of 15.42% and a negative net margin of 13.22%.Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. As a group, analysts forecast that Airgain will post -0.22 earnings per share for the current fiscal year.

About Airgain

Airgain, Inc (NASDAQ: AIRG) is a provider of intelligent wireless connectivity solutions designed to enhance data transmission, network performance and antenna efficiency for a range of devices. Headquartered in San Diego, California, the company develops both embedded and external antenna systems, as well as associated connectivity software, to support wireless applications across cellular, Wi-Fi, machine-to-machine (M2M) and Internet of Things (IoT) markets.

The company’s product portfolio includes modular smart antennas, parallel path phase-diversity antennas and advanced array antenna solutions that are optimized for environments such as smart homes, industrial automation, transportation and enterprise networking.