Airgain, Inc. (NASDAQ:AIRG) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Airgain, Inc. (NASDAQ:AIRG) have earned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $7.70.

Several analysts have recently commented on AIRG shares. Northland Securities set a $8.50 price objective on shares of Airgain in a research report on Thursday, May 7th. Roth Capital reaffirmed a “buy” rating and issued a $9.00 target price on shares of Airgain in a report on Thursday, May 7th. Wall Street Zen lowered Airgain from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd. Craig Hallum reissued a “buy” rating and set a $9.00 price target on shares of Airgain in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded Airgain from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 23rd.

Insider Activity

In related news, CFO Michael Elbaz sold 3,787 shares of Airgain stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $6.77, for a total transaction of $25,637.99. Following the sale, the chief financial officer owned 135,506 shares of the company’s stock, valued at approximately $917,375.62. This trade represents a 2.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jacob Suen sold 4,573 shares of Airgain stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $6.51, for a total value of $29,770.23. Following 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 10,847 shares of company stock valued at $72,827 in the last quarter. 17.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Airgain

Several institutional investors and hedge funds have recently modified their holdings of AIRG. XTX Topco Ltd bought a new position in shares of Airgain during the fourth quarter worth $44,000. Susquehanna International Group LLP bought a new stake in Airgain in the 3rd quarter valued at $91,000. Citadel Advisors LLC increased its holdings in Airgain by 270.1% in the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock valued at $118,000 after acquiring an additional 43,214 shares during the last quarter. Whitcomb & Hess Inc. lifted its stake in Airgain by 36.0% in the 2nd quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company’s stock worth $357,000 after purchasing an additional 15,022 shares in the last quarter. Finally, BlackRock Inc. purchased a new stake in Airgain in the 2nd quarter worth $1,355,000. Institutional investors own 52.76% of the company’s stock.

Airgain Trading Down 3.0%

Airgain stock opened at $5.53 on Friday. Airgain has a 12-month low of $3.00 and a 12-month high of $7.66. The firm has a market capitalization of $72.44 million, a price-to-earnings ratio of -9.87 and a beta of 0.91. The firm has a 50 day moving average of $6.27 and a 200 day moving average of $5.77.

Airgain (NASDAQ:AIRG) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.02 earnings per share for the quarter. The business had revenue of $13.70 million for the quarter, compared to the consensus estimate of $13.45 million. Airgain had a negative net margin of 13.65% and a negative return on equity of 13.72%. Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. On average, analysts predict that Airgain will post -0.22 EPS for the current year.

Airgain Company Profile

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.