Airgain (NASDAQ:AIRG) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Airgain (NASDAQ:AIRG) from a buy rating to a hold rating in a research report sent to investors on Sunday,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Airgain from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 23rd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $7.70.

Airgain Stock Performance

Shares of AIRG opened at $4.00 on Friday. Airgain has a 52-week low of $3.00 and a 52-week high of $7.66. The business’s 50 day moving average price is $4.96 and its two-hundred day moving average price is $5.88. The firm has a market cap of $52.40 million, a PE ratio of -7.14 and a beta of 0.91.

Airgain (NASDAQ:AIRG) last issued its earnings results on Wednesday, August 5th. The technology company reported $0.02 earnings per share (EPS) for the quarter. Airgain had a negative net margin of 13.65% and a negative return on equity of 13.72%. The business had revenue of $13.70 million for the quarter, compared to analyst estimates of $13.45 million. Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. Research analysts predict that Airgain will post -0.19 EPS for the current fiscal year.

Insider Activity

In other Airgain news, Director James K. Sims bought 8,269 shares of the stock in a transaction dated Tuesday, September 1st. The shares were bought at an average cost of $5.11 per share, for a total transaction of $42,254.59. Following the purchase, the director directly owned 457,733 shares of the company’s stock, valued at approximately $2,339,015.63. This trade represents a 1.84% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders acquired 16,500 shares of company stock worth $84,821. Company insiders own 17.50% of the company’s stock.

Hedge Funds Weigh In On Airgain

Several institutional investors and hedge funds have recently bought and sold shares of AIRG. Whitcomb & Hess Inc. lifted its stake in Airgain by 10.4% in the 3rd quarter. Whitcomb & Hess Inc. now owns 62,615 shares of the technology company’s stock worth $311,000 after purchasing an additional 5,909 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Airgain during the 2nd quarter valued at $74,000. Bank of America Corp DE purchased a new position in shares of Airgain during the 2nd quarter valued at $77,000. AXQ Capital LP bought a new position in shares of Airgain in the second quarter worth $79,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Airgain by 4.6% in the first quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock worth $1,850,000 after purchasing an additional 14,700 shares during the period. 52.76% of the stock is owned by institutional investors.

Airgain Company Profile

Airgain, Inc is a wireless connectivity company that develops and supplies antenna and communications solutions for connected devices and networks. Its products are designed to help devices connect reliably to cellular, Wi-Fi, and other wireless networks across a range of operating environments.

The company offers embedded and external antenna systems, cellular connectivity products, and related hardware and software solutions. Its portfolio supports applications including consumer broadband equipment, enterprise networking, automotive and transportation systems, industrial and public-safety communications, and other Internet of Things deployments.