Equities Analysts Issue Forecasts for Airgain, Inc.’s Q3 2017 Earnings (AIRG)

Airgain, Inc. (NASDAQ:AIRG) – Investment analysts at William Blair decreased their Q3 2017 earnings per share (EPS) estimates for shares of Airgain in a research report issued on Tuesday. William Blair analyst A. Doradla now anticipates that the technology company will post earnings of $0.08 per share for the quarter, down from their prior forecast of $0.16. William Blair also issued estimates for Airgain’s Q4 2017 earnings at $0.05 EPS, FY2017 earnings at $0.16 EPS and FY2018 earnings at $0.51 EPS.

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AIRG has been the subject of a number of other research reports. B. Riley reissued a “buy” rating and set a $17.00 target price on shares of Airgain in a research report on Friday, August 4th. Zacks Investment Research raised shares of Airgain from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Thursday, June 8th. Finally, Cowen and Company reissued a “buy” rating and set a $19.00 target price on shares of Airgain in a research report on Thursday. Seven analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of $18.09.

Airgain (AIRG) opened at 10.78 on Thursday. The company’s 50-day moving average is $13.58 and its 200 day moving average is $14.28. The company has a market cap of $102.63 million and a price-to-earnings ratio of 27.02. Airgain has a 1-year low of $9.76 and a 1-year high of $29.30.

A number of hedge funds have recently added to or reduced their stakes in AIRG. Wells Fargo & Company MN increased its stake in Airgain by 723.4% in the first quarter. Wells Fargo & Company MN now owns 12,351 shares of the technology company’s stock worth $187,000 after buying an additional 10,851 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Airgain during the first quarter worth $229,000. Blair William & Co. IL purchased a new stake in Airgain during the first quarter worth $264,000. UBS Group AG increased its stake in Airgain by 125.3% in the first quarter. UBS Group AG now owns 25,022 shares of the technology company’s stock worth $379,000 after buying an additional 13,918 shares in the last quarter. Finally, Sigma Planning Corp increased its stake in Airgain by 41.9% in the first quarter. Sigma Planning Corp now owns 34,697 shares of the technology company’s stock worth $526,000 after buying an additional 10,250 shares in the last quarter. 34.79% of the stock is owned by institutional investors and hedge funds.

Airgain Company Profile

Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.

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