Airgain, Inc. (NASDAQ:AIRG)‘s stock had its “buy” rating restated by equities researchers at Cowen and Company in a research report issued to clients and investors on Thursday. They currently have a $19.00 price target on the technology company’s stock. Cowen and Company’s price target would indicate a potential upside of 76.25% from the stock’s previous close.
A number of other analysts also recently issued reports on AIRG. B. Riley reissued a “buy” rating and issued a $17.00 target price on shares of Airgain in a research report on Wednesday. Zacks Investment Research raised 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. Seven research analysts have rated the stock with a buy rating, Airgain has a consensus rating of “Buy” and a consensus price target of $18.09.
Airgain (NASDAQ:AIRG) opened at 10.78 on Thursday. The firm has a market capitalization of $102.63 million and a price-to-earnings ratio of 27.02. The firm has a 50-day moving average price of $13.58 and a 200-day moving average price of $14.28. Airgain has a one year low of $9.76 and a one year high of $29.30.
Several institutional investors have recently made changes to their positions in AIRG. Wells Fargo & Company MN boosted its position in shares of Airgain by 723.4% in the first quarter. Wells Fargo & Company MN now owns 12,351 shares of the technology company’s stock valued at $187,000 after buying an additional 10,851 shares during the period. Citadel Advisors LLC bought a new position in shares of Airgain during the first quarter valued at $229,000. Blair William & Co. IL bought a new position in shares of Airgain during the first quarter valued at $264,000. UBS Group AG boosted its position in shares of Airgain by 125.3% in the first quarter. UBS Group AG now owns 25,022 shares of the technology company’s stock valued at $379,000 after buying an additional 13,918 shares during the period. Finally, Sigma Planning Corp boosted its position in shares of Airgain by 41.9% in the first quarter. Sigma Planning Corp now owns 34,697 shares of the technology company’s stock valued at $526,000 after buying an additional 10,250 shares during the period. Institutional investors own 34.79% of the company’s stock.
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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