Brokerages Set Airgain Inc (NASDAQ:AIRG) Price Target at $13.50

Airgain Inc (NASDAQ:AIRG) has been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $13.50.

A number of research analysts recently weighed in on AIRG shares. B. Riley restated a “hold” rating and set a $11.50 price objective on shares of Airgain in a research report on Tuesday, January 14th. ValuEngine downgraded shares of Airgain from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Zacks Investment Research downgraded shares of Airgain from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. William Blair downgraded shares of Airgain from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 26th. Finally, Cowen lowered their price objective on shares of Airgain from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th.

Institutional investors have recently modified their holdings of the stock. Millennium Management LLC purchased a new position in Airgain during the third quarter valued at $128,000. Squarepoint Ops LLC bought a new stake in Airgain during the 3rd quarter valued at about $139,000. State Street Corp lifted its holdings in Airgain by 10.8% during the 3rd quarter. State Street Corp now owns 123,281 shares of the technology company’s stock valued at $1,449,000 after buying an additional 11,995 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Airgain during the 3rd quarter valued at about $121,000. Finally, Rice Hall James & Associates LLC lifted its holdings in Airgain by 2.0% during the 3rd quarter. Rice Hall James & Associates LLC now owns 133,089 shares of the technology company’s stock valued at $1,564,000 after buying an additional 2,561 shares in the last quarter. Institutional investors own 50.85% of the company’s stock.

AIRG traded up $0.04 during midday trading on Wednesday, reaching $10.34. The company’s stock had a trading volume of 52,734 shares, compared to its average volume of 40,519. The firm has a market capitalization of $100.30 million, a price-to-earnings ratio of 47.00 and a beta of 1.88. Airgain has a 1 year low of $8.28 and a 1 year high of $17.25. The stock’s 50-day moving average is $10.20 and its 200-day moving average is $11.39.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings data on Thursday, November 7th. The technology company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.11. Airgain had a net margin of 3.61% and a return on equity of 4.59%. The business had revenue of $13.10 million for the quarter, compared to analysts’ expectations of $12.83 million. During the same quarter in the prior year, the company earned $0.09 earnings per share. The business’s revenue was down 17.1% compared to the same quarter last year. Sell-side analysts anticipate that Airgain will post 0.06 earnings per share for the current year.

Airgain Company Profile

Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, service providers, and value added resellers and distributors worldwide. Its products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; OmniMax high performance external antennas; MaxBeam carrier class antennas; and SmartMax embedded antennas, as well as automotive, fleet, public safety, and M2M antennas.

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