Lake Street Capital Initiates Coverage on Airgain (NASDAQ:AIRG)

Lake Street Capital initiated coverage on shares of Airgain (NASDAQ:AIRG) in a research report issued on Wednesday, MarketBeat reports. The firm set a “buy” rating and a $6.00 price target on the technology company’s stock. Lake Street Capital’s price objective would suggest a potential upside of 47.89% from the stock’s current price.

Several other equities analysts have also recently commented on AIRG. Craig Hallum reduced their price target on shares of Airgain from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Airgain in a report on Wednesday, October 8th. Finally, Northland Securities decreased their price target on shares of Airgain from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Monday, November 17th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.25.

Airgain Stock Down 4.1%

Shares of AIRG opened at $4.06 on Wednesday. The firm has a market cap of $48.51 million, a price-to-earnings ratio of -8.14 and a beta of 0.87. The business’s 50 day moving average is $4.02 and its two-hundred day moving average is $4.21. Airgain has a 52-week low of $3.00 and a 52-week high of $8.47.

Airgain (NASDAQ:AIRG) last released its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $14.02 million during the quarter, compared to the consensus estimate of $14.13 million. Airgain had a negative net margin of 10.87% and a negative return on equity of 16.03%. Airgain has set its Q4 2025 guidance at 0.000-0.000 EPS. On average, equities analysts expect that Airgain will post -0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Airgain

Several institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Airgain by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock valued at $167,000 after acquiring an additional 7,500 shares in the last quarter. Marathon Capital Management bought a new stake in shares of Airgain in the 2nd quarter worth $42,000. Susquehanna International Group LLP acquired a new stake in shares of Airgain in the third quarter valued at $91,000. Finally, Citadel Advisors LLC lifted 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. Institutional investors own 52.76% of the company’s stock.

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.