Airgain (NASDAQ:AIRG) Director Acquires $35,741.61 in Stock

Airgain, Inc. (NASDAQ:AIRG) Director James Sims purchased 6,731 shares of the business’s stock in a transaction on Monday, August 31st. The shares were purchased at an average price of $5.31 per share, with a total value of $35,741.61. Following the acquisition, the director directly owned 449,464 shares in the company, valued at $2,386,653.84. This represents a 1.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Airgain Price Performance

Shares of NASDAQ AIRG remained flat at $5.02 during midday trading on Wednesday. The stock had a trading volume of 23,260 shares, compared to its average volume of 82,138. The company has a market capitalization of $65.76 million, a PE ratio of -8.96 and a beta of 0.91. Airgain, Inc. has a 52-week low of $3.00 and a 52-week high of $7.66. The stock has a 50 day moving average of $5.74 and a 200 day moving average of $5.86.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.02 earnings per share for the quarter. The company had revenue of $13.70 million for the quarter, compared to analysts’ expectations of $13.45 million. Airgain had a negative net margin of 13.65% and a negative return on equity of 13.72%. Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. On average, equities research analysts forecast that Airgain, Inc. will post -0.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on AIRG. Wall Street Zen cut shares of Airgain from a “buy” rating to a “hold” rating in a research report on Saturday, May 23rd. Roth Capital reiterated a “buy” rating and issued a $9.00 price target on shares of Airgain in a research report on Thursday, May 7th. Weiss Ratings raised Airgain from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 23rd. Craig Hallum restated a “buy” rating and set a $9.00 price objective on shares of Airgain in a research report on Thursday, May 7th. Finally, Northland Securities set a $8.50 price objective on Airgain in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Airgain has an average rating of “Moderate Buy” and a consensus target price of $7.70.

Institutional Investors Weigh In On Airgain

Several hedge funds and other institutional investors have recently made changes to their positions in AIRG. XTX Topco Ltd bought a new stake in shares of Airgain in the 4th quarter worth about $44,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Airgain during the 2nd quarter valued at about $74,000. Bank of America Corp DE bought a new position in Airgain during the 2nd quarter valued at about $77,000. AXQ Capital LP purchased a new stake in Airgain in the 2nd quarter worth about $79,000. Finally, Renaissance Technologies LLC raised its position in Airgain by 4.6% in the 1st 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. Hedge funds and other institutional investors own 52.76% of the company’s stock.

About Airgain

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.