Airgain, Inc. (NASDAQ:AIRG) Receives Consensus Rating of “Moderate Buy” from Analysts

Airgain, Inc. (NASDAQ:AIRG) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $7.70.

A number of analysts have issued reports on the stock. Northland Securities set a $8.50 price target on shares of Airgain in a research note on Thursday, May 7th. Craig Hallum reiterated a “buy” rating and set a $9.00 price target on shares of Airgain in a research note on Thursday, May 7th. Weiss Ratings lowered shares of Airgain from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. Roth Mkm reiterated a “buy” rating and set a $9.00 price target on shares of Airgain in a research note on Thursday, May 7th. Finally, Wall Street Zen lowered shares of Airgain from a “buy” rating to a “hold” rating in a research note on Saturday, May 23rd.

Insider Transactions at Airgain

In other news, CEO Jacob Suen sold 4,573 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $6.51, for a total transaction of $29,770.23. Following the completion of the transaction, the chief executive officer directly owned 281,431 shares of the company’s stock, valued at approximately $1,832,115.81. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael Elbaz sold 3,787 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $6.77, for a total value of $25,637.99. Following the transaction, the chief financial officer directly owned 135,506 shares of the company’s stock, valued at approximately $917,375.62. This represents a 2.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,847 shares of company stock worth $101,577 over the last quarter. Insiders own 17.50% of the company’s stock.

Hedge Funds Weigh In On Airgain

Institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new position in shares of Airgain during the fourth quarter worth about $44,000. Susquehanna International Group LLP acquired a new position in shares of Airgain during the third quarter worth about $91,000. Citadel Advisors LLC grew its position in shares of Airgain by 270.1% during the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after buying an additional 43,214 shares in the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Airgain during the fourth quarter worth about $934,000. Finally, Renaissance Technologies LLC grew its position in shares of Airgain by 4.6% during the first quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock worth $1,850,000 after buying an additional 14,700 shares in the last quarter. 52.76% of the stock is owned by institutional investors and hedge funds.

Airgain Stock Performance

Shares of AIRG opened at $6.78 on Friday. The firm has a market cap of $85.94 million, a P/E ratio of -12.33 and a beta of 0.88. Airgain has a 12-month low of $3.00 and a 12-month high of $7.66. The company’s 50-day moving average price is $6.79 and its 200 day moving average price is $5.29.

Airgain (NASDAQ:AIRG) last issued its quarterly earnings results on Wednesday, May 6th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.08). The company had revenue of $11.51 million for the quarter, compared to analyst estimates of $11.48 million. Airgain had a negative net margin of 13.22% and a negative return on equity of 15.42%. Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. Equities research analysts forecast that Airgain will post -0.22 earnings per share for the current year.

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.