Airgain (NASDAQ:AIRG) Earns “Outperform” Rating from Northland Securities

Airgain (NASDAQ:AIRG)‘s stock had its “outperform” rating reiterated by equities research analysts at Northland Securities in a report released on Wednesday,Benzinga reports. They currently have a $11.50 price objective on the technology company’s stock, up from their previous price objective of $8.00. Northland Securities’ price objective would indicate a potential upside of 20.67% from the stock’s previous close.

Separately, Craig Hallum increased their price target on shares of Airgain from $5.00 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th.

Airgain Price Performance

NASDAQ:AIRG opened at $9.53 on Wednesday. Airgain has a 1-year low of $2.25 and a 1-year high of $10.34. The firm has a 50-day moving average of $8.56 and a two-hundred day moving average of $7.08. The stock has a market cap of $107.71 million, a P/E ratio of -8.41 and a beta of 0.69.

Institutional Investors Weigh In On Airgain

Several institutional investors and hedge funds have recently bought and sold shares of AIRG. Farther Finance Advisors LLC raised its stake in Airgain by 195.5% during the third quarter. Farther Finance Advisors LLC now owns 36,277 shares of the technology company’s stock worth $274,000 after acquiring an additional 24,000 shares during the period. US Bancorp DE raised its stake in Airgain by 3.7% during the third quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock worth $502,000 after acquiring an additional 2,400 shares during the period. Renaissance Technologies LLC raised its stake in Airgain by 0.8% during the second quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company’s stock worth $2,128,000 after acquiring an additional 2,800 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in Airgain by 8.3% during the first quarter. First Eagle Investment Management LLC now owns 426,634 shares of the technology company’s stock worth $2,325,000 after acquiring an additional 32,521 shares during the period. Institutional investors and hedge funds own 52.76% of the company’s stock.

About Airgain

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.