Airgain (NASDAQ:AIRG) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Airgain (NASDAQ:AIRG) in a research report sent to investors on Saturday morning. The firm issued a hold rating on the technology company’s stock.

Airgain Price Performance

NASDAQ AIRG opened at $5.44 on Friday. Airgain has a 1 year low of $1.63 and a 1 year high of $6.37. The firm has a market cap of $57.17 million, a price-to-earnings ratio of -4.57 and a beta of 0.85. The company has a fifty day moving average price of $4.65 and a 200-day moving average price of $3.76.

Airgain (NASDAQ:AIRG) last posted its earnings results on Wednesday, March 6th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.15). Airgain had a negative return on equity of 24.77% and a negative net margin of 22.18%. The firm had revenue of $10.07 million during the quarter, compared to the consensus estimate of $10.00 million. On average, research analysts anticipate that Airgain will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CTO Ali Sadri sold 5,379 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $5.10, for a total transaction of $27,432.90. Following the completion of the transaction, the chief technology officer now directly owns 96,958 shares of the company’s stock, valued at approximately $494,485.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CTO Ali Sadri sold 5,379 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $5.10, for a total transaction of $27,432.90. Following the completion of the sale, the chief technology officer now owns 96,958 shares in the company, valued at approximately $494,485.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jacob Suen sold 10,639 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $5.10, for a total transaction of $54,258.90. Following the sale, the chief executive officer now owns 236,275 shares of the company’s stock, valued at approximately $1,205,002.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,814 shares of company stock valued at $122,510. 15.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Airgain

Several large investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. grew its stake in Airgain by 30.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 4,916 shares of the technology company’s stock valued at $38,000 after buying an additional 1,154 shares in the last quarter. Citadel Advisors LLC grew its position in shares of Airgain by 14.9% during the 2nd quarter. Citadel Advisors LLC now owns 14,927 shares of the technology company’s stock valued at $121,000 after purchasing an additional 1,934 shares in the last quarter. Trexquant Investment LP grew its position in shares of Airgain by 7.1% during the 3rd quarter. Trexquant Investment LP now owns 29,271 shares of the technology company’s stock valued at $211,000 after purchasing an additional 1,946 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Airgain by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 188,429 shares of the technology company’s stock worth $1,428,000 after acquiring an additional 1,972 shares during the last quarter. Finally, Engineers Gate Manager LP lifted its holdings in shares of Airgain by 18.4% during the 1st quarter. Engineers Gate Manager LP now owns 14,254 shares of the technology company’s stock worth $108,000 after acquiring an additional 2,214 shares during the last quarter. Hedge funds and other institutional investors own 52.76% of the company’s stock.

Airgain Company Profile

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.