Airgain (NASDAQ:AIRG) Price Target Raised to $12.00 at Craig Hallum

Airgain (NASDAQ:AIRG) had its target price raised by Craig Hallum from $8.00 to $12.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Craig Hallum currently has a buy rating on the technology company’s stock.

Separately, Northland Securities reaffirmed an “outperform” rating and issued a $11.50 target price (up previously from $8.00) on shares of Airgain in a research note on Wednesday.

Airgain Price Performance

Shares of AIRG stock opened at $9.35 on Wednesday. The stock has a market cap of $105.66 million, a PE ratio of -8.20 and a beta of 0.69. The stock has a 50-day moving average of $8.64 and a 200-day moving average of $7.12. Airgain has a one year low of $2.25 and a one year high of $10.34.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC raised its position in shares of Airgain by 30.9% during the second quarter. First Eagle Investment Management LLC now owns 558,309 shares of the technology company’s stock worth $3,372,000 after purchasing an additional 131,675 shares during the period. US Bancorp DE increased its stake in Airgain by 3.7% during the 3rd quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock worth $502,000 after purchasing an additional 2,400 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Airgain by 195.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 36,277 shares of the technology company’s stock worth $274,000 after purchasing an additional 24,000 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Airgain by 0.8% during the 2nd quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company’s stock worth $2,128,000 after buying an additional 2,800 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Airgain by 23.2% in the third quarter. Geode Capital Management LLC now owns 111,476 shares of the technology company’s stock valued at $841,000 after buying an additional 20,970 shares in the last quarter. 52.76% of the stock is owned by institutional investors and hedge funds.

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.