Airgain (NASDAQ:AIRG) Stock Rating Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Airgain (NASDAQ:AIRG) from a buy rating to a hold rating in a research report sent to investors on Sunday,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Airgain from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 23rd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.70.

Airgain Price Performance

NASDAQ:AIRG opened at $4.05 on Friday. Airgain has a 1-year low of $3.00 and a 1-year high of $7.66. The firm has a market capitalization of $53.05 million, a price-to-earnings ratio of -7.23 and a beta of 0.91. The stock has a fifty day simple moving average of $5.01 and a 200 day simple moving average of $5.90.

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

Insider Buying and Selling

In related news, Director James K. Sims acquired 8,269 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were purchased at an average price of $5.11 per share, for a total transaction of $42,254.59. Following the purchase, the director owned 457,733 shares in the company, valued at $2,339,015.63. This represents a 1.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 16,500 shares of company stock worth $84,821 over the last quarter. Insiders own 17.50% of the company’s stock.

Hedge Funds Weigh In On Airgain

Several institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in shares of Airgain by 4.6% in the first quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock worth $1,850,000 after acquiring an additional 14,700 shares during the last quarter. BlackRock Inc. acquired a new stake in Airgain during the second quarter valued at $1,355,000. Whitcomb & Hess Inc. grew its stake in Airgain by 36.0% in the second quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company’s stock valued at $357,000 after purchasing an additional 15,022 shares in the last quarter. AXQ Capital LP purchased a new position in Airgain in the second quarter valued at about $79,000. Finally, Bank of America Corp DE purchased a new position in Airgain in the second quarter valued at about $77,000. 52.76% of the stock is currently owned by hedge funds and other institutional investors.

Airgain Company Profile

Airgain, Inc is a wireless connectivity company that develops and supplies antenna and communications solutions for connected devices and networks. Its products are designed to help devices connect reliably to cellular, Wi-Fi, and other wireless networks across a range of operating environments.

The company offers embedded and external antenna systems, cellular connectivity products, and related hardware and software solutions. Its portfolio supports applications including consumer broadband equipment, enterprise networking, automotive and transportation systems, industrial and public-safety communications, and other Internet of Things deployments.