Airgain (NASDAQ:AIRG) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Airgain (NASDAQ:AIRG) from a hold rating to a buy rating in a research note published on Saturday.

A number of other research firms have also recently commented on AIRG. Royal Bank Of Canada set a $6.00 price objective on Airgain in a research report on Wednesday, January 21st. Lake Street Capital began coverage on Airgain in a report on Wednesday, January 21st. They issued a “buy” rating and a $6.00 target price on the stock. Northland Securities set a $8.50 target price on Airgain in a report on Thursday. Craig Hallum reissued a “buy” rating and issued a $9.00 target price on shares of Airgain in a report on Thursday. Finally, Roth Mkm reissued a “buy” rating and issued a $9.00 target price on shares of Airgain in a report on Thursday. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.70.

Airgain Stock Down 1.7%

Shares of Airgain stock opened at $7.13 on Friday. Airgain has a twelve month low of $3.00 and a twelve month high of $7.39. The company’s 50 day moving average is $5.41 and its 200 day moving average is $4.67. The company has a market cap of $90.41 million, a price-to-earnings ratio of -12.96 and a beta of 0.90.

Airgain (NASDAQ:AIRG) last announced its earnings results on Wednesday, May 6th. The technology company reported ($0.08) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.08). The business had revenue of $11.51 million during 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. Sell-side analysts expect that Airgain will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling at Airgain

In other Airgain news, CEO Jacob Suen sold 37,314 shares of the stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $4.12, for a total value of $153,733.68. Following the transaction, the chief executive officer owned 284,431 shares of the company’s stock, valued at approximately $1,171,855.72. This represents a 11.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Elbaz sold 12,769 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $4.12, for a total value of $52,608.28. Following the completion of the transaction, the chief financial officer directly owned 140,780 shares in the company, valued at approximately $580,013.60. This represents a 8.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 84,653 shares of company stock valued at $367,434. 17.80% of the stock is owned by company insiders.

Institutional Trading of Airgain

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in Airgain in the fourth quarter worth about $44,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in Airgain in the fourth quarter worth about $934,000. Susquehanna International Group LLP purchased a new stake in Airgain in the third quarter worth about $91,000. Finally, Citadel Advisors LLC increased its position in Airgain by 270.1% in 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. Hedge funds and other institutional investors own 52.76% of the company’s stock.

About Airgain

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.