Airgain (NASDAQ:AIRG) Shares Down 0.7% - Here's What Happened

Key Points

• Airgain, Inc. (NASDAQ:AIRG) shares fell 0.7% to $4.24, with trading volume decreasing by 33% compared to its average session.
• Analyst ratings for Airgain indicate a consensus "Buy" rating, with target prices recently adjusted to a range of $7.00 to $8.50.
• Institutional ownership stands at 52.76%, with notable investors such as Northern Trust Corp increasing their stake by 69.4% in the last quarter.

Airgain, Inc. (NASDAQ:AIRG - Get Free Report) shares traded down 0.7% on Monday . The company traded as low as $4.14 and last traded at $4.24. 17,401 shares were traded during mid-day trading, a decline of 33% from the average session volume of 25,989 shares. The stock had previously closed at $4.27.

Analyst Upgrades and Downgrades

AIRG has been the subject of several analyst reports. Wall Street Zen assumed coverage on Airgain in a research note on Tuesday, May 20th. They issued a "hold" rating for the company. Craig Hallum lowered their target price on shares of Airgain from $9.00 to $7.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Roth Capital decreased their price objective on shares of Airgain from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Friday, July 18th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $8.50.

Airgain Stock Down 0.7%

The firm has a market capitalization of $50.46 million, a PE ratio of -7.31 and a beta of 0.80. The company has a 50-day moving average of $4.44 and a 200 day moving average of $4.36.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in Airgain in the 4th quarter worth $192,000. Northern Trust Corp boosted its position in Airgain by 69.4% during the fourth quarter. Northern Trust Corp now owns 64,861 shares of the technology company's stock valued at $458,000 after buying an additional 26,573 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Airgain by 12.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 105,954 shares of the technology company's stock valued at $748,000 after buying an additional 12,000 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Airgain in the fourth quarter worth about $75,000. Finally, Marathon Capital Management purchased a new position in shares of Airgain in the second quarter worth about $42,000. 52.76% of the stock is currently owned by institutional investors.

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.

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