Airgain, Inc. (NASDAQ:AIRG - Get Free Report)'s share price traded down 0.2% during trading on Monday . The company traded as low as $4.23 and last traded at $4.25. 4,643 shares were traded during trading, a decline of 84% from the average session volume of 29,467 shares. The stock had previously closed at $4.26.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. Craig Hallum lowered their price objective on Airgain from $9.00 to $7.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Wall Street Zen assumed coverage on Airgain in a report on Tuesday, May 20th. They issued a "hold" rating for the company.
Check Out Our Latest Report on Airgain
Airgain Stock Up 0.9%
The stock has a fifty day moving average of $4.11 and a 200-day moving average of $4.97. The stock has a market capitalization of $50.70 million, a price-to-earnings ratio of -6.23 and a beta of 0.85.
Insider Transactions at Airgain
In other Airgain news, Director Arthur M. Toscanini sold 6,912 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $4.01, for a total value of $27,717.12. Following the completion of the sale, the director owned 89,956 shares in the company, valued at approximately $360,723.56. The trade was a 7.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 21,402 shares of company stock valued at $86,671 over the last three months. Corporate insiders own 17.80% of the company's stock.
Institutional Investors Weigh In On Airgain
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in shares of Airgain by 19.3% during the fourth quarter. Farther Finance Advisors LLC now owns 43,277 shares of the technology company's stock worth $306,000 after purchasing an additional 7,000 shares during the last quarter. Virtu Financial LLC acquired a new stake in Airgain in the fourth quarter valued at $73,000. Arrowstreet Capital Limited Partnership acquired a new stake in Airgain in the fourth quarter valued at $107,000. Renaissance Technologies LLC grew its holdings in Airgain by 10.8% in the fourth quarter. Renaissance Technologies LLC now owns 404,036 shares of the technology company's stock valued at $2,852,000 after purchasing an additional 39,436 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Airgain during the fourth quarter valued at $75,000. Hedge funds and other institutional investors own 52.76% of the company's stock.
Airgain Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Airgain, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Airgain wasn't on the list.
While Airgain currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
