Airgain (NASDAQ:AIRG) Shares Down 0.2% - What's Next?

Shares of Airgain, Inc. (NASDAQ:AIRG - Get Free Report) traded down 0.2% on Monday . The company traded as low as $4.23 and last traded at $4.25. 4,643 shares were traded during mid-day 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 research analysts have weighed in on the company. Wall Street Zen initiated coverage on Airgain in a report on Tuesday, May 20th. They issued a "hold" rating on the stock. Craig Hallum cut their price target on Airgain from $9.00 to $7.00 and set a "buy" rating on the stock in a report on Thursday, May 8th.

Airgain Price Performance

The stock has a market cap of $49.40 million, a price-to-earnings ratio of -6.07 and a beta of 0.85. The stock's 50-day moving average is $4.11 and its 200 day moving average is $4.98.

Insider Buying and Selling

In other news, Director Arthur M. Toscanini sold 6,912 shares of the firm's stock in a transaction 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 of the company's stock, valued at $360,723.56. This trade represents a 7.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders sold 21,402 shares of company stock valued at $86,671. 17.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Airgain

Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in shares of Airgain by 19.3% in the 4th quarter. Farther Finance Advisors LLC now owns 43,277 shares of the technology company's stock valued at $306,000 after purchasing an additional 7,000 shares during the period. Virtu Financial LLC bought a new position in Airgain during the fourth quarter worth about $73,000. Arrowstreet Capital Limited Partnership bought a new position in Airgain during the fourth quarter worth about $107,000. Renaissance Technologies LLC lifted its position in Airgain by 10.8% during the fourth quarter. Renaissance Technologies LLC now owns 404,036 shares of the technology company's stock worth $2,852,000 after acquiring an additional 39,436 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Airgain in the fourth quarter valued at approximately $75,000. Institutional investors and hedge funds own 52.76% of the company's stock.

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.