Airgain (NASDAQ:AIRG) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Airgain from “hold” to “buy,” adding to a generally positive analyst backdrop. The stock now has a consensus rating of “Moderate Buy” with an average price target of $7.70.
• Airgain’s latest quarterly results were roughly in line with expectations, with EPS of -$0.08 and revenue of $11.51 million. The company also guided for Q2 2026 EPS of $0.01.
• Insider selling has been notable, with both the CFO and CEO reducing their holdings in March. Despite that, institutional investors still own a majority of the stock, at 52.76%.

Airgain (NASDAQ:AIRG - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also weighed in on the company. Northland Securities set a $8.50 price objective on Airgain in a research report on Thursday. Royal Bank Of Canada set a $6.00 price objective on Airgain in a research report on Wednesday, January 21st. Craig Hallum restated a "buy" rating and set a $9.00 price objective on shares of Airgain in a research report on Thursday. Weiss Ratings restated a "sell (d-)" rating on shares of Airgain in a research report on Monday, April 20th. Finally, Lake Street Capital started coverage on Airgain in a research report on Wednesday, January 21st. They set a "buy" rating and a $6.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $7.70.

Airgain Stock Performance

Shares of AIRG opened at $7.13 on Friday. Airgain has a 52-week low of $3.00 and a 52-week high of $7.39. The business's fifty day moving average is $5.41 and its 200-day moving average is $4.67. The firm 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.08) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.08). The business had revenue of $11.51 million for the quarter, compared to analyst estimates of $11.48 million. Airgain had a negative return on equity of 15.42% and a negative net margin of 13.22%.Airgain has set its Q2 2026 guidance at 0.010-0.010 EPS. As a group, research analysts forecast that Airgain will post -0.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other Airgain news, CFO Michael Elbaz sold 12,769 shares of Airgain stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $4.12, for a total transaction of $52,608.28. Following the transaction, the chief financial officer directly owned 140,780 shares of the company's stock, valued at approximately $580,013.60. The trade was a 8.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jacob Suen sold 37,314 shares of Airgain 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 directly owned 284,431 shares in the company, valued at $1,171,855.72. The trade was a 11.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 84,653 shares of company stock valued at $367,434. 17.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new position in Airgain during the 4th quarter worth about $44,000. Susquehanna International Group LLP acquired a new position in Airgain during the 3rd quarter worth about $91,000. Citadel Advisors LLC lifted its holdings in Airgain by 270.1% during the 3rd 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 during the period. Finally, Nano Cap New Millennium Growth Fund L P acquired a new position in Airgain during the 4th quarter worth about $934,000. 52.76% of the stock is owned by institutional investors and hedge funds.

Airgain Company Profile

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.

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