Airgain's (AIRG) Sell (D-) Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has reiterated a sell (D-) rating for Airgain (NASDAQ:AIRG) in a recent report.
• Roth Capital lowered its price target for Airgain from $8.00 to $7.00, maintaining a buy rating, while the stock has an average target price of $8.50 based on analyst ratings.
• Airgain's stock price saw a 4.8% increase recently, reaching $4.26, although it has a 12-month price range between $3.17 and $10.34.

Airgain (NASDAQ:AIRG - Get Free Report)'s stock had its "sell (d-)" rating restated by analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, Roth Capital cut their price objective on shares of Airgain from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Friday, July 18th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Airgain has an average rating of "Moderate Buy" and an average price target of $8.50.

Airgain Stock Up 4.8%

Airgain stock traded up $0.20 during mid-day trading on Wednesday, reaching $4.26. 36,905 shares of the company's stock traded hands, compared to its average volume of 26,024. The company has a market cap of $50.63 million, a price-to-earnings ratio of -7.34 and a beta of 0.83. The stock has a 50 day moving average of $4.32 and a two-hundred day moving average of $4.15. Airgain has a 12-month low of $3.17 and a 12-month high of $10.34.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Airgain stock. Bard Associates Inc. boosted its holdings in shares of Airgain, Inc. (NASDAQ:AIRG - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,830 shares of the technology company's stock after acquiring an additional 4,000 shares during the period. Bard Associates Inc. owned about 1.34% of Airgain worth $532,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 52.76% of the stock is currently owned by institutional investors and hedge funds.

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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