Airgain (NASDAQ:AIRG) Cut to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Airgain from “Buy” to “Hold.” Despite the change, the broader analyst consensus remains “Moderate Buy,” with a $7.70 target price.
• Airgain shares opened at $4.05, down 3.3%, and remain well below their 12-month high of $7.66. The company reported quarterly EPS of $0.02 and revenue of $13.70 million, slightly exceeding analyst estimates.
• Insiders bought 16,500 shares worth about $84,821 over the past 90 days, while institutional investors own 52.76% of the company.

Airgain (NASDAQ:AIRG - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Sunday, Wall Street Zen reports.

Separately, Weiss Ratings raised Airgain from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $7.70.

Airgain Stock Down 3.3%

AIRG stock opened at $4.05 on Friday. Airgain has a twelve month low of $3.00 and a twelve month high of $7.66. The business's 50-day simple moving average is $5.01 and its 200 day simple moving average is $5.90. The company has a market cap of $53.05 million, a PE ratio of -7.23 and a beta of 0.91.

Airgain (NASDAQ:AIRG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $13.70 million during the quarter, compared to analyst estimates of $13.45 million. Airgain had a negative return on equity of 13.72% and a negative net margin of 13.65%. Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. On average, equities research analysts anticipate that Airgain will post -0.19 EPS for the current year.

Insider Buying and Selling

In related news, Director James K. Sims purchased 8,269 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was purchased at an average cost of $5.11 per share, for a total transaction of $42,254.59. Following the completion of the purchase, the director directly owned 457,733 shares in the company, valued at $2,339,015.63. This trade represents a 1.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 16,500 shares of company stock worth $84,821 over the last ninety days. Corporate insiders own 17.50% of the company's stock.

Institutional Investors Weigh In On Airgain

A number of institutional investors and hedge funds have recently made changes to their positions in AIRG. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Airgain during the second quarter worth approximately $74,000. Bank of America Corp DE acquired a new position in shares of Airgain during the 2nd quarter worth approximately $77,000. AXQ Capital LP acquired a new position in shares of Airgain during the 2nd quarter worth approximately $79,000. Whitcomb & Hess Inc. raised its stake in Airgain by 10.4% in the 3rd quarter. Whitcomb & Hess Inc. now owns 62,615 shares of the technology company's stock valued at $311,000 after acquiring an additional 5,909 shares during the period. Finally, BlackRock Inc. bought a new stake in Airgain in the 2nd quarter valued at $1,355,000. Institutional investors own 52.76% of the company's stock.

Airgain Company Profile

Airgain, Inc is a wireless connectivity company that develops and supplies antenna and communications solutions for connected devices and networks. Its products are designed to help devices connect reliably to cellular, Wi-Fi, and other wireless networks across a range of operating environments.

The company offers embedded and external antenna systems, cellular connectivity products, and related hardware and software solutions. Its portfolio supports applications including consumer broadband equipment, enterprise networking, automotive and transportation systems, industrial and public-safety communications, and other Internet of Things deployments.

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