Airgain (NASDAQ:AIRG) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Airgain from “hold” to “buy,” while the broader analyst consensus remains “Moderate Buy” with a $7.70 price target.
• Airgain reported quarterly EPS of $0.02 and revenue of $13.70 million, exceeding analysts’ $13.45 million estimate, but remains unprofitable with negative margins and analysts projecting a full-year loss.
• Insiders bought 16,500 shares over the past 90 days, and institutional investors own 52.76% of the company; the stock recently traded at $4.04, near the lower end of its 12-month range.

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

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

Airgain Trading Up 1.5%

NASDAQ:AIRG opened at $4.04 on Friday. The company has a market cap of $52.92 million, a PE ratio of -7.21 and a beta of 0.91. The company has a 50 day simple moving average of $5.17 and a two-hundred day simple moving average of $5.94. Airgain has a 12 month low of $3.00 and a 12 month high of $7.66.

Airgain (NASDAQ:AIRG - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.02 earnings per share for the quarter. The firm had revenue of $13.70 million for the quarter, compared to analysts' expectations 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. Research analysts forecast that Airgain will post -0.19 earnings per share for the current year.

Insiders Place Their Bets

In other Airgain news, Director James K. Sims purchased 8,269 shares of the firm's stock in a transaction on Tuesday, September 1st. The shares were acquired at an average cost of $5.11 per share, for a total transaction of $42,254.59. Following the completion of the transaction, the director owned 457,733 shares of the company's stock, valued at approximately $2,339,015.63. The trade was a 1.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have purchased 16,500 shares of company stock valued at $84,821 in the last 90 days. 17.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Airgain

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

About Airgain

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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