Airgain, Inc. (NASDAQ:AIRG) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give Airgain a “Moderate Buy” consensus: Four of five analysts rate the stock a buy, while one recommends selling. The average 12-month price target is $7.70, above the reported opening price of $5.02.
• Airgain reported quarterly EPS of $0.02 and revenue of $13.70 million, exceeding analysts’ $13.45 million revenue estimate. Analysts expect full-year EPS of approximately -$0.19.
• Insider and institutional ownership remains notable: Director James K. Sims purchased 8,269 shares, while insiders own 17.50% and institutional investors hold 52.76% of the company.

Airgain, Inc. (NASDAQ:AIRG - Get Free Report) has received an average recommendation of "Moderate Buy" from the five research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $7.70.

A number of research firms have issued reports on AIRG. Roth Capital restated a "buy" rating and issued a $9.00 price objective on shares of Airgain in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of Airgain from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, July 23rd. Northland Securities set a $8.50 target price on Airgain in a research note on Thursday, May 7th. Wall Street Zen downgraded Airgain from a "buy" rating to a "hold" rating in a report on Saturday, May 23rd. Finally, Craig Hallum reaffirmed a "buy" rating and set a $9.00 price target on shares of Airgain in a research report on Thursday, May 7th.

Airgain Stock Performance

Airgain stock opened at $5.02 on Thursday. Airgain has a fifty-two week low of $3.00 and a fifty-two week high of $7.66. The stock has a market cap of $65.76 million, a P/E ratio of -8.96 and a beta of 0.93. The firm's fifty day moving average price is $5.72 and its 200-day moving average price is $5.86.

Airgain (NASDAQ:AIRG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.02 earnings per share for the quarter. Airgain had a negative return on equity of 13.72% and a negative net margin of 13.65%.The company had revenue of $13.70 million for the quarter, compared to analysts' expectations of $13.45 million. Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. On average, analysts predict 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 bought 8,269 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was acquired at an average price of $5.11 per share, with a total value of $42,254.59. Following the completion of the purchase, the director owned 457,733 shares of the company's stock, valued at approximately $2,339,015.63. This trade represents a 1.84% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 17.50% of the stock is currently owned by insiders.

Institutional Trading of Airgain

Several institutional investors have recently added to or reduced their stakes in the business. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Airgain during the 4th quarter valued at about $934,000. BlackRock Inc. bought a new position in shares of Airgain during the 2nd quarter valued at approximately $1,355,000. Citadel Advisors LLC increased its holdings in Airgain by 270.1% in the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company's stock worth $118,000 after acquiring an additional 43,214 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in Airgain in the 3rd quarter worth approximately $91,000. Finally, Whitcomb & Hess Inc. raised its stake in Airgain by 36.0% during the 2nd quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company's stock worth $357,000 after acquiring an additional 15,022 shares during the period. 52.76% of the stock is currently owned by hedge funds and other institutional investors.

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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