Airgain, Inc. (NASDAQ:AIRG) Stock Now Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Airgain has a “Moderate Buy” consensus rating from five analysts, with four buys and one sell; the average 12-month price target is $7.70 versus a recent share price of $5.14.
• The company reported quarterly EPS of $0.02 and revenue of $13.70 million, exceeding the $13.45 million revenue estimate, but it continues to post negative profitability metrics, including a 13.65% net margin.
• Insider and institutional interest remains notable: a director recently purchased 8,269 shares, while institutional investors own 52.76% of the stock and insiders hold 17.50%.

Airgain, Inc. (NASDAQ:AIRG - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the five research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $7.70.

Separately, Weiss Ratings raised Airgain from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, July 23rd.

Airgain Price Performance

Shares of AIRG opened at $5.14 on Monday. Airgain has a 1-year low of $3.00 and a 1-year high of $7.66. The company has a 50-day moving average of $5.44 and a 200 day moving average of $5.93. The firm has a market capitalization of $67.33 million, a price-to-earnings ratio of -9.18 and a beta of 0.93.

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

Insider Activity at Airgain

In other news, Director James K. Sims acquired 8,269 shares of the firm's stock in a transaction that occurred 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 acquisition, the director directly owned 457,733 shares of the company's stock, valued at $2,339,015.63. The trade was a 1.84% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 17.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Airgain during the second quarter valued at approximately $74,000. Bank of America Corp DE purchased a new position in Airgain during the second quarter valued at approximately $77,000. AXQ Capital LP bought a new position in Airgain in the second quarter worth approximately $79,000. Renaissance Technologies LLC raised its stake in Airgain by 4.6% in the first quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company's stock worth $1,850,000 after buying an additional 14,700 shares in the last quarter. Finally, Whitcomb & Hess Inc. lifted its holdings in Airgain by 36.0% during the second quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company's stock worth $357,000 after buying an additional 15,022 shares during the period. 52.76% of the stock is currently owned by institutional investors.

About Airgain

Airgain, Inc NASDAQ: AIRG develops wireless connectivity solutions that help devices and systems communicate reliably over cellular, Wi-Fi and other wireless networks. Its products are designed for applications across the automotive, broadband, enterprise, industrial and Internet of Things markets.

The company offers embedded and external antenna systems, radio-frequency components, routers and other connectivity hardware. Its solutions support technologies such as 4G LTE, 5G, Wi-Fi, GNSS and vehicle-to-everything communications, and are used in products including connected vehicles, fleet equipment, fixed wireless access systems, industrial devices and networking equipment.

Airgain also provides engineering, product-development, testing and certification services to help customers integrate wireless connectivity into their products.

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