Airgain, Inc. (NASDAQ:AIRG) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analyst consensus is “Moderate Buy”: Four of five analysts rate Airgain a buy, while one assigns a sell rating. The average 12-month price target is $7.70, above the stock’s reported $4.02 opening price.
• Airgain reported quarterly revenue of $13.70 million, ahead of the $13.45 million analyst estimate, and earnings of $0.02 per share. However, the company remains unprofitable, with a negative net margin and analysts expecting a full-year loss.
• Insiders and institutional investors have shown ongoing interest: insiders purchased 16,500 shares over the past 90 days, while institutional investors own 52.76% of the company.

Airgain, Inc. (NASDAQ:AIRG - Get Free Report) has received an average rating of "Moderate Buy" from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $7.70.

Several research analysts have recently issued reports on AIRG shares. Weiss Ratings restated a "sell (d-)" rating on shares of Airgain in a report on Wednesday. Wall Street Zen lowered shares of Airgain from a "buy" rating to a "hold" rating in a report on Sunday, October 18th.

Airgain Price Performance

Shares of AIRG stock opened at $4.02 on Friday. The stock has a market capitalization of $52.66 million, a PE ratio of -7.18 and a beta of 0.91. Airgain has a 1-year low of $3.00 and a 1-year high of $7.66. The business has a 50-day moving average of $4.91 and a 200 day moving average of $5.86.

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

Insider Transactions at Airgain

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

Hedge Funds Weigh In On Airgain

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its stake in shares of 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 purchasing an additional 14,700 shares during the last quarter. BlackRock Inc. purchased a new position in Airgain during the 2nd quarter valued at about $1,355,000. Whitcomb & Hess Inc. increased its holdings in 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 purchasing an additional 5,909 shares during the period. AXQ Capital LP purchased a new position in shares of Airgain during the second quarter valued at approximately $79,000. Finally, Bank of America Corp DE purchased a new position in shares of Airgain during the second quarter valued at approximately $77,000. 52.76% of the stock is owned by institutional investors.

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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