Shares of Airgain, Inc. (NASDAQ:AIRG – Get Rating) have been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $12.33.
Separately, TheStreet lowered Airgain from a “c-” rating to a “d+” rating in a report on Friday, August 26th.
Institutional Trading of Airgain
A number of hedge funds and other institutional investors have recently bought and sold shares of AIRG. Assenagon Asset Management S.A. raised its stake in Airgain by 445.8% in the second quarter. Assenagon Asset Management S.A. now owns 159,164 shares of the technology company’s stock valued at $1,292,000 after buying an additional 130,001 shares in the last quarter. Penserra Capital Management LLC raised its stake in Airgain by 38.4% in the fourth quarter. Penserra Capital Management LLC now owns 449,347 shares of the technology company’s stock valued at $4,776,000 after buying an additional 124,716 shares in the last quarter. Millennium Management LLC acquired a new stake in Airgain in the second quarter valued at $881,000. Blair William & Co. IL raised its stake in Airgain by 20.6% in the fourth quarter. Blair William & Co. IL now owns 633,910 shares of the technology company’s stock valued at $6,738,000 after buying an additional 108,342 shares in the last quarter. Finally, Lynrock Lake LP raised its stake in Airgain by 134.6% in the fourth quarter. Lynrock Lake LP now owns 153,340 shares of the technology company’s stock valued at $1,630,000 after buying an additional 87,968 shares in the last quarter. 62.17% of the stock is currently owned by institutional investors and hedge funds.
Airgain Trading Down 4.3 %
Airgain (NASDAQ:AIRG – Get Rating) last released its earnings results on Thursday, August 11th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.03. The firm had revenue of $19.29 million during the quarter, compared to analyst estimates of $19.26 million. Airgain had a negative return on equity of 17.66% and a negative net margin of 17.85%. During the same period last year, the business posted ($0.04) earnings per share. Equities analysts forecast that Airgain will post -0.46 EPS for the current year.
Airgain Company Profile
Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, vertical markets, chipset vendors, service providers, value-added resellers and software developers worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; SmartMax embedded antennas; and MaxBeam carrier class antennas, as well as automotive, fleet, public safety, and machine-to-machine antennas under the Antenna Plus brand.
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