Airgain, Inc. (NASDAQ:AIRG) Receives Consensus Rating of “Hold” from Analysts

Shares of Airgain, Inc. (NASDAQ:AIRGGet 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 %

NASDAQ:AIRG opened at $7.71 on Thursday. The firm has a market cap of $78.66 million, a PE ratio of -6.59 and a beta of 0.98. The stock has a fifty day moving average price of $8.00 and a 200 day moving average price of $8.47. Airgain has a 12-month low of $6.75 and a 12-month high of $13.25.

Airgain (NASDAQ:AIRGGet 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

(Get Rating)

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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