Airgain (NASDAQ:AIRG) Now Covered by StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Airgain (NASDAQ:AIRG – Get Rating) in a report released on Sunday. The firm set a “buy” rating on the technology company’s stock.

AIRG has been the topic of several other reports. Craig Hallum lowered their target price on shares of Airgain from $10.00 to $8.00 in a research note on Friday. B. Riley cut their price target on shares of Airgain from $9.00 to $8.00 in a report on Friday, March 10th.

Airgain Price Performance

NASDAQ AIRG opened at $5.54 on Friday. The stock’s fifty day moving average price is $5.67 and its 200 day moving average price is $6.77. Airgain has a 1 year low of $5.00 and a 1 year high of $11.33. The company has a market cap of $57.65 million, a price-to-earnings ratio of -6.52 and a beta of 0.97.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Retirement Solution Inc. purchased a new stake in shares of Airgain in the fourth quarter valued at about $80,000. AE Wealth Management LLC acquired a new position in Airgain during the fourth quarter worth approximately $83,000. Essex Investment Management Co. LLC acquired a new position in Airgain during the third quarter worth approximately $377,000. Blair William & Co. IL increased its position in shares of Airgain by 3.1% in the third quarter. Blair William & Co. IL now owns 796,771 shares of the technology company’s stock worth $5,745,000 after acquiring an additional 23,851 shares in the last quarter. Finally, Schnieders Capital Management LLC acquired a new stake in shares of Airgain in the third quarter worth $74,000. 54.70% of the stock is currently owned by institutional investors and hedge funds.

About Airgain

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Airgain, Inc provides embedded antenna products, integration support and test services. The firm works in partnership with the entire ecosystem, including carriers, chipset suppliers, OEMs, and ODMs. Its products include embedded, external and carrier-class antennas. The company offers custom antenna design and performance validation services.