Airgain (NASDAQ:AIRG) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Airgain (NASDAQ:AIRGFree Report) in a research note released on Friday morning. The brokerage issued a hold rating on the technology company’s stock.

Airgain Trading Up 0.7 %

NASDAQ AIRG opened at $5.45 on Friday. The company has a market cap of $57.28 million, a PE ratio of -4.58 and a beta of 0.81. Airgain has a 12 month low of $1.63 and a 12 month high of $6.37. The stock has a 50 day moving average of $4.45 and a 200-day moving average of $3.72.

Airgain (NASDAQ:AIRGGet Free Report) last released its quarterly earnings data on Wednesday, March 6th. The technology company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.15). The company had revenue of $10.07 million during the quarter, compared to analyst estimates of $10.00 million. Airgain had a negative net margin of 22.18% and a negative return on equity of 24.77%. As a group, sell-side analysts predict that Airgain will post -0.44 EPS for the current fiscal year.

Insider Activity at Airgain

In related news, CEO Jacob Suen sold 10,639 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $5.10, for a total value of $54,258.90. Following the sale, the chief executive officer now owns 236,275 shares in the company, valued at approximately $1,205,002.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Airgain news, CEO Jacob Suen sold 10,639 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $5.10, for a total transaction of $54,258.90. Following the transaction, the chief executive officer now owns 236,275 shares in the company, valued at approximately $1,205,002.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Ali Sadri sold 5,379 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $5.10, for a total value of $27,432.90. Following the transaction, the chief technology officer now owns 96,958 shares in the company, valued at approximately $494,485.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,814 shares of company stock worth $122,510. Company insiders own 15.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. increased its position in Airgain by 30.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,916 shares of the technology company’s stock worth $38,000 after buying an additional 1,154 shares during the period. Citadel Advisors LLC increased its position in shares of Airgain by 14.9% in the second quarter. Citadel Advisors LLC now owns 14,927 shares of the technology company’s stock worth $121,000 after purchasing an additional 1,934 shares during the period. Trexquant Investment LP increased its position in shares of Airgain by 7.1% in the third quarter. Trexquant Investment LP now owns 29,271 shares of the technology company’s stock worth $211,000 after purchasing an additional 1,946 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Airgain by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 188,429 shares of the technology company’s stock worth $1,428,000 after purchasing an additional 1,972 shares during the period. Finally, Engineers Gate Manager LP increased its position in shares of Airgain by 18.4% in the first quarter. Engineers Gate Manager LP now owns 14,254 shares of the technology company’s stock worth $108,000 after purchasing an additional 2,214 shares during the period. Institutional investors own 52.76% of the company’s stock.

About Airgain

(Get Free Report)

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.

See Also

Receive News & Ratings for Airgain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airgain and related companies with MarketBeat.com's FREE daily email newsletter.