StockNews.com Initiates Coverage on Airgain (NASDAQ:AIRG)

Analysts at StockNews.com started coverage on shares of Airgain (NASDAQ:AIRG) in a report released on Monday. The firm set a “hold” rating on the technology company’s stock.

Airgain Trading Down 0.8 %

AIRG opened at $5.29 on Monday. The business’s 50 day moving average is $4.88 and its 200-day moving average is $3.87. The stock has a market cap of $55.60 million, a PE ratio of -4.45 and a beta of 0.85. Airgain has a twelve month low of $1.63 and a twelve month high of $6.37.

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

Insider Transactions at Airgain

In other news, CEO Jacob Suen sold 10,639 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 236,275 shares in the company, valued at $1,205,002.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Airgain news, CTO Ali Sadri sold 5,379 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief technology officer now directly owns 96,958 shares in the company, valued at $494,485.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jacob Suen sold 10,639 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 236,275 shares of the company’s stock, valued at $1,205,002.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,814 shares of company stock worth $122,510. Company insiders own 15.30% of the company’s stock.

Institutional Investors Weigh In On Airgain

Institutional investors and hedge funds have recently modified their holdings of the stock. Perkins Capital Management Inc. lifted its position in shares of Airgain by 2,350.5% during the 4th quarter. Perkins Capital Management Inc. now owns 379,820 shares of the technology company’s stock valued at $1,352,000 after acquiring an additional 364,320 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of Airgain by 8.1% during the 3rd quarter. First Eagle Investment Management LLC now owns 439,680 shares of the technology company’s stock valued at $1,614,000 after acquiring an additional 33,103 shares during the last quarter. Trexquant Investment LP lifted its position in shares of Airgain by 7.1% during the 3rd quarter. Trexquant Investment LP now owns 29,271 shares of the technology company’s stock valued at $211,000 after acquiring an additional 1,946 shares during the last quarter. Northern Trust Corp lifted its position in shares of Airgain by 171.6% during the 4th quarter. Northern Trust Corp now owns 45,228 shares of the technology company’s stock valued at $161,000 after acquiring an additional 28,578 shares during the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Airgain by 14.9% during the 2nd quarter. Citadel Advisors LLC now owns 14,927 shares of the technology company’s stock valued at $121,000 after acquiring an additional 1,934 shares during the last quarter. Institutional investors and hedge funds own 52.76% of the company’s stock.

Airgain Company Profile

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.