Airgain (NASDAQ:AIRG) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Airgain (NASDAQ:AIRG) in a research note published on Tuesday. The firm issued a hold rating on the technology company’s stock.

Airgain Trading Down 1.1 %

AIRG stock opened at $5.24 on Tuesday. Airgain has a 12 month low of $1.63 and a 12 month high of $6.37. The company has a market cap of $56.43 million, a price-to-earnings ratio of -4.40 and a beta of 0.85. The firm has a 50-day moving average of $5.07 and a two-hundred day moving average of $3.97.

Airgain (NASDAQ:AIRG) last issued its earnings results 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 company had revenue of $10.07 million during the quarter, compared to analysts’ expectations 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, equities analysts forecast that Airgain will post -0.44 earnings per share for the current year.

Insider Activity

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Airgain stock. First Eagle Investment Management LLC increased its holdings in shares of Airgain, Inc. (NASDAQ:AIRG) by 8.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 439,680 shares of the technology company’s stock after purchasing an additional 33,103 shares during the period. First Eagle Investment Management LLC owned 4.22% of Airgain worth $1,614,000 as of its most recent SEC filing. 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.