Airgain, Inc. (AIRG) Given Consensus Rating of “Buy” by Analysts
Shares of Airgain, Inc. (NASDAQ:AIRG) have been given an average rating of “Buy” by the six analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $17.01.
A number of equities research analysts recently weighed in on AIRG shares. Zacks Investment Research cut Airgain from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. B. Riley restated a “buy” rating and set a $12.50 price objective on shares of Airgain in a research note on Friday, September 8th. Finally, Cowen and Company restated a “buy” rating and set a $19.00 price objective on shares of Airgain in a research note on Thursday, August 10th.
Airgain (AIRG) opened at 8.72 on Wednesday. The stock’s 50 day moving average price is $9.11 and its 200 day moving average price is $9.10. Airgain has a one year low of $8.37 and a one year high of $29.30. The company has a market capitalization of $83.22 million, a P/E ratio of 34.20 and a beta of 1.70.
In related news, Director Francis X. Egan acquired 10,276 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average cost of $8.99 per share, for a total transaction of $92,381.24. Following the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $449,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 23.40% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its position in Airgain by 723.4% during the 1st quarter. Wells Fargo & Company MN now owns 12,351 shares of the technology company’s stock valued at $187,000 after buying an additional 10,851 shares in the last quarter. Citadel Advisors LLC acquired a new position in Airgain during the 1st quarter valued at about $229,000. Menta Capital LLC acquired a new position in Airgain during the 2nd quarter valued at about $251,000. UBS Group AG increased its position in Airgain by 125.3% during the 1st quarter. UBS Group AG now owns 25,022 shares of the technology company’s stock valued at $379,000 after buying an additional 13,918 shares in the last quarter. Finally, Worth Venture Partners LLC increased its position in Airgain by 56.8% during the 2nd quarter. Worth Venture Partners LLC now owns 62,534 shares of the technology company’s stock valued at $887,000 after buying an additional 22,653 shares in the last quarter. 37.78% of the stock is currently owned by institutional investors.
Airgain Company Profile
Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.
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