Airgain (NASDAQ:AIRG) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Airgain (NASDAQ:AIRG) from a hold rating to a buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings upgraded Airgain from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Airgain presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.70.

Airgain Stock Up 1.5%

Shares of AIRG opened at $4.04 on Friday. The firm has a market cap of $52.92 million, a price-to-earnings ratio of -7.21 and a beta of 0.91. The company’s fifty day moving average is $5.17 and its 200-day moving average is $5.94. Airgain has a 12 month low of $3.00 and a 12 month high of $7.66.

Airgain (NASDAQ:AIRG) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $13.70 million during the quarter, compared to analyst estimates of $13.45 million. Airgain had a negative net margin of 13.65% and a negative return on equity of 13.72%. Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. As a group, research analysts predict that Airgain will post -0.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director James K. Sims acquired 8,269 shares of Airgain stock in a transaction on Tuesday, September 1st. The stock was bought at an average price of $5.11 per share, for a total transaction of $42,254.59. Following the transaction, the director owned 457,733 shares of the company’s stock, valued at $2,339,015.63. The trade was a 1.84% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders purchased 16,500 shares of company stock valued at $84,821. Corporate insiders own 17.50% of the company’s stock.

Institutional Trading of Airgain

A number of institutional investors and hedge funds have recently modified their holdings of the company. Whitcomb & Hess Inc. lifted its position in Airgain by 10.4% in the third quarter. Whitcomb & Hess Inc. now owns 62,615 shares of the technology company’s stock worth $311,000 after purchasing an additional 5,909 shares during the period. AXQ Capital LP bought a new stake in Airgain in the 2nd quarter valued at $79,000. Bank of America Corp DE acquired a new position in shares of Airgain in the 2nd quarter valued at $77,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Airgain in the 2nd quarter valued at $74,000. Finally, BlackRock Inc. bought a new position in shares of Airgain during the 2nd quarter worth about $1,355,000. 52.76% of the stock is currently owned by institutional investors.

About Airgain

Airgain, Inc is a wireless connectivity company that develops and supplies antenna and communications solutions for connected devices and networks. Its products are designed to help devices connect reliably to cellular, Wi-Fi, and other wireless networks across a range of operating environments.

The company offers embedded and external antenna systems, cellular connectivity products, and related hardware and software solutions. Its portfolio supports applications including consumer broadband equipment, enterprise networking, automotive and transportation systems, industrial and public-safety communications, and other Internet of Things deployments.