Airgain, Inc. (NASDAQ:AIRG) Stock Has Consensus Price Target of $7.70 According to Brokerages

Shares of Airgain, Inc. (NASDAQ:AIRG) have earned a consensus rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $7.70.

A number of research analysts recently weighed in on AIRG shares. Wall Street Zen downgraded shares of Airgain from a “buy” rating to a “hold” rating in a research report on Sunday, October 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airgain in a research report on Wednesday.

Insider Activity

In other Airgain news, Director James K. Sims bought 8,269 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was bought at an average cost of $5.11 per share, for a total transaction of $42,254.59. Following the completion of the transaction, the director owned 457,733 shares of the company’s stock, valued at $2,339,015.63. This represents a 1.84% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 16,500 shares of company stock valued at $84,821 over the last quarter. Company insiders own 17.50% of the company’s stock.

Institutional Investors Weigh In On Airgain

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in Airgain by 4.6% during the first quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock valued at $1,850,000 after acquiring an additional 14,700 shares during the period. BlackRock Inc. bought a new position in shares of Airgain in the second quarter worth about $1,355,000. Whitcomb & Hess Inc. boosted its stake in shares of 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 acquiring an additional 5,909 shares during the period. AXQ Capital LP purchased a new stake in shares of Airgain during the second quarter worth about $79,000. Finally, Bank of America Corp DE purchased a new stake in shares of Airgain during the second quarter worth about $77,000. 52.76% of the stock is owned by hedge funds and other institutional investors.

Airgain Stock Performance

Airgain stock opened at $4.05 on Friday. The firm has a 50 day simple moving average of $4.88 and a 200 day simple moving average of $5.86. Airgain has a 1-year low of $3.00 and a 1-year high of $7.66. The firm has a market capitalization of $53.05 million, a price-to-earnings ratio of -7.23 and a beta of 0.91.

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

About Airgain

Airgain, Inc is a wireless connectivity company that designs and develops antenna systems, embedded components and related products for connected devices and networks. Its technologies are intended to improve the performance, reliability and coverage of wireless communications across cellular, Wi-Fi and other radio-frequency applications.

The company serves markets including automotive, consumer electronics, enterprise networking, public safety, fixed wireless access and the Internet of Things.