Airgain, Inc. (NASDAQ:AIRG) Receives $6.20 Consensus Target Price from Analysts

Shares of Airgain, Inc. (NASDAQ:AIRG) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $6.20.

Several analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Airgain in a report on Wednesday, January 21st. Craig Hallum decreased their price target on shares of Airgain from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Lake Street Capital started coverage on shares of Airgain in a research note on Wednesday, January 21st. They issued a “buy” rating and a $6.00 price objective for the company. Royal Bank Of Canada set a $6.00 target price on shares of Airgain in a research report on Wednesday, January 21st. Finally, Northland Securities cut their price target on shares of Airgain from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday, November 17th.

Insider Transactions at Airgain

In other Airgain news, CEO Jacob Suen sold 15,993 shares of Airgain stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $4.00, for a total transaction of $63,972.00. Following the completion of the transaction, the chief executive officer directly owned 293,635 shares of the company’s stock, valued at approximately $1,174,540. This trade represents a 5.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 44,179 shares of company stock worth $188,273 in the last three months. Corporate insiders own 17.80% of the company’s stock.

Institutional Trading of Airgain

Large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in Airgain during the 4th quarter valued at $44,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in Airgain in the 4th quarter valued at about $934,000. Susquehanna International Group LLP bought a new position in shares of Airgain in the third quarter worth about $91,000. Citadel Advisors LLC lifted its position in shares of Airgain by 270.1% during the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after purchasing an additional 43,214 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Airgain by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock valued at $167,000 after purchasing an additional 7,500 shares during the last quarter. 52.76% of the stock is owned by institutional investors.

Airgain Trading Down 0.4%

AIRG opened at $5.12 on Friday. The business has a 50 day moving average of $4.42 and a 200-day moving average of $4.26. The stock has a market capitalization of $61.24 million, a price-to-earnings ratio of -10.24 and a beta of 0.94. Airgain has a 1-year low of $3.00 and a 1-year high of $7.11.

About Airgain

Airgain, Inc (NASDAQ: AIRG) is a provider of intelligent wireless connectivity solutions designed to enhance data transmission, network performance and antenna efficiency for a range of devices. Headquartered in San Diego, California, the company develops both embedded and external antenna systems, as well as associated connectivity software, to support wireless applications across cellular, Wi-Fi, machine-to-machine (M2M) and Internet of Things (IoT) markets.

The company’s product portfolio includes modular smart antennas, parallel path phase-diversity antennas and advanced array antenna solutions that are optimized for environments such as smart homes, industrial automation, transportation and enterprise networking.