Airgain (AIRG) Upgraded at Zacks Investment Research

Airgain (NASDAQ:AIRG) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, January 8th.

According to Zacks, “Airgain, Inc. is a provider of embedded antenna technologies. It offers antennas for the devices which are deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways, media adapters and digital televisions. The company also offers residential wireless local area network or wireless fidelity to carriers, original equipment manufacturers, original design manufacturers and system designers. Airgain, Inc. is based in San Diego, United States. “

A number of other analysts have also recently weighed in on the company. Northland Securities reiterated a “buy” rating and issued a $15.00 price target on shares of Airgain in a research report on Friday, November 10th. B. Riley decreased their target price on Airgain from $12.50 to $10.00 and set a “buy” rating on the stock in a report on Friday, November 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Airgain presently has an average rating of “Buy” and a consensus price target of $16.10.

Shares of Airgain (AIRG) traded up $0.07 during trading on Monday, hitting $9.27. The stock had a trading volume of 156,700 shares, compared to its average volume of 58,167. The firm has a market cap of $88.79 and a price-to-earnings ratio of 54.53. The company has a current ratio of 5.02, a quick ratio of 4.95 and a debt-to-equity ratio of 0.01. Airgain has a fifty-two week low of $7.31 and a fifty-two week high of $18.20.

Airgain (NASDAQ:AIRG) last issued its quarterly earnings results on Thursday, November 9th. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Airgain had a return on equity of 5.95% and a net margin of 3.34%. equities research analysts predict that Airgain will post 0.07 EPS for the current year.

In related news, Director Arthur M. Toscanini sold 8,023 shares of the stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $9.34, for a total transaction of $74,934.82. Following the completion of the transaction, the director now directly owns 71,587 shares in the company, valued at $668,622.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 23.40% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc acquired a new stake in Airgain during the 3rd quarter worth approximately $118,000. Menta Capital LLC acquired a new position in Airgain in the 2nd quarter valued at $251,000. Worth Venture Partners LLC increased its stake in shares of Airgain by 56.8% in the 2nd quarter. Worth Venture Partners LLC now owns 62,534 shares of the technology company’s stock valued at $887,000 after purchasing an additional 22,653 shares during the last quarter. Rice Hall James & Associates LLC bought a new position in shares of Airgain in the 3rd quarter valued at $1,351,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Airgain by 24.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 182,209 shares of the technology company’s stock valued at $2,584,000 after purchasing an additional 35,639 shares during the last quarter. 24.50% of the stock is owned by institutional investors.

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About Airgain

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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