UBS Group AG increased its position in Airgain, Inc. (NASDAQ:AIRG) by 125.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,022 shares of the technology company’s stock after buying an additional 13,918 shares during the period. UBS Group AG’s holdings in Airgain were worth $379,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN raised its stake in shares of Airgain by 723.4% in the first quarter. Wells Fargo & Company MN now owns 12,351 shares of the technology company’s stock worth $187,000 after buying an additional 10,851 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Airgain by 90.5% in the first quarter. Bank of New York Mellon Corp now owns 146,570 shares of the technology company’s stock worth $2,222,000 after buying an additional 69,624 shares in the last quarter. Worth Venture Partners LLC acquired a new stake in shares of Airgain during the first quarter worth about $605,000. Blair William & Co. IL acquired a new stake in shares of Airgain during the first quarter worth about $264,000. Finally, Sigma Planning Corp raised its stake in shares of Airgain by 41.9% in the first quarter. Sigma Planning Corp now owns 34,697 shares of the technology company’s stock worth $526,000 after buying an additional 10,250 shares in the last quarter. Institutional investors and hedge funds own 34.79% of the company’s stock.
Shares of Airgain, Inc. (NASDAQ:AIRG) traded down 3.80% during trading on Friday, hitting $9.63. The company had a trading volume of 212,324 shares. The firm has a market capitalization of $91.68 million and a P/E ratio of 24.14. Airgain, Inc. has a 52-week low of $9.36 and a 52-week high of $29.30. The stock’s 50-day moving average is $13.47 and its 200 day moving average is $14.25.
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Several research analysts have commented on AIRG shares. Zacks Investment Research upgraded Airgain from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Thursday, June 8th. Cowen and Company restated a “buy” rating and set a $19.00 target price on shares of Airgain in a research note on Thursday. Finally, B. Riley restated a “buy” rating and set a $17.00 target price on shares of Airgain in a research note on Wednesday. Seven investment analysts have rated the stock with a buy rating, Airgain presently has a consensus rating of “Buy” and a consensus target price of $18.09.
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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