Zacks Investment Research upgraded shares of Airgain (NASDAQ:AIRG) from a hold rating to a buy rating in a research report report published on Friday. The firm currently has $12.00 price objective on the technology company’s stock.
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. “
Other research analysts have also recently issued research reports about the stock. Northland Securities restated a buy rating and set a $15.00 target price on shares of Airgain in a report on Friday, November 10th. B. Riley reduced their target price on shares of Airgain from $12.50 to $10.00 and set a buy rating for the company in a report on Friday, November 10th.
Airgain (NASDAQ:AIRG) last announced its earnings results on Thursday, February 15th. The technology company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.05. Airgain had a net margin of 2.30% and a return on equity of 4.82%. The business had revenue of $12.81 million during the quarter, compared to analysts’ expectations of $12.73 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. analysts forecast that Airgain will post 0.17 EPS for the current fiscal year.
In other Airgain news, Director Arthur M. Toscanini sold 8,023 shares of the stock in a transaction on Monday, December 11th. The shares were sold at an average price of $9.34, for a total value of $74,934.82. Following the completion of the sale, the director now owns 71,587 shares in the company, valued at $668,622.58. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles A. Myers sold 15,000 shares of the stock in a transaction on Friday, January 19th. The shares were sold at an average price of $10.00, for a total transaction of $150,000.00. The disclosure for this sale can be found here. Company insiders own 23.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in AIRG. Millennium Management LLC acquired a new stake in Airgain in the fourth quarter valued at $102,000. Commonwealth Equity Services Inc acquired a new stake in Airgain in the third quarter valued at $118,000. Lake Street Advisors Group LLC acquired a new stake in Airgain in the fourth quarter valued at $314,000. Worth Venture Partners LLC lifted its stake in Airgain by 50.1% in the fourth quarter. Worth Venture Partners LLC now owns 67,982 shares of the technology company’s stock valued at $611,000 after acquiring an additional 22,690 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC acquired a new stake in Airgain in the fourth quarter valued at $1,184,000. Hedge funds and other institutional investors own 27.97% of the company’s stock.
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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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