JPMorgan Chase & Co. raised its stake in Airgain Inc (NASDAQ:AIRG) by 46.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,216 shares of the technology company’s stock after buying an additional 16,168 shares during the period. JPMorgan Chase & Co. owned approximately 0.53% of Airgain worth $378,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp raised its stake in Airgain by 19.1% during the 4th quarter. State Street Corp now owns 146,849 shares of the technology company’s stock valued at $1,570,000 after purchasing an additional 23,568 shares during the period. Panagora Asset Management Inc. raised its stake in Airgain by 89.6% during the 4th quarter. Panagora Asset Management Inc. now owns 67,552 shares of the technology company’s stock valued at $722,000 after purchasing an additional 31,920 shares during the period. Renaissance Technologies LLC raised its stake in Airgain by 19.9% during the 4th quarter. Renaissance Technologies LLC now owns 379,410 shares of the technology company’s stock valued at $4,056,000 after purchasing an additional 63,100 shares during the period. UBS Group AG raised its stake in Airgain by 5.6% during the 4th quarter. UBS Group AG now owns 46,081 shares of the technology company’s stock valued at $493,000 after purchasing an additional 2,435 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Airgain during the 4th quarter valued at $116,000. 50.96% of the stock is currently owned by institutional investors.
Several research firms have recently commented on AIRG. ValuEngine upgraded shares of Airgain from a “hold” rating to a “buy” rating in a report on Tuesday, March 3rd. Zacks Investment Research cut shares of Airgain from a “buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, B. Riley boosted their price target on shares of Airgain from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $9.50.
Airgain (NASDAQ:AIRG) last issued its quarterly earnings data on Thursday, May 7th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.02). The business had revenue of $11.22 million during the quarter, compared to the consensus estimate of $11.00 million. Airgain had a negative return on equity of 1.29% and a negative net margin of 1.18%. On average, equities analysts anticipate that Airgain Inc will post -0.4 earnings per share for the current year.
In other Airgain news, CFO David Lyle acquired 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average cost of $7.78 per share, for a total transaction of $93,360.00. Corporate insiders own 10.30% of the company’s stock.
Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, service providers, and value added resellers and distributors worldwide. Its products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; OmniMax high performance external antennas; MaxBeam carrier class antennas; and SmartMax embedded antennas, as well as automotive, fleet, public safety, and M2M antennas.
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