Airgain (NASDAQ:AIRG) Now Covered by Lake Street Capital

Equities research analysts at Lake Street Capital began coverage on shares of Airgain (NASDAQ:AIRG) in a note issued to investors on Wednesday, Marketbeat.com reports. The firm set a “buy” rating and a $6.00 price target on the technology company’s stock. Lake Street Capital’s price objective would suggest a potential upside of 47.89% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Airgain in a research note on Wednesday, October 8th. Craig Hallum decreased their target price on shares of Airgain from $7.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, November 13th. Finally, Northland Securities lowered their price target on Airgain from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, November 17th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Airgain presently has an average rating of “Moderate Buy” and an average target price of $6.25.

Airgain Stock Performance

NASDAQ:AIRG opened at $4.06 on Wednesday. The stock has a market capitalization of $48.51 million, a PE ratio of -8.14 and a beta of 0.87. Airgain has a fifty-two week low of $3.00 and a fifty-two week high of $8.47. The company has a fifty day moving average of $4.02 and a two-hundred day moving average of $4.21.

Airgain (NASDAQ:AIRG) last released its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Airgain had a negative net margin of 10.87% and a negative return on equity of 16.03%. The firm had revenue of $14.02 million during the quarter, compared to the consensus estimate of $14.13 million. Airgain has set its Q4 2025 guidance at 0.000-0.000 EPS. Research analysts forecast that Airgain will post -0.53 earnings per share for the current year.

Hedge Funds Weigh In On Airgain

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Marathon Capital Management acquired a new position in shares of Airgain during the second quarter worth $42,000. Susquehanna International Group LLP purchased a new stake in Airgain during the 3rd quarter worth $91,000. Citadel Advisors LLC lifted its holdings in Airgain by 270.1% in the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after buying an additional 43,214 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Airgain by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock valued at $167,000 after buying an additional 7,500 shares during the last quarter. Hedge funds and other institutional investors own 52.76% of the company’s stock.

Airgain Company Profile

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.