Airgain (NASDAQ:AIRG) Coverage Initiated at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Airgain (NASDAQ:AIRG) in a research report issued on Monday. The brokerage set a “hold” rating on the technology company’s stock.

Separately, Craig Hallum reduced their price objective on shares of Airgain from $9.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, May 8th.

Airgain Stock Up 8.1%

AIRG stock opened at $4.13 on Monday. The company has a market capitalization of $48.71 million, a price-to-earnings ratio of -3.62 and a beta of 0.87. Airgain has a 12 month low of $3.17 and a 12 month high of $10.34. The firm has a 50 day moving average of $3.92 and a two-hundred day moving average of $6.40.

Airgain (NASDAQ:AIRG) last posted its earnings results on Thursday, February 27th. The technology company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14). Airgain had a negative return on equity of 29.90% and a negative net margin of 21.96%. The business had revenue of $15.08 million during the quarter, compared to the consensus estimate of $16.35 million. On average, research analysts expect that Airgain will post -0.53 EPS for the current fiscal year.

Insider Transactions at Airgain

In related news, CEO Jacob Suen sold 6,982 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $4.16, for a total transaction of $29,045.12. Following the completion of the transaction, the chief executive officer now directly owns 305,546 shares in the company, valued at $1,271,071.36. This represents a 2.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 19,195 shares of company stock worth $88,255. 16.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Airgain

Several large investors have recently bought and sold shares of AIRG. Virtu Financial LLC acquired a new position in Airgain during the 4th quarter valued at $73,000. Marshall Wace LLP acquired a new position in shares of Airgain in the 4th quarter valued at $75,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Airgain in the 4th quarter valued at $107,000. Essex Investment Management Co. LLC acquired a new position in shares of Airgain in the 4th quarter valued at $145,000. Finally, Jane Street Group LLC acquired a new position in shares of Airgain in the 4th quarter valued at $192,000. 52.76% of the stock is currently owned by institutional investors and hedge funds.

About Airgain

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.