Airgain, Inc. (NASDAQ:AIRG) Stock Has Average Target Price of $7.70

Airgain, Inc. (NASDAQ:AIRG) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $7.70.

Separately, Weiss Ratings upgraded Airgain from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 23rd.

Insider Transactions at Airgain

In other Airgain news, Director James K. Sims purchased 8,269 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was bought at an average cost of $5.11 per share, with a total value of $42,254.59. Following the acquisition, the director owned 457,733 shares of the company’s stock, valued at $2,339,015.63. The trade was a 1.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 17.50% of the company’s stock.

Hedge Funds Weigh In On Airgain

Several large investors have recently made changes to their positions in AIRG. Renaissance Technologies LLC increased its stake in shares of Airgain by 4.6% in the first quarter. Renaissance Technologies LLC now owns 336,336 shares of the technology company’s stock valued at $1,850,000 after buying an additional 14,700 shares in the last quarter. BlackRock Inc. bought a new stake in Airgain in the 2nd quarter valued at $1,355,000. Whitcomb & Hess Inc. boosted its position in Airgain by 36.0% during the second quarter. Whitcomb & Hess Inc. now owns 56,706 shares of the technology company’s stock valued at $357,000 after purchasing an additional 15,022 shares during the last quarter. AXQ Capital LP acquired a new position in shares of Airgain during the 2nd quarter worth approximately $79,000. Finally, Bank of America Corp DE acquired a new position in shares of Airgain during the 2nd quarter worth approximately $77,000. Institutional investors and hedge funds own 52.76% of the company’s stock.

Airgain Trading Up 8.5%

AIRG opened at $4.61 on Monday. The firm has a market capitalization of $60.39 million, a PE ratio of -8.23 and a beta of 0.91. Airgain has a twelve month low of $3.00 and a twelve month high of $7.66. The firm’s 50-day moving average price is $5.33 and its 200 day moving average price is $5.94.

Airgain (NASDAQ:AIRG) last posted its earnings results on Wednesday, August 5th. The technology company reported $0.02 earnings per share for the quarter. The company had revenue of $13.70 million for the quarter, compared to analyst estimates of $13.45 million. Airgain had a negative net margin of 13.65% and a negative return on equity of 13.72%. Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. As a group, analysts predict that Airgain will post -0.19 earnings per share for the current fiscal year.

About Airgain

Airgain, Inc (NASDAQ: AIRG) develops wireless connectivity solutions that help devices and systems communicate reliably over cellular, Wi-Fi and other wireless networks. Its products are designed for applications across the automotive, broadband, enterprise, industrial and Internet of Things markets.

The company offers embedded and external antenna systems, radio-frequency components, routers and other connectivity hardware. Its solutions support technologies such as 4G LTE, 5G, Wi-Fi, GNSS and vehicle-to-everything communications, and are used in products including connected vehicles, fleet equipment, fixed wireless access systems, industrial devices and networking equipment.

Airgain also provides engineering, product-development, testing and certification services to help customers integrate wireless connectivity into their products.