Northland Securities reaffirmed their buy rating on shares of Airgain, Inc. (NASDAQ:AIRG) in a report issued on Friday. The brokerage currently has a $15.00 price target on the technology company’s stock.
AIRG has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Airgain from a hold rating to a sell rating in a report on Tuesday, September 12th. B. Riley dropped their price objective on shares of Airgain from $12.50 to $10.00 and set a buy rating for the company in a research note on Friday. Finally, Cowen and Company reissued a buy rating and issued a $19.00 price objective on shares of Airgain in a research note on Thursday, August 10th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $16.10.
Shares of Airgain (NASDAQ:AIRG) opened at $8.49 on Friday. Airgain has a twelve month low of $7.31 and a twelve month high of $29.30. The company has a current ratio of 5.07, a quick ratio of 5.00 and a debt-to-equity ratio of 0.01. The firm has a market cap of $80.87, a P/E ratio of 30.32 and a beta of 1.49.
In related news, Director Francis X. Egan acquired 10,276 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was acquired at an average price of $8.99 per share, with a total value of $92,381.24. Following the purchase, the director now directly owns 50,000 shares in the company, valued at $449,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.40% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in AIRG. Commonwealth Equity Services Inc acquired a new position in Airgain in the 3rd quarter valued at approximately $118,000. Wells Fargo & Company MN increased its position in Airgain by 723.4% in the 1st quarter. Wells Fargo & Company MN now owns 12,351 shares of the technology company’s stock valued at $187,000 after acquiring an additional 10,851 shares during the period. Menta Capital LLC acquired a new position in Airgain in the 2nd quarter valued at approximately $251,000. UBS Group AG increased its position in Airgain by 125.3% in the 1st quarter. UBS Group AG now owns 25,022 shares of the technology company’s stock valued at $379,000 after acquiring an additional 13,918 shares during the period. Finally, Worth Venture Partners LLC increased its position in Airgain by 56.8% in the 2nd quarter. Worth Venture Partners LLC now owns 62,534 shares of the technology company’s stock valued at $887,000 after acquiring an additional 22,653 shares during the period. Hedge funds and other institutional investors own 32.21% of the company’s stock.
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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