Airgain, Inc. (NASDAQ:AIRG) had its price objective lowered by B. Riley from $12.50 to $10.00 in a research report sent to investors on Friday morning, MarketBeat reports. The brokerage currently has a buy rating on the technology company’s stock.
Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Airgain from a hold rating to a strong sell rating in a research note on Thursday, August 17th. Cowen and Company reaffirmed a buy rating and issued a $19.00 price target 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 assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $16.10.
Shares of Airgain (NASDAQ:AIRG) traded up $0.50 during trading on Friday, reaching $8.49. 329,000 shares of the company were exchanged, compared to its average volume of 173,280. The stock has a market cap of $80.87, a price-to-earnings ratio of 30.32 and a beta of 1.49. Airgain has a 1 year low of $7.31 and a 1 year high of $29.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.07 and a quick ratio of 5.00.
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In other Airgain news, Director Francis X. Egan bought 10,276 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were acquired at an average cost of $8.99 per share, with a total value of $92,381.24. Following the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $449,500. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 23.40% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its stake in Airgain by 723.4% in the 1st quarter. Wells Fargo & Company MN now owns 12,351 shares of the technology company’s stock worth $187,000 after purchasing an additional 10,851 shares in the last quarter. Skylands Capital LLC purchased a new position in Airgain in the 3rd quarter worth approximately $1,854,000. Bank of New York Mellon Corp lifted its stake in Airgain by 90.5% in the 1st quarter. Bank of New York Mellon Corp now owns 146,570 shares of the technology company’s stock worth $2,222,000 after purchasing an additional 69,624 shares in the last quarter. Underhill Investment Management LLC increased its holdings in shares of Airgain by 64.0% during the 2nd quarter. Underhill Investment Management LLC now owns 207,000 shares of the technology company’s stock worth $2,935,000 after buying an additional 80,750 shares during the last quarter. Finally, Menta Capital LLC acquired a new stake in shares of Airgain during the 2nd quarter worth approximately $251,000. 32.21% of the stock is currently owned by institutional investors and hedge funds.
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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