Zacks Investment Research upgraded shares of Airgain (NASDAQ:AIRG) from a strong sell rating to a hold rating in a research note released on Monday.
According to Zacks, “Airgain, Inc. is a provider of embedded antenna technologies. It offers antennas for the devices which are deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways, media adapters and digital televisions. The company also offers residential wireless local area network or wireless fidelity to carriers, original equipment manufacturers, original design manufacturers and system designers. Airgain, Inc. is based in San Diego, United States. “
A number of other equities research analysts have also commented on AIRG. B. Riley reissued a buy rating and issued a $12.50 price target on shares of Airgain in a research report on Wednesday, September 13th. Northland Securities reissued a buy rating and issued a $15.00 price target on shares of Airgain in a research report on Friday, November 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $16.10.
Airgain (AIRG) traded up $0.12 during midday trading on Monday, reaching $9.38. The company had a trading volume of 31,800 shares, compared to its average volume of 70,343. The stock has a market cap of $89.80 and a price-to-earnings ratio of 55.18. Airgain has a twelve month low of $7.31 and a twelve month high of $18.20. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.02 and a quick ratio of 4.95.
In other news, Director Arthur M. Toscanini sold 8,023 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $9.34, for a total transaction of $74,934.82. Following the completion of the sale, the director now directly owns 71,587 shares of the company’s stock, valued at approximately $668,622.58. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 23.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in AIRG. Bank of New York Mellon Corp increased its position in shares of Airgain by 24.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 182,209 shares of the technology company’s stock valued at $2,584,000 after purchasing an additional 35,639 shares during the last quarter. Menta Capital LLC purchased a new stake in shares of Airgain during the 2nd quarter valued at $251,000. Vanguard Group Inc. increased its position in shares of Airgain by 14.7% during the 2nd quarter. Vanguard Group Inc. now owns 253,971 shares of the technology company’s stock valued at $3,601,000 after purchasing an additional 32,587 shares during the last quarter. Hood River Capital Management LLC increased its position in shares of Airgain by 16.4% during the 2nd quarter. Hood River Capital Management LLC now owns 414,879 shares of the technology company’s stock valued at $5,883,000 after purchasing an additional 58,444 shares during the last quarter. Finally, Worth Venture Partners LLC increased its position in shares of Airgain by 56.8% during the 2nd quarter. Worth Venture Partners LLC now owns 62,534 shares of the technology company’s stock valued at $887,000 after purchasing an additional 22,653 shares during the last quarter. 24.50% of the stock is owned by hedge funds and other institutional investors.
Airgain Company Profile
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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