Airgain, Inc. (NASDAQ:AIRG)‘s stock had its “buy” rating reaffirmed by investment analysts at Northland Securities in a report released on Friday, November 10th. They currently have a $15.00 price objective on the technology company’s stock. Northland Securities’ price target indicates a potential upside of 52.28% from the stock’s previous close.
Several other equities research analysts have also commented on the stock. Zacks Investment Research lowered shares of Airgain from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. B. Riley reduced their price target on shares of Airgain from $12.50 to $10.00 and set a “buy” rating for the company in a research report on Friday, November 10th. Finally, Cowen and Company restated a “buy” rating and set a $19.00 price target on shares of Airgain in a research report on Thursday, August 10th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Airgain has a consensus rating of “Buy” and a consensus price target of $16.10.
Shares of Airgain (NASDAQ:AIRG) traded up $0.29 during mid-day trading on Friday, hitting $9.85. The stock had a trading volume of 205,908 shares, compared to its average volume of 170,993. The firm has a market capitalization of $94.35 and a P/E ratio of 33.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.95 and a current ratio of 5.02. Airgain has a 1-year low of $7.31 and a 1-year high of $27.97.
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In related news, Director Francis X. Egan acquired 10,276 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average price of $8.99 per share, with a total value of $92,381.24. Following the transaction, the director now owns 50,000 shares of the company’s stock, valued at approximately $449,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.40% of the company’s stock.
A number of hedge funds have recently modified their holdings of AIRG. Commonwealth Equity Services Inc acquired a new stake in shares of Airgain in the 3rd quarter valued at $118,000. Wells Fargo & Company MN raised its holdings in shares of 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 purchasing an additional 10,851 shares in the last quarter. Menta Capital LLC acquired a new stake in shares of Airgain in the 2nd quarter valued at $251,000. UBS Group AG raised its holdings in shares of 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 purchasing an additional 13,918 shares in the last quarter. Finally, Worth Venture Partners LLC raised its holdings in shares of 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 purchasing an additional 22,653 shares in the last quarter. 32.82% of the stock is owned by institutional investors.
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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