Zacks Investment Research upgraded shares of Airgain (NASDAQ:AIRG) from a strong sell rating to a hold rating in a research report report published 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. “
AIRG has been the topic of a number of other research reports. B. Riley lowered their target price on shares of Airgain from $12.50 to $10.00 and set a buy rating on the stock in a research note on Friday, November 10th. Northland Securities restated a buy rating and set a $15.00 target price on shares of Airgain in a research note on Friday, November 10th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $16.10.
In other Airgain news, Director Arthur M. Toscanini sold 8,023 shares of Airgain stock in a transaction on Monday, December 11th. The shares were sold at an average price of $9.34, for a total value of $74,934.82. Following the sale, the director now directly owns 71,587 shares in the company, valued at approximately $668,622.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 23.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cortina Asset Management LLC bought a new stake in Airgain in the 3rd quarter valued at $3,317,000. Commonwealth Equity Services Inc bought a new stake in Airgain in the 3rd quarter valued at $118,000. Bank of New York Mellon Corp increased its holdings in Airgain by 32.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 241,690 shares of the technology company’s stock valued at $2,196,000 after acquiring an additional 59,481 shares during the last quarter. Rice Hall James & Associates LLC bought a new stake in Airgain in the 3rd quarter valued at $1,351,000. Finally, Skylands Capital LLC bought a new stake in Airgain in the 3rd quarter valued at $1,854,000. Institutional investors own 24.50% of the company’s stock.
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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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