Granahan Investment Management LLC increased its position in Airgain, Inc. (NASDAQ:AIRG – Get Rating) by 1.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 510,509 shares of the technology company’s stock after purchasing an additional 6,247 shares during the period. Granahan Investment Management LLC owned 5.01% of Airgain worth $3,870,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Airgain by 3.6% in the first quarter. Vanguard Group Inc. now owns 483,958 shares of the technology company’s stock worth $3,668,000 after purchasing an additional 16,859 shares in the last quarter. Blair William & Co. IL boosted its stake in Airgain by 16.7% in the first quarter. Blair William & Co. IL now owns 739,511 shares of the technology company’s stock valued at $5,605,000 after acquiring an additional 105,601 shares during the period. Dimensional Fund Advisors LP boosted its stake in Airgain by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 188,429 shares of the technology company’s stock valued at $1,428,000 after acquiring an additional 1,972 shares during the period. Advisor Group Holdings Inc. boosted its stake in Airgain by 30.7% in the first quarter. Advisor Group Holdings Inc. now owns 4,916 shares of the technology company’s stock valued at $38,000 after acquiring an additional 1,154 shares during the period. Finally, Taylor Frigon Capital Management LLC boosted its stake in Airgain by 0.6% in the first quarter. Taylor Frigon Capital Management LLC now owns 281,565 shares of the technology company’s stock valued at $2,134,000 after acquiring an additional 1,762 shares during the period. 62.17% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. TheStreet downgraded Airgain from a “c-” rating to a “d+” rating in a research note on Friday, August 26th. StockNews.com upgraded Airgain from a “sell” rating to a “hold” rating in a research note on Monday, May 23rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Airgain currently has an average rating of “Hold” and a consensus price target of $12.33.
Insider Buying and Selling
Airgain Trading Up 4.6 %
AIRG opened at $7.54 on Friday. The business’s 50 day moving average is $8.06 and its 200-day moving average is $8.51. The stock has a market cap of $76.91 million, a PE ratio of -6.44 and a beta of 0.98. Airgain, Inc. has a twelve month low of $6.75 and a twelve month high of $14.04.
Airgain (NASDAQ:AIRG – Get Rating) last released its quarterly earnings results on Thursday, August 11th. The technology company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.03. Airgain had a negative return on equity of 17.66% and a negative net margin of 17.85%. The company had revenue of $19.29 million for the quarter, compared to analysts’ expectations of $19.26 million. During the same quarter in the previous year, the company posted ($0.04) earnings per share. As a group, analysts forecast that Airgain, Inc. will post -0.46 EPS for the current year.
Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, vertical markets, chipset vendors, service providers, value-added resellers and software developers worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; SmartMax embedded antennas; and MaxBeam carrier class antennas, as well as automotive, fleet, public safety, and machine-to-machine antennas under the Antenna Plus brand.
- Get a free copy of the StockNews.com research report on Airgain (AIRG)
- MarketBeat: Week in Review 9/5 – 9/9
- Prepare For A Record-Setting Quarter For Cyber Security Stocks
- The Auto Market Is Slowly Recovering, These Stocks May Outperform
- Is DocuSign On The Verge Of A Major Reversal?
- Oil and Gas Stocks: A Safe Way to Invest in Renewable Energy
Receive News & Ratings for Airgain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airgain and related companies with MarketBeat.com's FREE daily email newsletter.