Airgain (NASDAQ:AIRG) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Airgain (NASDAQ:AIRG) in a report released on Tuesday morning. The brokerage issued a hold rating on the technology company’s stock.

Airgain Price Performance

NASDAQ AIRG opened at $5.24 on Tuesday. The firm has a market cap of $56.43 million, a price-to-earnings ratio of -4.40 and a beta of 0.85. The company has a fifty day moving average price of $5.07 and a 200-day moving average price of $3.97. Airgain has a 1 year low of $1.63 and a 1 year high of $6.37.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings results on Wednesday, March 6th. The technology company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.15). Airgain had a negative net margin of 22.18% and a negative return on equity of 24.77%. The company had revenue of $10.07 million for the quarter, compared to the consensus estimate of $10.00 million. On average, research analysts anticipate that Airgain will post -0.44 EPS for the current fiscal year.

Insider Activity at Airgain

In other news, CTO Ali Sadri sold 5,379 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $5.10, for a total value of $27,432.90. Following the completion of the transaction, the chief technology officer now directly owns 96,958 shares in the company, valued at $494,485.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CTO Ali Sadri sold 5,379 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $5.10, for a total value of $27,432.90. Following the transaction, the chief technology officer now owns 96,958 shares of the company’s stock, valued at $494,485.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jacob Suen sold 10,639 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $5.10, for a total value of $54,258.90. Following the transaction, the chief executive officer now directly owns 236,275 shares of the company’s stock, valued at approximately $1,205,002.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,814 shares of company stock worth $122,510. Corporate insiders own 15.30% of the company’s stock.

Hedge Funds Weigh In On Airgain

A hedge fund recently raised its stake in Airgain stock. Perkins Capital Management Inc. boosted its position in Airgain, Inc. (NASDAQ:AIRG) by 2,350.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,820 shares of the technology company’s stock after buying an additional 364,320 shares during the quarter. Airgain makes up approximately 1.2% of Perkins Capital Management Inc.’s portfolio, making the stock its 26th biggest position. Perkins Capital Management Inc. owned about 3.64% of Airgain worth $1,352,000 at the end of the most recent quarter. 52.76% of the stock is currently owned by institutional investors and hedge funds.

Airgain Company Profile

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.