Airgain (NASDAQ:AIRG) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Airgain (NASDAQ:AIRG) in a research note issued to investors on Friday. The brokerage issued a hold rating on the technology company’s stock.

Airgain Stock Performance

Airgain stock opened at $5.32 on Friday. The firm has a market capitalization of $57.35 million, a price-to-earnings ratio of -4.66 and a beta of 0.81. Airgain has a fifty-two week low of $1.63 and a fifty-two week high of $6.37. The stock’s fifty day moving average is $5.34 and its two-hundred day moving average is $4.22.

Airgain (NASDAQ:AIRG) last posted its 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). The firm had revenue of $10.07 million during the quarter, compared to analyst estimates of $10.00 million. Airgain had a negative net margin of 22.34% and a negative return on equity of 26.07%. As a group, sell-side analysts forecast that Airgain will post -0.56 EPS for the current fiscal year.

Insider Activity

In other news, CTO Ali Sadri sold 5,379 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $5.10, for a total value of $27,432.90. Following the sale, the chief technology officer now directly owns 96,958 shares in the company, valued at $494,485.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $5.10, for a total value of $27,432.90. Following the sale, the chief technology officer now directly owns 96,958 shares in the company, valued at $494,485.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jacob Suen sold 10,639 shares of the 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 owns 236,275 shares in the company, valued at $1,205,002.50. The disclosure for this sale can be found here. Insiders have sold 23,814 shares of company stock worth $122,510 over the last three months. 15.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Airgain

A hedge fund recently raised its stake in Airgain stock. First Eagle Investment Management LLC increased its holdings in shares of Airgain, Inc. (NASDAQ:AIRG) by 8.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 426,634 shares of the technology company’s stock after buying an additional 32,521 shares during the quarter. First Eagle Investment Management LLC owned about 3.96% of Airgain worth $2,325,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 52.76% of the company’s stock.

About Airgain

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.