Airgain (NASDAQ:AIRG) Given Outperform Rating at Northland Securities

Airgain (NASDAQ:AIRG)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Northland Securities in a report issued on Wednesday,Benzinga reports. They presently have a $11.50 price target on the technology company’s stock, up from their prior price target of $8.00. Northland Securities’ target price would suggest a potential upside of 11.76% from the stock’s current price.

Separately, Craig Hallum increased their price objective on Airgain from $5.00 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th.

Airgain Trading Up 3.3 %

AIRG opened at $10.29 on Wednesday. Airgain has a 1-year low of $1.80 and a 1-year high of $10.34. The stock has a market capitalization of $116.28 million, a price-to-earnings ratio of -8.87 and a beta of 0.69. The business has a 50 day moving average of $8.47 and a 200-day moving average of $7.02.

Institutional Investors Weigh In On Airgain

Several institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE increased its holdings in Airgain by 3.7% in the 3rd quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock valued at $502,000 after buying an additional 2,400 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Airgain by 0.8% in the 2nd quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company’s stock worth $2,128,000 after purchasing an additional 2,800 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Airgain by 195.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 36,277 shares of the technology company’s stock worth $274,000 after purchasing an additional 24,000 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in Airgain by 8.3% during the 1st quarter. First Eagle Investment Management LLC now owns 426,634 shares of the technology company’s stock worth $2,325,000 after acquiring an additional 32,521 shares during the last quarter. 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.