Key Points
- Airgain CEO Jacob Suen sold 15,993 shares on Jan. 20 at an average price of $4.00 for $63,972, cutting his stake by 5.17% to 293,635 shares valued at about $1.17M.
- Airgain is a small-cap (~$52.7M) tech firm trading near $4 with a 12-month range of $3.00–$8.47, negative net margin and ROE, and analysts forecasting about -$0.53 EPS for the current year despite a recent quarter that met EPS estimates.
- The stock carries a consensus rating of "Moderate Buy" with an average price target of $6.20 (four Buys, one Sell), and institutional investors own roughly 52.8% of the shares with recent position changes by firms like Citadel.
Airgain, Inc. (NASDAQ:AIRG - Get Free Report) CFO Michael Elbaz sold 4,587 shares of the business's stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $4.00, for a total value of $18,348.00. Following the transaction, the chief financial officer owned 133,106 shares of the company's stock, valued at $532,424. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Michael Elbaz also recently made the following trade(s):
- On Monday, November 24th, Michael Elbaz sold 4,820 shares of Airgain stock. The shares were sold at an average price of $3.99, for a total transaction of $19,231.80.
Airgain Stock Performance
Shares of NASDAQ AIRG opened at $4.41 on Friday. The firm has a 50 day moving average price of $4.06 and a 200 day moving average price of $4.21. The stock has a market cap of $52.74 million, a P/E ratio of -8.82 and a beta of 0.87. Airgain, Inc. has a 52-week low of $3.00 and a 52-week high of $8.47.
Airgain (NASDAQ:AIRG - Get Free Report) last released its quarterly earnings data on Wednesday, November 12th. The technology company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. The business had revenue of $14.02 million during the quarter, compared to analysts' expectations of $14.13 million. Airgain had a negative net margin of 10.87% and a negative return on equity of 16.03%. Airgain has set its Q4 2025 guidance at 0.000-0.000 EPS. Analysts predict that Airgain, Inc. will post -0.53 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Airgain
A number of large investors have recently modified their holdings of AIRG. Marathon Capital Management acquired a new stake in shares of Airgain in the second quarter valued at about $42,000. Susquehanna International Group LLP acquired a new position in Airgain during the third quarter valued at approximately $91,000. Citadel Advisors LLC grew its stake in Airgain by 270.1% in the third quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company's stock valued at $118,000 after purchasing an additional 43,214 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Airgain by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company's stock worth $167,000 after purchasing an additional 7,500 shares during the last quarter. 52.76% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
AIRG has been the subject of a number of research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Airgain in a research note on Wednesday. Craig Hallum dropped their price objective on shares of Airgain from $7.00 to $5.00 and set a "buy" rating on the stock in a report on Thursday, November 13th. Northland Securities cut their price objective on shares of Airgain from $8.00 to $7.00 and set an "outperform" rating on the stock in a research report on Monday, November 17th. Royal Bank Of Canada set a $6.00 target price on Airgain in a report on Wednesday. Finally, Lake Street Capital began coverage on Airgain in a report on Wednesday. They issued a "buy" rating and a $6.00 price target on the stock. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Airgain presently has a consensus rating of "Moderate Buy" and an average price target of $6.20.
View Our Latest Report on Airgain
Airgain Company Profile
(
Get Free Report)
Airgain, Inc (NASDAQ: AIRG) is a provider of intelligent wireless connectivity solutions designed to enhance data transmission, network performance and antenna efficiency for a range of devices. Headquartered in San Diego, California, the company develops both embedded and external antenna systems, as well as associated connectivity software, to support wireless applications across cellular, Wi-Fi, machine-to-machine (M2M) and Internet of Things (IoT) markets.
The company's product portfolio includes modular smart antennas, parallel path phase-diversity antennas and advanced array antenna solutions that are optimized for environments such as smart homes, industrial automation, transportation and enterprise networking.
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