Key Points
- Director James Sims bought 6,731 Airgain shares at an average price of $5.31, investing approximately $35,742 and increasing his holdings by 1.52% to 449,464 shares.
- Airgain reported quarterly revenue of $13.70 million and earnings of $0.02 per share, exceeding analysts’ revenue estimate, but remains unprofitable with a negative 13.65% net margin.
- Analysts maintain a generally positive outlook, with four Buy ratings and one Sell rating; the average price target is $7.70 versus the reported share price near $5.02.
Airgain, Inc. (NASDAQ:AIRG - Get Free Report) Director James Sims purchased 6,731 shares of Airgain stock in a transaction that occurred on Monday, August 31st. The stock was acquired at an average cost of $5.31 per share, with a total value of $35,741.61. Following the transaction, the director owned 449,464 shares in the company, valued at $2,386,653.84. This trade represents a 1.52% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Airgain Stock Performance
Shares of AIRG stock opened at $5.02 on Thursday. The firm has a fifty day simple moving average of $5.72 and a two-hundred day simple moving average of $5.86. Airgain, Inc. has a 12 month low of $3.00 and a 12 month high of $7.66. The firm has a market capitalization of $65.76 million, a PE ratio of -8.96 and a beta of 0.93.
Airgain (NASDAQ:AIRG - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.02 earnings per share for the quarter. The firm had revenue of $13.70 million for the quarter, compared to analyst estimates of $13.45 million. Airgain had a negative net margin of 13.65% and a negative return on equity of 13.72%. Airgain has set its Q3 2026 guidance at 0.040-0.040 EPS. On average, equities analysts predict that Airgain, Inc. will post -0.19 earnings per share for the current fiscal year.
Institutional Trading of Airgain
Several institutional investors and hedge funds have recently made changes to their positions in AIRG. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Airgain during the fourth quarter valued at about $934,000. Citadel Advisors LLC grew its position in Airgain by 270.1% in the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company's stock worth $118,000 after purchasing an additional 43,214 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Airgain in the 3rd quarter worth about $91,000. XTX Topco Ltd purchased a new stake in Airgain in the 4th quarter valued at about $44,000. Finally, Bank of America Corp DE purchased a new stake in Airgain in the 2nd quarter valued at about $77,000. Hedge funds and other institutional investors own 52.76% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently weighed in on AIRG shares. Northland Securities set a $8.50 price target on shares of Airgain in a research report on Thursday, May 7th. Craig Hallum reissued a "buy" rating and set a $9.00 price objective on shares of Airgain in a report on Thursday, May 7th. Weiss Ratings raised Airgain from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, July 23rd. Roth Capital restated a "buy" rating and issued a $9.00 target price on shares of Airgain in a report on Thursday, May 7th. Finally, Wall Street Zen cut Airgain from a "buy" rating to a "hold" rating in a research report on Saturday, May 23rd. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Airgain has an average rating of "Moderate Buy" and an average price target of $7.70.
Read Our Latest Report on AIRG
About Airgain
(
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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