Airgain (NASDAQ:AIRG) Price Target Raised to $8.00

Airgain (NASDAQ:AIRG) had its price target boosted by Northland Securities from $7.00 to $8.00 in a report published on Wednesday, Benzinga reports. They currently have an outperform rating on the technology company’s stock.

AIRG has been the topic of a number of other research reports. StockNews.com began coverage on Airgain in a report on Saturday, June 1st. They issued a hold rating on the stock. Craig Hallum boosted their price objective on shares of Airgain from $5.00 to $8.00 and gave the company a buy rating in a research note on Wednesday.

Airgain Price Performance

Shares of AIRG stock traded up $0.37 during trading hours on Wednesday, hitting $6.87. The stock had a trading volume of 21,622 shares, compared to its average volume of 28,665. The firm has a market capitalization of $74.04 million, a PE ratio of -6.03 and a beta of 0.74. The stock’s 50 day moving average is $6.34 and its 200 day moving average is $5.39. Airgain has a twelve month low of $1.63 and a twelve month high of $7.95.

Airgain (NASDAQ:AIRG) last released its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.02. Airgain had a negative net margin of 22.34% and a negative return on equity of 26.07%. The firm had revenue of $14.23 million during the quarter, compared to the consensus estimate of $13.95 million. As a group, equities analysts predict that Airgain will post -0.56 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Airgain stock. First Eagle Investment Management LLC lifted its position in shares of Airgain, Inc. (NASDAQ:AIRG) by 8.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 426,634 shares of the technology company’s stock after acquiring an additional 32,521 shares during the quarter. First Eagle Investment Management LLC owned 3.96% of Airgain worth $2,325,000 at the end of the most recent quarter. 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.