20,602 Shares in Airgain, Inc. (NASDAQ:AIRG) Purchased by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC purchased a new stake in Airgain, Inc. (NASDAQ:AIRG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,602 shares of the technology company’s stock, valued at approximately $145,000. Essex Investment Management Co. LLC owned approximately 0.18% of Airgain as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of Airgain by 23.2% in the third quarter. Geode Capital Management LLC now owns 111,476 shares of the technology company’s stock worth $841,000 after purchasing an additional 20,970 shares during the last quarter. US Bancorp DE grew its stake in Airgain by 3.7% in the 3rd quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock worth $502,000 after buying an additional 2,400 shares in the last quarter. Finally, Bailard Inc. bought a new position in shares of Airgain in the 4th quarter worth $235,000. Institutional investors own 52.76% of the company’s stock.

Analyst Upgrades and Downgrades

AIRG has been the subject of a number of research analyst reports. Northland Securities reaffirmed an “outperform” rating and set a $11.50 price objective (up from $8.00) on shares of Airgain in a report on Wednesday, November 13th. Craig Hallum dropped their price target on Airgain from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, February 28th.

Airgain Stock Performance

AIRG stock opened at $4.80 on Monday. The company has a market capitalization of $55.48 million, a PE ratio of -4.21 and a beta of 0.67. Airgain, Inc. has a one year low of $3.72 and a one year high of $10.34. The company’s 50 day moving average price is $6.81 and its two-hundred day moving average price is $7.82.

Airgain (NASDAQ:AIRG) last issued its earnings results on Thursday, February 27th. The technology company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). Airgain had a negative return on equity of 29.90% and a negative net margin of 21.96%. The business had revenue of $15.08 million during the quarter, compared to analysts’ expectations of $16.35 million. On average, research analysts predict that Airgain, Inc. will post -0.53 EPS for the current year.

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.