Airgain (NASDAQ:AIRG) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Airgain (NASDAQ:AIRG) in a report issued on Monday. The brokerage issued a hold rating on the technology company’s stock.

Airgain Trading Down 2.3 %

NASDAQ AIRG opened at $5.49 on Monday. The company has a market cap of $57.70 million, a P/E ratio of -4.61 and a beta of 0.85. The company has a fifty day simple moving average of $5.00 and a 200 day simple moving average of $3.92. Airgain has a 12-month low of $1.63 and a 12-month high of $6.37.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings data on Wednesday, March 6th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.15). The firm had revenue of $10.07 million for the quarter, compared to analysts’ expectations of $10.00 million. Airgain had a negative return on equity of 24.77% and a negative net margin of 22.18%. Sell-side analysts predict that Airgain will post -0.44 EPS for the current year.

Insider Transactions at Airgain

In other news, CTO Ali Sadri sold 5,379 shares of Airgain stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $5.10, for a total transaction of $27,432.90. Following the sale, the chief technology officer now directly owns 96,958 shares in the company, valued at approximately $494,485.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CTO Ali Sadri sold 5,379 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $5.10, for a total value of $27,432.90. Following the sale, the chief technology officer now directly owns 96,958 shares in the company, valued at approximately $494,485.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jacob Suen sold 10,639 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $5.10, for a total value of $54,258.90. Following the completion of the sale, the chief executive officer now owns 236,275 shares in the company, valued at $1,205,002.50. The disclosure for this sale can be found here. Insiders have sold 23,814 shares of company stock worth $122,510 in the last ninety days. Company insiders own 15.30% of the company’s stock.

Institutional Investors Weigh In On Airgain

A hedge fund recently raised its stake in Airgain stock. Perkins Capital Management Inc. grew its stake in shares of Airgain, Inc. (NASDAQ:AIRG) by 2,350.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 379,820 shares of the technology company’s stock after buying an additional 364,320 shares during the period. Airgain accounts for approximately 1.2% of Perkins Capital Management Inc.’s portfolio, making the stock its 26th largest holding. Perkins Capital Management Inc. owned approximately 3.64% of Airgain worth $1,352,000 at the end of the most recent reporting period. 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.