Airgain (NASDAQ:AIRG) Earns Outperform Rating from Northland Securities

Northland Securities reaffirmed their outperform rating on shares of Airgain (NASDAQ:AIRG) in a research report released on Wednesday morning,Benzinga reports. Northland Securities currently has a $11.50 price objective on the technology company’s stock, up from their previous price objective of $8.00.

Separately, Craig Hallum raised their target price on Airgain from $5.00 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th.

Airgain Stock Performance

NASDAQ AIRG opened at $9.35 on Wednesday. Airgain has a fifty-two week low of $2.25 and a fifty-two week high of $10.34. The stock has a 50 day simple moving average of $8.60 and a two-hundred day simple moving average of $7.09. The stock has a market cap of $105.66 million, a P/E ratio of -8.20 and a beta of 0.69.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. First Eagle Investment Management LLC lifted its stake in shares of Airgain by 30.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 558,309 shares of the technology company’s stock valued at $3,372,000 after purchasing an additional 131,675 shares during the period. US Bancorp DE raised its stake in Airgain by 3.7% during the third quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock valued at $502,000 after buying an additional 2,400 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Airgain by 195.5% during the third quarter. Farther Finance Advisors LLC now owns 36,277 shares of the technology company’s stock valued at $274,000 after buying an additional 24,000 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Airgain by 0.8% during the second quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company’s stock valued at $2,128,000 after buying an additional 2,800 shares during the last quarter. Hedge funds and other institutional investors own 52.76% of the company’s stock.

Airgain Company Profile

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.