Airgain, Inc. (AIRG) Trading Down 1%

Airgain, Inc. (NASDAQ:AIRG)’s share price was down 1% during trading on Friday . The company traded as low as $8.81 and last traded at $9.00. Approximately 249,118 shares were traded during trading, an increase of 77% from the average daily volume of 140,698 shares. The stock had previously closed at $9.09.

A number of equities analysts have recently commented on AIRG shares. Zacks Investment Research raised Airgain from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Thursday, June 8th. B. Riley reissued a “buy” rating and set a $17.00 price target on shares of Airgain in a report on Friday, August 4th. Finally, Cowen and Company reissued a “buy” rating and set a $19.00 price target on shares of Airgain in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Airgain has an average rating of “Buy” and an average target price of $17.34.

The stock has a market cap of $84.85 million and a price-to-earnings ratio of 34.86. The firm has a 50 day moving average price of $11.27 and a 200 day moving average price of $13.36.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP raised its position in Airgain by 60.9% during the first quarter. Royce & Associates LP now owns 445,023 shares of the technology company’s stock valued at $6,747,000 after purchasing an additional 168,500 shares in the last quarter. Hood River Capital Management LLC raised its position in Airgain by 16.4% during the second quarter. Hood River Capital Management LLC now owns 414,879 shares of the technology company’s stock valued at $5,883,000 after purchasing an additional 58,444 shares in the last quarter. Soros Fund Management LLC raised its position in Airgain by 90.0% during the first quarter. Soros Fund Management LLC now owns 316,666 shares of the technology company’s stock valued at $4,801,000 after purchasing an additional 150,000 shares in the last quarter. Manatuck Hill Partners LLC raised its position in Airgain by 4.0% during the second quarter. Manatuck Hill Partners LLC now owns 312,000 shares of the technology company’s stock valued at $4,424,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Blair William & Co. IL raised its position in Airgain by 1,138.9% during the second quarter. Blair William & Co. IL now owns 259,292 shares of the technology company’s stock valued at $3,677,000 after purchasing an additional 238,362 shares in the last quarter. Institutional investors and hedge funds own 35.63% of the company’s stock.

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Airgain Company Profile

Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.

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