Airgain, Inc. (AIRG) Price Target Lowered to $10.00 at B. Riley

Airgain, Inc. (NASDAQ:AIRG) had its price target cut by B. Riley from $12.50 to $10.00 in a report issued on Friday. They currently have a buy rating on the technology company’s stock.

AIRG has been the topic of several other research reports. Zacks Investment Research cut shares of Airgain from a hold rating to a sell rating in a research report on Tuesday, September 12th. Cowen and Company reiterated a buy rating and set a $19.00 price target on shares of Airgain in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $16.10.

Shares of Airgain (NASDAQ:AIRG) traded up $0.50 during midday trading on Friday, hitting $8.49. 329,000 shares of the company traded hands, compared to its average volume of 173,280. Airgain has a one year low of $7.31 and a one year high of $29.30. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.07 and a quick ratio of 5.00. The stock has a market capitalization of $76.26, a PE ratio of 28.54 and a beta of 1.49.

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In other Airgain news, Director Francis X. Egan acquired 10,276 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were acquired at an average price of $8.99 per share, with a total value of $92,381.24. Following the completion of the purchase, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $449,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 23.40% of the company’s stock.

A number of large investors have recently bought and sold shares of AIRG. Commonwealth Equity Services Inc bought a new stake in Airgain during the third quarter worth about $118,000. Wells Fargo & Company MN boosted its stake in Airgain by 723.4% during the first quarter. Wells Fargo & Company MN now owns 12,351 shares of the technology company’s stock worth $187,000 after acquiring an additional 10,851 shares in the last quarter. Menta Capital LLC bought a new stake in Airgain during the second quarter worth about $251,000. UBS Group AG lifted its stake in shares of Airgain by 125.3% in the first quarter. UBS Group AG now owns 25,022 shares of the technology company’s stock worth $379,000 after buying an additional 13,918 shares in the last quarter. Finally, Worth Venture Partners LLC lifted its stake in shares of Airgain by 56.8% in the second quarter. Worth Venture Partners LLC now owns 62,534 shares of the technology company’s stock worth $887,000 after buying an additional 22,653 shares in the last quarter. 37.18% of the stock is currently owned by institutional investors and hedge funds.

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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