Airgain (NASDAQ:AIRG) had its price target increased by equities research analysts at B. Riley from $17.00 to $19.00 in a research note issued to investors on Monday, The Fly reports. The brokerage currently has a “buy” rating on the technology company’s stock. B. Riley’s price target would suggest a potential upside of 46.27% from the stock’s current price. B. Riley also issued estimates for Airgain’s FY2021 earnings at $0.39 EPS.
Separately, Zacks Investment Research raised Airgain from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Friday, February 15th. Five analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of $15.67.
AIRG opened at $12.99 on Monday. The firm has a market cap of $128.73 million, a PE ratio of -48.11 and a beta of 1.68. Airgain has a 52-week low of $7.40 and a 52-week high of $14.17.
In other Airgain news, President Jacob Suen sold 10,000 shares of the stock in a transaction dated Wednesday, February 27th. The stock was sold at an average price of $12.73, for a total value of $127,300.00. Following the completion of the transaction, the president now directly owns 45,570 shares in the company, valued at $580,106.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Gen3 Capital Partners, Llc sold 4,964 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $12.77, for a total value of $63,390.28. The disclosure for this sale can be found here. Insiders sold 24,472 shares of company stock worth $322,355 over the last ninety days. 20.40% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in Airgain by 189.0% in the third quarter. Dimensional Fund Advisors LP now owns 43,468 shares of the technology company’s stock valued at $571,000 after purchasing an additional 28,427 shares during the last quarter. Vanguard Group Inc raised its position in Airgain by 0.6% in the third quarter. Vanguard Group Inc now owns 340,094 shares of the technology company’s stock valued at $4,469,000 after purchasing an additional 1,900 shares during the last quarter. Worth Venture Partners LLC raised its position in Airgain by 24.7% in the third quarter. Worth Venture Partners LLC now owns 106,815 shares of the technology company’s stock valued at $1,404,000 after purchasing an additional 21,171 shares during the last quarter. JPMorgan Chase & Co. raised its position in Airgain by 49.9% in the third quarter. JPMorgan Chase & Co. now owns 51,780 shares of the technology company’s stock valued at $680,000 after purchasing an additional 17,238 shares during the last quarter. Finally, Alambic Investment Management L.P. bought a new position in Airgain in the fourth quarter valued at about $957,000. Hedge funds and other institutional investors own 35.22% of the company’s stock.
Airgain, Inc designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, and service providers worldwide. Its products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; omnimax high performance external antennas; MaxBeam carrier class antennas; and SmartMax embedded antennas, as well as automotive, fleet, public safety, and M2M antennas.
See Also: Liquidity
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