Airgain (NASDAQ:AIRG) Price Target Cut to $9.00 by Analysts at Craig Hallum

Airgain (NASDAQ:AIRG) had its target price lowered by Craig Hallum from $12.00 to $9.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Separately, Northland Securities reaffirmed an “outperform” rating and issued a $11.50 target price (up from $8.00) on shares of Airgain in a report on Wednesday, November 13th.

Airgain Stock Down 5.5 %

NASDAQ AIRG opened at $5.80 on Friday. Airgain has a 52-week low of $3.72 and a 52-week high of $10.34. The stock has a market capitalization of $65.80 million, a P/E ratio of -5.09 and a beta of 0.71. The firm has a 50-day moving average price of $7.01 and a 200 day moving average price of $7.90.

Airgain (NASDAQ:AIRG) last issued its earnings results on Thursday, February 27th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). Airgain had a negative net margin of 21.96% and a negative return on equity of 29.90%. The company had revenue of $15.08 million during the quarter, compared to analysts’ expectations of $16.35 million. On average, equities research analysts expect that Airgain will post -0.53 earnings per share for the current fiscal year.

Institutional Trading of Airgain

Large investors have recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of Airgain by 23.2% in the third quarter. Geode Capital Management LLC now owns 111,476 shares of the technology company’s stock valued at $841,000 after purchasing an additional 20,970 shares during the last quarter. US Bancorp DE grew its position in shares of Airgain by 3.7% in the third quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock valued at $502,000 after purchasing an additional 2,400 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Airgain by 195.5% in the third quarter. Farther Finance Advisors LLC now owns 36,277 shares of the technology company’s stock valued at $274,000 after purchasing an additional 24,000 shares during the last quarter. Northern Trust Corp grew its position in shares of Airgain by 69.4% in the fourth quarter. Northern Trust Corp now owns 64,861 shares of the technology company’s stock valued at $458,000 after purchasing an additional 26,573 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Airgain by 0.5% during the fourth quarter. Ameriprise Financial Inc. now owns 677,584 shares of the technology company’s stock worth $4,784,000 after acquiring an additional 3,283 shares during the last quarter. 52.76% of the stock is currently owned by institutional investors and hedge funds.

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.