Airgain (NASDAQ:AIRG) Receives “Outperform” Rating from Northland Securities

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

Separately, Craig Hallum upped their target price on shares of Airgain from $5.00 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th.

Airgain Price Performance

Shares of NASDAQ:AIRG opened at $9.35 on Wednesday. The business’s fifty day moving average price is $8.53 and its two-hundred day moving average price is $7.06. Airgain has a fifty-two week low of $2.10 and a fifty-two week high of $10.34. The stock has a market capitalization of $105.67 million, a price-to-earnings ratio of -8.52 and a beta of 0.69.

Institutional Investors Weigh In On Airgain

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC boosted its stake in Airgain by 195.5% in the third quarter. Farther Finance Advisors LLC now owns 36,277 shares of the technology company’s stock worth $274,000 after purchasing an additional 24,000 shares in the last quarter. US Bancorp DE increased its position in Airgain by 3.7% in the 3rd quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock valued at $502,000 after acquiring an additional 2,400 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Airgain by 0.8% in the second quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company’s stock worth $2,128,000 after acquiring an additional 2,800 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of Airgain by 8.3% during the first quarter. First Eagle Investment Management LLC now owns 426,634 shares of the technology company’s stock worth $2,325,000 after purchasing an additional 32,521 shares in the last quarter. 52.76% of the stock is owned by institutional investors and hedge funds.

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.