First Eagle Investment Management LLC Grows Stock Holdings in Airgain, Inc. (NASDAQ:AIRG)

First Eagle Investment Management LLC lifted its position in Airgain, Inc. (NASDAQ:AIRG) by 30.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 558,309 shares of the technology company’s stock after buying an additional 131,675 shares during the quarter. First Eagle Investment Management LLC owned approximately 5.18% of Airgain worth $3,372,000 at the end of the most recent reporting period.

Separately, Renaissance Technologies LLC grew its position in Airgain by 0.8% in the 2nd quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company’s stock valued at $2,128,000 after acquiring an additional 2,800 shares in the last quarter. Institutional investors own 52.76% of the company’s stock.

Airgain Stock Performance

Shares of AIRG opened at $7.20 on Friday. Airgain, Inc. has a 1 year low of $1.63 and a 1 year high of $8.07. The stock has a market capitalization of $77.59 million, a PE ratio of -6.32 and a beta of 0.72. The stock has a 50-day simple moving average of $7.26 and a 200-day simple moving average of $6.11.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings results on Tuesday, August 6th. The technology company reported ($0.16) EPS for the quarter, hitting the consensus estimate of ($0.16). Airgain had a negative net margin of 23.19% and a negative return on equity of 29.18%. The company had revenue of $15.18 million during the quarter, compared to analysts’ expectations of $15.00 million. Analysts predict that Airgain, Inc. will post -0.52 EPS for the current year.

Analyst Ratings Changes

AIRG has been the topic of several research reports. StockNews.com initiated coverage on shares of Airgain in a research report on Saturday, June 1st. They set a “hold” rating on the stock. Northland Securities raised their price target on shares of Airgain from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Craig Hallum upped their price objective on Airgain from $5.00 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th.

Airgain 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.