Craig Hallum Increases Airgain (NASDAQ:AIRG) Price Target to $12.00

Airgain (NASDAQ:AIRG) had its price objective increased by stock analysts at Craig Hallum from $8.00 to $12.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Craig Hallum’s price target would suggest a potential upside of 25.92% from the stock’s current price.

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

Airgain Trading Up 1.9 %

Airgain stock opened at $9.53 on Wednesday. The firm’s fifty day simple moving average is $8.56 and its 200-day simple moving average is $7.08. Airgain has a 1-year low of $2.25 and a 1-year high of $10.34. The company has a market capitalization of $107.71 million, a P/E ratio of -8.41 and a beta of 0.69.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AIRG. Farther Finance Advisors LLC boosted its holdings in Airgain by 195.5% during 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 during the last quarter. US Bancorp DE raised 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 period. Renaissance Technologies LLC raised its position 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 valued at $2,128,000 after purchasing an additional 2,800 shares during the period. Finally, First Eagle Investment Management LLC grew its stake in shares of Airgain by 8.3% in the first quarter. First Eagle Investment Management LLC now owns 426,634 shares of the technology company’s stock valued at $2,325,000 after acquiring an additional 32,521 shares in the last quarter. Institutional investors and hedge funds own 52.76% of the company’s stock.

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.