Craig Hallum Lowers Airgain (NASDAQ:AIRG) Price Target to $9.00

Airgain (NASDAQ:AIRG) had its target price cut by investment analysts at Craig Hallum from $12.00 to $9.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Craig Hallum’s target price points to a potential upside of 55.17% from the stock’s previous close.

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

Airgain Trading Down 5.5 %

Shares of NASDAQ AIRG opened at $5.80 on Friday. Airgain has a 1-year low of $3.72 and a 1-year high of $10.34. The company has a market cap of $65.80 million, a PE ratio of -5.09 and a beta of 0.71. The company has a 50-day moving average of $7.01 and a two-hundred day moving average of $7.90.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AIRG. Virtu Financial LLC acquired a new position in Airgain during the fourth quarter valued at approximately $73,000. Marshall Wace LLP acquired a new position in Airgain during the fourth quarter valued at approximately $75,000. Arrowstreet Capital Limited Partnership acquired a new position in Airgain during the fourth quarter valued at approximately $107,000. Essex Investment Management Co. LLC acquired a new position in Airgain during the fourth quarter valued at approximately $145,000. Finally, Jane Street Group LLC acquired a new position in Airgain during the fourth quarter valued at approximately $192,000. 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.