Airgain (NASDAQ:AIRG) Given New $9.00 Price Target at Craig Hallum

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

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

Airgain Stock Performance

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 firm’s 50 day moving average price is $7.01 and its 200 day moving average price is $7.90. The firm has a market cap of $65.80 million, a P/E ratio of -5.09 and a beta of 0.71.

Airgain (NASDAQ:AIRG) last announced 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). The firm had revenue of $15.08 million for the quarter, compared to analyst estimates 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 analysts predict that Airgain will post -0.53 EPS for the current year.

Hedge Funds Weigh In On Airgain

A number of hedge funds have recently made changes to their positions in AIRG. US Bancorp DE raised its stake in shares of 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 during the period. Farther Finance Advisors LLC raised its stake in shares of Airgain by 195.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 36,277 shares of the technology company’s stock valued at $274,000 after acquiring an additional 24,000 shares during the period. Geode Capital Management LLC raised its stake in shares of Airgain by 23.2% in the 3rd quarter. Geode Capital Management LLC now owns 111,476 shares of the technology company’s stock valued at $841,000 after acquiring an additional 20,970 shares during the period. Bailard Inc. purchased a new stake in Airgain during the 4th quarter worth $235,000. Finally, Essex Investment Management Co. LLC purchased a new stake in Airgain during the 4th quarter worth $145,000. Hedge funds and other institutional investors 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.