Airgain (NASDAQ:AIRG) Stock Price Expected to Rise, Craig Hallum Analyst Says

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

Separately, Northland Securities reiterated an “outperform” rating and issued a $11.50 price objective (up previously from $8.00) on shares of Airgain in a research note on Wednesday.

Airgain Price Performance

Shares of NASDAQ AIRG opened at $9.53 on Wednesday. Airgain has a 1 year low of $2.25 and a 1 year high of $10.34. The company has a 50 day simple moving average of $8.56 and a 200 day simple moving average of $7.08. The firm has a market cap of $107.71 million, a PE ratio of -8.41 and a beta of 0.69.

Institutional Investors Weigh In On Airgain

Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its stake in shares of Airgain by 195.5% during the 3rd 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 period. US Bancorp DE raised its stake in shares of Airgain by 3.7% during the 3rd quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock worth $502,000 after purchasing an additional 2,400 shares during the period. Renaissance Technologies LLC raised its stake in shares of Airgain by 0.8% during the 2nd quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company’s stock worth $2,128,000 after purchasing an additional 2,800 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in shares of Airgain by 8.3% during the 1st 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 during the period. 52.76% of the stock is currently owned by institutional investors.

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.