Bailard Inc. Takes $235,000 Position in Airgain, Inc. (NASDAQ:AIRG)

Bailard Inc. purchased a new stake in Airgain, Inc. (NASDAQ:AIRG) in the fourth quarter, HoldingsChannel reports. The firm purchased 33,300 shares of the technology company’s stock, valued at approximately $235,000.

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased 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 buying an additional 24,000 shares during the period. Geode Capital Management LLC lifted its stake in shares of Airgain by 23.2% during the third 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. Finally, US Bancorp DE boosted its holdings in 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 acquiring an additional 2,400 shares during the last quarter. Institutional investors own 52.76% of the company’s stock.

Airgain Stock Down 2.5 %

Shares of Airgain stock opened at $5.41 on Thursday. Airgain, Inc. has a 12 month low of $3.72 and a 12 month high of $10.34. The business has a fifty day simple moving average of $6.90 and a 200 day simple moving average of $7.86. The stock has a market cap of $61.38 million, a PE ratio of -4.75 and a beta of 0.71.

Airgain (NASDAQ:AIRG) last announced its quarterly earnings results on Thursday, February 27th. The technology company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). Airgain had a negative net margin of 21.96% and a negative return on equity of 29.90%. The company had revenue of $15.08 million during the quarter, compared to the consensus estimate of $16.35 million. Analysts expect that Airgain, Inc. will post -0.53 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on AIRG shares. Craig Hallum cut their target price on shares of Airgain from $12.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Northland Securities restated an “outperform” rating and issued a $11.50 price objective (up from $8.00) on shares of Airgain in a report on Wednesday, November 13th.

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.