Airgain (NASDAQ:AIRG) Given New $12.00 Price Target at Craig Hallum

Airgain (NASDAQ:AIRG) had its target price raised by equities researchers at Craig Hallum from $8.00 to $12.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Craig Hallum’s price target indicates a potential upside of 24.35% from the stock’s current price.

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

Airgain Stock Down 6.2 %

Shares of NASDAQ AIRG traded down $0.64 on Wednesday, reaching $9.65. 31,396 shares of the company’s stock traded hands, compared to its average volume of 31,772. The business’s 50 day simple moving average is $8.47 and its two-hundred day simple moving average is $7.02. Airgain has a 12 month low of $2.10 and a 12 month high of $10.34. The company has a market cap of $109.05 million, a price-to-earnings ratio of -8.09 and a beta of 0.69.

Hedge Funds Weigh In On Airgain

Hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in Airgain by 3.7% during the 3rd 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 last quarter. Renaissance Technologies LLC raised its holdings in shares of Airgain by 0.8% during 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 last quarter. Farther Finance Advisors LLC raised its stake in Airgain by 195.5% during 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 last quarter. Finally, First Eagle Investment Management LLC boosted its stake in shares of Airgain by 8.3% in the 1st quarter. First Eagle Investment Management LLC now owns 426,634 shares of the technology company’s stock worth $2,325,000 after buying an additional 32,521 shares during the last quarter. 52.76% of the stock is currently owned by hedge funds and other institutional investors.

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.