Bailard Inc. Buys New Holdings in Airgain, Inc. (NASDAQ:AIRG)

Bailard Inc. purchased a new position in shares of Airgain, Inc. (NASDAQ:AIRG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 33,300 shares of the technology company’s stock, valued at approximately $235,000. Bailard Inc. owned approximately 0.29% of Airgain at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AIRG. Geode Capital Management LLC lifted its holdings in shares of Airgain by 23.2% during the 3rd quarter. Geode Capital Management LLC now owns 111,476 shares of the technology company’s stock worth $841,000 after acquiring an additional 20,970 shares during the period. US Bancorp DE lifted its stake in Airgain by 3.7% during the third 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. Finally, Farther Finance Advisors LLC lifted its stake in Airgain by 195.5% during the third 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. Institutional investors own 52.76% of the company’s stock.

Airgain Trading Down 2.5 %

Shares of Airgain stock opened at $5.41 on Thursday. The stock has a market capitalization of $61.38 million, a price-to-earnings ratio of -4.75 and a beta of 0.71. The firm’s 50-day moving average price is $6.90 and its two-hundred day moving average price is $7.86. Airgain, Inc. has a 1-year low of $3.72 and a 1-year high of $10.34.

Airgain (NASDAQ:AIRG) last released 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 return on equity of 29.90% and a negative net margin of 21.96%. The business had revenue of $15.08 million for the quarter, compared to the consensus estimate of $16.35 million. As a group, equities research analysts predict that Airgain, Inc. will post -0.53 EPS for the current year.

Analyst Upgrades and Downgrades

AIRG has been the subject of a number of recent research reports. 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, November 13th. Craig Hallum dropped their price objective on Airgain from $12.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, February 28th.

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.