Craig Hallum Forecasts Strong Price Appreciation for Airgain (NASDAQ:AIRG) Stock

Airgain (NASDAQ:AIRG) had its target price increased by Craig Hallum from $8.00 to $12.00 in a report published on Wednesday,Benzinga reports. Craig Hallum currently has a buy rating on the technology company’s stock.

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

Airgain Trading Down 1.9 %

Shares of Airgain stock opened at $9.35 on Wednesday. The firm has a market capitalization of $105.66 million, a PE ratio of -8.20 and a beta of 0.69. Airgain has a twelve month low of $2.25 and a twelve month high of $10.34. The firm’s 50-day moving average price is $8.60 and its 200 day moving average price is $7.09.

Institutional Trading of Airgain

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in shares of Airgain by 195.5% in the third 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 in the last quarter. US Bancorp DE raised its stake in shares of 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 in the last quarter. Renaissance Technologies LLC raised its stake in shares of Airgain by 0.8% in the second quarter. Renaissance Technologies LLC now owns 352,336 shares of the technology company’s stock valued at $2,128,000 after acquiring an additional 2,800 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in shares of Airgain by 8.3% in the first quarter. First Eagle Investment Management LLC now owns 426,634 shares of the technology company’s stock valued at $2,325,000 after acquiring an additional 32,521 shares in the last quarter. 52.76% of the stock is currently owned by institutional investors and hedge funds.

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.