Perkins Capital Management Inc. Has $1.76 Million Stock Position in Airgain, Inc. (NASDAQ:AIRG)

Perkins Capital Management Inc. trimmed its holdings in Airgain, Inc. (NASDAQ:AIRG - Free Report) by 36.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,000 shares of the technology company's stock after selling 132,150 shares during the quarter. Airgain comprises 1.6% of Perkins Capital Management Inc.'s portfolio, making the stock its 15th largest holding. Perkins Capital Management Inc. owned about 2.16% of Airgain worth $1,757,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position 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 valued at $274,000 after purchasing an additional 24,000 shares during the period. US Bancorp DE increased its position 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 valued at $502,000 after purchasing an additional 2,400 shares during the period. Renaissance Technologies LLC increased its position 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 valued at $2,128,000 after purchasing an additional 2,800 shares during the period. Finally, First Eagle Investment Management LLC increased its position 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 valued at $2,325,000 after purchasing an additional 32,521 shares during the period. 52.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AIRG. Craig Hallum lifted their price target on Airgain from $5.00 to $8.00 and gave the company a "buy" rating in a research report on Wednesday, August 7th. Northland Securities raised their price objective on Airgain from $7.00 to $8.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th.

Airgain Stock Performance

Shares of AIRG traded down $0.22 during trading hours on Thursday, hitting $9.37. 14,836 shares of the company were exchanged, compared to its average volume of 39,155. The firm has a fifty day simple moving average of $8.39 and a 200-day simple moving average of $6.94. Airgain, Inc. has a one year low of $1.63 and a one year high of $9.75.

Airgain (NASDAQ:AIRG - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The technology company reported ($0.16) earnings per share for the quarter, hitting the consensus estimate of ($0.16). The business had revenue of $15.18 million during the quarter, compared to analyst estimates of $15.00 million. Airgain had a negative return on equity of 29.18% and a negative net margin of 23.19%. As a group, equities analysts predict that Airgain, Inc. will post -0.52 EPS for the current fiscal year.

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.