FY2024 Earnings Estimate for Airgain Issued By Roth Capital

Airgain, Inc. (NASDAQ:AIRG) – Equities research analysts at Roth Capital reduced their FY2024 earnings estimates for shares of Airgain in a research report issued on Sunday, February 2nd. Roth Capital analyst S. Searle now forecasts that the technology company will earn ($0.55) per share for the year, down from their prior forecast of ($0.51). The consensus estimate for Airgain’s current full-year earnings is ($0.50) per share. Roth Capital also issued estimates for Airgain’s Q1 2025 earnings at ($0.19) EPS, Q2 2025 earnings at ($0.15) EPS, Q3 2025 earnings at ($0.05) EPS and FY2025 earnings at ($0.40) EPS.

Airgain (NASDAQ:AIRG) last posted its quarterly earnings results on Tuesday, November 12th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.08). The firm had revenue of $16.10 million for the quarter, compared to analyst estimates of $16.00 million. Airgain had a negative return on equity of 29.90% and a negative net margin of 21.96%. During the same quarter in the prior year, the business posted ($0.11) EPS.

Several other research firms have also issued reports on AIRG. Northland Securities reiterated an “outperform” rating and set a $11.50 price target (up previously from $8.00) on shares of Airgain in a research report on Wednesday, November 13th. Craig Hallum raised their target price on shares of Airgain from $8.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th.

Airgain Trading Up 4.2 %

NASDAQ AIRG opened at $6.90 on Wednesday. The firm has a market capitalization of $78.32 million, a price-to-earnings ratio of -6.05 and a beta of 0.71. The firm’s 50 day simple moving average is $7.58 and its 200 day simple moving average is $7.93. Airgain has a 1 year low of $3.71 and a 1 year high of $10.34.

Insider Activity

In other news, CFO Michael Elbaz sold 6,777 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $9.09, for a total transaction of $61,602.93. Following the completion of the transaction, the chief financial officer now owns 102,794 shares of the company’s stock, valued at approximately $934,397.46. This trade represents a 6.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.10% of the company’s stock.

Hedge Funds Weigh In On Airgain

Several large investors have recently modified their holdings of AIRG. Farther Finance Advisors LLC raised its stake in shares of Airgain by 195.5% during 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 during the last quarter. Geode Capital Management LLC raised 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 last quarter. Finally, US Bancorp DE raised 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 buying an additional 2,400 shares during the last quarter. Institutional investors own 52.76% of the company’s stock.

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.