Inseego (INSG) – What Are Analysts Saying About This Stock?

Shares of Inseego (NASDAQ:INSG) have been assigned an average rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $13.00.

Several brokerages have recently commented on INSG. Roth Capital reaffirmed a “buy” rating on shares of Inseego in a report on Friday, August 7th. Weiss Ratings lowered shares of Inseego from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday. Zacks Research upgraded shares of Inseego from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 6th. Wall Street Zen upgraded shares of Inseego from a “strong sell” rating to a “sell” rating in a research note on Saturday, October 31st. Finally, UBS Group set a $9.00 price objective on shares of Inseego in a research note on Thursday, August 6th.

Inseego Price Performance

Shares of NASDAQ INSG opened at $4.25 on Wednesday. Inseego has a 1-year low of $3.58 and a 1-year high of $21.90. The business’s fifty day moving average price is $4.29 and its two-hundred day moving average price is $9.08. The firm has a market capitalization of $78.58 million, a PE ratio of -10.90 and a beta of 1.65.

Inseego (NASDAQ:INSG) last posted its earnings results on Wednesday, November 4th. The technology company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.06. The firm had revenue of $33.26 million for the quarter, compared to analyst estimates of $31.21 million. Equities research analysts expect that Inseego will post -1.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Militia Capital Management LLC bought a new stake in shares of Inseego during the 1st quarter valued at approximately $518,000. Engineers Gate Manager LP purchased a new stake in shares of Inseego during the 2nd quarter worth approximately $115,000. WINTON GROUP Ltd lifted its holdings in Inseego by 138.3% during the second quarter. WINTON GROUP Ltd now owns 36,387 shares of the technology company’s stock valued at $376,000 after purchasing an additional 21,119 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Inseego in the second quarter worth $290,000. Finally, AXQ Capital LP bought a new position in shares of Inseego in the second quarter valued at approximately $128,000. Institutional investors own 34.20% of the company’s stock.

About Inseego

Inseego Corp. develops wireless broadband and mobile networking solutions for service providers, enterprises, small businesses, government organizations and consumers. The company focuses on connecting devices, locations and users through cellular networks, with an emphasis on 5G and other high-speed wireless technologies. Its product portfolio includes mobile hotspots, fixed wireless access equipment, indoor and outdoor customer-premises equipment, routers and gateways. Inseego also provides cloud-based device management and networking software designed to help customers provision, monitor and manage connected equipment.