Other equities research analysts also recently issued research reports about the stock. Northland Securities began coverage on shares of Inseego in a research report on Tuesday, November 26th. They issued a buy rating and a $6.00 price target for the company. Zacks Investment Research upgraded shares of Inseego from a sell rating to a hold rating in a research report on Monday. Canaccord Genuity boosted their target price on shares of Inseego from $7.00 to $8.50 and gave the company a buy rating in a research note on Monday, October 28th. National Securities restated a buy rating and issued a $5.50 target price on shares of Inseego in a report on Wednesday, August 7th. Finally, ValuEngine cut Inseego from a buy rating to a hold rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Inseego currently has a consensus rating of Buy and an average price target of $6.50.
NASDAQ INSG opened at $6.46 on Tuesday. The stock’s 50-day moving average price is $5.33 and its two-hundred day moving average price is $4.86. The company has a market cap of $517.00 million, a PE ratio of -53.83 and a beta of 0.75. Inseego has a 1 year low of $3.50 and a 1 year high of $6.92.
Institutional investors have recently added to or reduced their stakes in the business. BB&T Securities LLC boosted its stake in shares of Inseego by 14.3% during the 3rd quarter. BB&T Securities LLC now owns 20,000 shares of the technology company’s stock valued at $95,000 after buying an additional 2,500 shares during the period. Traynor Capital Management Inc. raised its holdings in shares of Inseego by 25.0% during the second quarter. Traynor Capital Management Inc. now owns 15,000 shares of the technology company’s stock worth $73,000 after acquiring an additional 3,000 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Inseego by 18.5% during the second quarter. Royal Bank of Canada now owns 21,573 shares of the technology company’s stock worth $103,000 after acquiring an additional 3,373 shares in the last quarter. Advisory Services Network LLC boosted its position in Inseego by 71.2% during the second quarter. Advisory Services Network LLC now owns 10,820 shares of the technology company’s stock valued at $52,000 after purchasing an additional 4,500 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in Inseego by 8.6% during the third quarter. California State Teachers Retirement System now owns 74,507 shares of the technology company’s stock valued at $358,000 after purchasing an additional 5,898 shares during the last quarter. Hedge funds and other institutional investors own 47.24% of the company’s stock.
Inseego Company Profile
Inseego Corp. engages in the design and development of mobile, Internet of Things (IoT), and cloud solutions for large enterprise verticals, service providers, and small and medium-sized businesses worldwide. The company provides wireless 3G, 4G, and 5G hardware products that address various markets, including fleet and commercial telematics, aftermarket telematics, smart city infrastructure management, remote monitoring and control, wireless surveillance systems, security and connected home and fixed wireless access, and mobile broadband devices.
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