Inseego (NASDAQ:INSG) Upgraded by Roth Mkm to Buy Rating

Roth Mkm upgraded shares of Inseego (NASDAQ:INSG) from a neutral rating to a buy rating in a report issued on Thursday, Marketbeat reports. They currently have $15.00 price target on the technology company’s stock, up from their previous price target of $13.00.

Several other equities analysts have also issued reports on the company. Stifel Nicolaus boosted their price objective on Inseego from $11.00 to $17.00 and gave the company a “hold” rating in a research report on Tuesday, September 17th. TD Cowen upped their price target on shares of Inseego from $13.50 to $15.00 and gave the company a “hold” rating in a report on Wednesday, August 14th.

Inseego Trading Down 3.5 %

INSG stock opened at $11.88 on Thursday. Inseego has a 1-year low of $1.62 and a 1-year high of $20.67. The firm has a market cap of $177.61 million, a PE ratio of -6.60 and a beta of 1.60. The business’s 50-day moving average price is $17.49 and its two-hundred day moving average price is $12.37.

Institutional Investors Weigh In On Inseego

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP acquired a new position in Inseego during the 3rd quarter worth approximately $26,000. Covestor Ltd acquired a new position in Inseego during the third quarter worth $32,000. Barclays PLC boosted its holdings in Inseego by 71.3% during the third quarter. Barclays PLC now owns 4,051 shares of the technology company’s stock worth $67,000 after purchasing an additional 1,686 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Inseego in the third quarter valued at $73,000. Finally, Olympiad Research LP acquired a new stake in Inseego in the 3rd quarter valued at $184,000. Institutional investors and hedge funds own 34.20% of the company’s stock.

Inseego Company Profile

Inseego Corp. engages in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments worldwide. The company provides 5G and 4G mobile broadband solutions, such as mobile hotspots under the MiFi brand; and 4G VoLTE products and 4G USB modems.