Research Analysts’ Recent Ratings Changes for Inseego (INSG)

A number of research firms have changed their ratings and price targets for Inseego (NASDAQ: INSG):

  • 1/13/2020 – Inseego had its price target raised by analysts at Cowen Inc from $8.00 to $9.00. They now have an “outperform” rating on the stock.
  • 1/11/2020 – Inseego was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 1/9/2020 – Inseego had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $8.00 price target on the stock.
  • 1/9/2020 – Inseego had its price target raised by analysts at Lake Street Capital from $6.50 to $9.00. They now have a “buy” rating on the stock.
  • 1/4/2020 – Inseego was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $9.25 price target on the stock. According to Zacks, “Inseego Corp. is a provider of software-as-a-service and solutions for the Internet of Things. The company sells telematics solutions under the Ctrack brand, including fleet management, asset tracking and monitoring, stolen vehicle recovery and usage-based insurance platforms. It also sells business connectivity solutions and device management services through Novatel Wireless, Inc. and Feeney Wireless. Inseego Corp., formerly known as Novatel Wireless Inc., is headquartered in San Diego, California. “
  • 12/30/2019 – Inseego had its “buy” rating reaffirmed by analysts at Lake Street Capital. They now have a $6.50 price target on the stock.
  • 12/20/2019 – Inseego was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 12/17/2019 – Inseego was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Inseego Corp. is a provider of software-as-a-service and solutions for the Internet of Things. The company sells telematics solutions under the Ctrack brand, including fleet management, asset tracking and monitoring, stolen vehicle recovery and usage-based insurance platforms. It also sells business connectivity solutions and device management services through Novatel Wireless, Inc. and Feeney Wireless. Inseego Corp., formerly known as Novatel Wireless Inc., is headquartered in San Diego, California. “
  • 12/13/2019 – Inseego was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 12/6/2019 – Inseego was downgraded by analysts at National Securities to a “hold” rating. They now have a $6.50 price target on the stock.
  • 12/3/2019 – Inseego was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 12/3/2019 – Inseego was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 12/2/2019 – Inseego was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Inseego Corp. is a provider of software-as-a-service and solutions for the Internet of Things. The company sells telematics solutions under the Ctrack brand, including fleet management, asset tracking and monitoring, stolen vehicle recovery and usage-based insurance platforms. It also sells business connectivity solutions and device management services through Novatel Wireless, Inc. and Feeney Wireless. Inseego Corp., formerly known as Novatel Wireless Inc., is headquartered in San Diego, California. “
  • 11/26/2019 – Inseego was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Inseego Corp. is a provider of software-as-a-service and solutions for the Internet of Things. The company sells telematics solutions under the Ctrack brand, including fleet management, asset tracking and monitoring, stolen vehicle recovery and usage-based insurance platforms. It also sells business connectivity solutions and device management services through Novatel Wireless, Inc. and Feeney Wireless. Inseego Corp., formerly known as Novatel Wireless Inc., is headquartered in San Diego, California. “
  • 11/26/2019 – Inseego is now covered by analysts at Northland Securities. They set a “buy” rating and a $6.00 price target on the stock.
  • 11/21/2019 – Inseego was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 11/20/2019 – Inseego was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Inseego Corp. is a provider of software-as-a-service and solutions for the Internet of Things. The company sells telematics solutions under the Ctrack brand, including fleet management, asset tracking and monitoring, stolen vehicle recovery and usage-based insurance platforms. It also sells business connectivity solutions and device management services through Novatel Wireless, Inc. and Feeney Wireless. Inseego Corp., formerly known as Novatel Wireless Inc., is headquartered in San Diego, California. “

Shares of NASDAQ INSG traded down $0.34 on Thursday, reaching $8.07. 31,538 shares of the company traded hands, compared to its average volume of 1,953,955. Inseego Corp has a fifty-two week low of $3.61 and a fifty-two week high of $8.95. The company has a 50 day moving average of $7.16 and a 200 day moving average of $5.40. The stock has a market capitalization of $630.84 million, a PE ratio of -67.25 and a beta of 0.78.

Inseego (NASDAQ:INSG) last posted its earnings results on Wednesday, November 6th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.08. The business had revenue of $62.72 million for the quarter, compared to analyst estimates of $59.77 million. The firm’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period last year, the company posted ($0.10) EPS. As a group, analysts anticipate that Inseego Corp will post -0.48 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of INSG. Metropolitan Life Insurance Co NY purchased a new position in Inseego in the 3rd quarter worth approximately $74,000. Millennium Management LLC purchased a new position in shares of Inseego during the 3rd quarter valued at approximately $118,000. Penserra Capital Management LLC boosted its stake in shares of Inseego by 25.0% during the 3rd quarter. Penserra Capital Management LLC now owns 119,348 shares of the technology company’s stock valued at $572,000 after buying an additional 23,864 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Inseego by 8.6% during the 3rd quarter. California State Teachers Retirement System now owns 74,507 shares of the technology company’s stock valued at $358,000 after buying an additional 5,898 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Inseego by 11.8% during the 3rd quarter. State Street Corp now owns 821,243 shares of the technology company’s stock valued at $3,942,000 after buying an additional 86,996 shares during the last quarter. 47.05% of the stock is owned by hedge funds and other institutional investors.

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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