BidaskClub Lowers Inseego (INSG) to Strong Sell
A number of other equities analysts also recently weighed in on the company. Lake Street Capital restated a buy rating and issued a $6.50 target price on shares of Inseego in a research note on Monday, January 14th. ValuEngine upgraded Inseego from a buy rating to a strong-buy rating in a research note on Monday, January 7th. Canaccord Genuity restated a buy rating and issued a $6.50 target price (up previously from $5.50) on shares of Inseego in a research note on Friday, January 11th. National Securities started coverage on Inseego in a research note on Wednesday, March 20th. They issued a buy rating and a $6.00 target price on the stock. Finally, Northland Securities restated a buy rating and issued a $6.00 target price on shares of Inseego in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $5.75.
Shares of NASDAQ INSG traded up $0.08 during midday trading on Thursday, reaching $4.56. The company’s stock had a trading volume of 513,897 shares, compared to its average volume of 920,921. Inseego has a 12-month low of $1.65 and a 12-month high of $6.00. The company has a market capitalization of $338.74 million, a PE ratio of -38.00 and a beta of 0.64.
A number of institutional investors have recently bought and sold shares of INSG. Resources Investment Advisors Inc. purchased a new position in Inseego in the fourth quarter valued at approximately $86,000. Jane Street Group LLC purchased a new position in Inseego in the third quarter valued at approximately $134,000. Virtu Financial LLC purchased a new position in Inseego in the third quarter valued at approximately $156,000. PEAK6 Investments LLC lifted its stake in Inseego by 103.3% in the fourth quarter. PEAK6 Investments LLC now owns 56,132 shares of the technology company’s stock valued at $233,000 after purchasing an additional 28,528 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Inseego by 4.2% in the fourth quarter. Northern Trust Corp now owns 122,361 shares of the technology company’s stock valued at $508,000 after purchasing an additional 4,879 shares during the last quarter. Institutional investors and hedge funds own 42.19% 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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