Inseego Corp (NASDAQ:INSG)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $4.82, but opened at $5.04. Inseego shares last traded at $5.08, with a volume of 2,125,427 shares trading hands.

Several research firms have recently weighed in on INSG. ValuEngine raised shares of Vermillion from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. BidaskClub cut shares of Ames National from a “hold” rating to a “sell” rating in a research note on Wednesday. Cowen began coverage on shares of Inseego in a research note on Friday, May 24th. They issued an “outperform” rating and a $8.00 price target for the company. Finally, National Securities dropped their price target on shares of Aquabounty Technologies from $6.50 to $5.50 and set a “buy” rating for the company in a research note on Wednesday, March 20th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $6.07.

The company has a market capitalization of $405.48 million, a PE ratio of -42.33 and a beta of 0.46. The company has a 50-day moving average of $4.72.

Inseego (NASDAQ:INSG) last posted its quarterly earnings data on Wednesday, May 8th. The technology company reported ($0.10) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.10). The company had revenue of $48.56 million for the quarter, compared to analysts’ expectations of $47.57 million. On average, sell-side analysts anticipate that Inseego Corp will post -0.25 earnings per share for the current year.

In related news, Director Brian Miller sold 3,900,000 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $4.80, for a total transaction of $18,720,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 15.20% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Chicago Capital LLC purchased a new position in shares of Inseego during the 2nd quarter worth approximately $96,000. WINTON GROUP Ltd boosted its position in shares of Inseego by 124.8% during the 2nd quarter. WINTON GROUP Ltd now owns 71,245 shares of the technology company’s stock worth $341,000 after purchasing an additional 39,555 shares during the period. RVW Wealth LLC acquired a new stake in Inseego during the 2nd quarter worth approximately $48,000. Resources Investment Advisors Inc. lifted its holdings in Inseego by 54.3% during the 1st quarter. Resources Investment Advisors Inc. now owns 31,900 shares of the technology company’s stock worth $151,000 after buying an additional 11,225 shares in the last quarter. Finally, EAM Global Investors LLC acquired a new stake in Inseego during the 1st quarter worth approximately $1,135,000. 45.02% of the stock is owned by hedge funds and other institutional investors.

About Inseego (NASDAQ:INSG)

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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