Northland Securities Reiterates Buy Rating for Inseego Corp. (INSG)
Northland Securities reiterated their buy rating on shares of Inseego Corp. (NASDAQ:INSG) in a research note published on Sunday morning. Northland Securities currently has a $2.00 price objective on the technology company’s stock.
A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Inseego Corp. from a hold rating to a sell rating in a research note on Tuesday, August 29th. Canaccord Genuity boosted their price target on shares of Inseego Corp. from $1.25 to $1.50 and gave the stock a hold rating in a research note on Tuesday, August 8th. Finally, ValuEngine raised shares of Inseego Corp. from a strong sell rating to a sell rating in a research note on Tuesday, June 27th.
Inseego Corp. (NASDAQ:INSG) opened at 1.51 on Friday. The firm’s market cap is $84.85 million. Inseego Corp. has a 1-year low of $0.87 and a 1-year high of $3.23. The company’s 50 day moving average is $1.22 and its 200-day moving average is $1.62.
Inseego Corp. (NASDAQ:INSG) last announced its earnings results on Monday, August 7th. The technology company reported ($0.21) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.21). The company had revenue of $59.91 million during the quarter, compared to the consensus estimate of $55.11 million. On average, analysts predict that Inseego Corp. will post ($0.35) EPS for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Inseego Corp. by 2.4% in the second quarter. Vanguard Group Inc. now owns 1,050,470 shares of the technology company’s stock valued at $1,313,000 after buying an additional 25,100 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Inseego Corp. by 0.6% in the second quarter. Goldman Sachs Group Inc. now owns 700,539 shares of the technology company’s stock valued at $876,000 after buying an additional 4,037 shares during the period. Finally, Spark Investment Management LLC boosted its holdings in shares of Inseego Corp. by 55.1% in the first quarter. Spark Investment Management LLC now owns 58,800 shares of the technology company’s stock valued at $122,000 after buying an additional 20,900 shares during the period. Institutional investors own 9.89% of the company’s stock.
Inseego Corp. Company Profile
Novatel Wireless, Inc is a provider of intelligent wireless solutions for the mobile communications market. The Company’s range of products includes intelligent mobile hotspots, universal serial bus (USB) modems, embedded modules, integrated asset-management and mobile tracking machine-to-machine (M2M) devices, communications and applications software and cloud services.
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