Equities research analysts expect Inseego Corp (NASDAQ:INSG) to post sales of $53.17 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Inseego’s earnings. The lowest sales estimate is $53.04 million and the highest is $53.30 million. Inseego reported sales of $49.06 million during the same quarter last year, which indicates a positive year-over-year growth rate of 8.4%. The firm is expected to issue its next quarterly earnings results on Tuesday, August 6th.

On average, analysts expect that Inseego will report full year sales of $224.18 million for the current financial year, with estimates ranging from $221.85 million to $226.50 million. For the next year, analysts expect that the company will post sales of $272.52 million, with estimates ranging from $263.43 million to $281.60 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Inseego.

Inseego (NASDAQ:INSG) last issued its quarterly earnings results 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 firm had revenue of $48.56 million for the quarter, compared to the consensus estimate of $47.57 million.

A number of analysts have recently weighed in on INSG shares. ValuEngine raised shares of Inseego from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 19th. BidaskClub raised shares of Inseego from a “hold” rating to a “buy” rating in a report on Monday, February 25th. Northland Securities reaffirmed a “buy” rating and set a $6.00 price target on shares of Inseego in a report on Friday, March 1st. Zacks Investment Research downgraded shares of Inseego from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Finally, National Securities started coverage on shares of Inseego in a report on Wednesday, March 20th. They set a “buy” rating and a $6.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $6.07.

Shares of Inseego stock traded up $0.01 on Wednesday, reaching $4.65. 501,964 shares of the stock were exchanged, compared to its average volume of 888,471. Inseego has a one year low of $1.73 and a one year high of $6.00. The company has a market cap of $366.11 million, a PE ratio of -38.75 and a beta of 0.55.

A number of large investors have recently modified their holdings of INSG. Cannell Capital LLC bought a new position in Inseego in the 4th quarter valued at approximately $6,477,000. JPMorgan Chase & Co. lifted its stake in Inseego by 1,187.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 818,297 shares of the technology company’s stock valued at $3,150,000 after purchasing an additional 754,733 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Inseego by 36.3% in the 1st quarter. Renaissance Technologies LLC now owns 2,358,800 shares of the technology company’s stock valued at $11,134,000 after purchasing an additional 628,500 shares during the last quarter. Vanguard Group Inc lifted its stake in Inseego by 39.8% in the 3rd quarter. Vanguard Group Inc now owns 1,854,954 shares of the technology company’s stock valued at $7,142,000 after purchasing an additional 528,331 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Inseego by 39.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,854,954 shares of the technology company’s stock valued at $7,142,000 after purchasing an additional 528,331 shares during the last quarter. 44.96% of the stock is owned by institutional investors and hedge funds.

About Inseego

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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