Wall Street analysts forecast that Inseego Corp (NASDAQ:INSG) will announce ($0.04) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Inseego’s earnings, with the lowest EPS estimate coming in at ($0.07) and the highest estimate coming in at $0.00. Inseego posted earnings per share of ($0.03) during the same quarter last year, which would indicate a negative year-over-year growth rate of 33.3%. The company is expected to issue its next quarterly earnings report on Tuesday, August 4th.

On average, analysts expect that Inseego will report full year earnings of ($0.11) per share for the current fiscal year, with EPS estimates ranging from ($0.22) to $0.00. For the next fiscal year, analysts expect that the firm will post earnings of $0.19 per share, with EPS estimates ranging from $0.09 to $0.28. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Inseego.

Inseego (NASDAQ:INSG) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The firm had revenue of $56.80 million for the quarter, compared to the consensus estimate of $52.70 million. The company’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.03) EPS.

A number of brokerages have commented on INSG. National Securities raised Inseego from a “neutral” rating to a “buy” rating in a report on Thursday, March 12th. Zacks Investment Research raised Inseego from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Wednesday. Northland Securities upped their target price on Inseego from $8.00 to $10.00 in a report on Thursday, April 9th. ValuEngine raised Inseego from a “hold” rating to a “buy” rating in a report on Tuesday, March 3rd. Finally, Vertical Group assumed coverage on Inseego in a report on Thursday, April 30th. They issued a “sell” rating for the company. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.25.

INSG stock opened at $9.76 on Wednesday. The stock’s 50 day simple moving average is $10.03 and its 200 day simple moving average is $7.59. Inseego has a fifty-two week low of $3.61 and a fifty-two week high of $15.15. The company has a market cap of $1.02 billion, a P/E ratio of -15.74 and a beta of 1.91.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP bought a new position in Inseego during the fourth quarter valued at $27,000. Point72 Hong Kong Ltd lifted its position in shares of Inseego by 6,363.7% during the fourth quarter. Point72 Hong Kong Ltd now owns 7,304 shares of the technology company’s stock worth $54,000 after acquiring an additional 7,191 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Inseego by 36.3% during the fourth quarter. Victory Capital Management Inc. now owns 8,114 shares of the technology company’s stock worth $54,000 after acquiring an additional 2,160 shares in the last quarter. LS Investment Advisors LLC purchased a new stake in shares of Inseego during the first quarter worth $54,000. Finally, US Bancorp DE lifted its position in shares of Inseego by 339.0% during the first quarter. US Bancorp DE now owns 8,779 shares of the technology company’s stock worth $54,000 after acquiring an additional 6,779 shares in the last quarter. 38.51% of the stock is owned by institutional investors and hedge funds.

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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