1 day Ago By ABMN Staff
Inseego ( NASDAQ:INSG – Get Free Report ) had its target price lifted by equities research analysts at Stifel Nicolaus from $11.00 to $17.00 in a research report issued on Tuesday, Benzinga reports.
The brokerage presently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ price target points to a potential downside of 3.13% from the company’s previous close.
Separately, TD Cowen upped their target price on shares of Inseego from $13.50 to $15.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th.
Check Out Our Latest Analysis on INSG Inseego Stock Performance Inseego ( NASDAQ:INSG – Get Free Report ) last released its quarterly earnings results on Wednesday, August 7th. The technology company reported ($0.02) earnings per share for the quarter.
The company had revenue of $59.15 million during the quarter, compared to the consensus estimate of $53.63 million.
On average, analysts predict that Inseego will post -0.11 earnings per share for the current year. Institutional Trading of Inseego A number of hedge funds have recently made changes to their positions in the stock.
Renaissance Technologies LLC bought a new position in Inseego during the 2nd quarter valued at approximately $274,000. Marshall Wace LLP purchased a new stake in shares of Inseego in the second quarter worth $833,000. Finally, Braslyn Ltd.
bought a new position in shares of Inseego during the fourth quarter valued at $1,675,000. 34.20% of the stock is owned by institutional investors.
Inseego Company Profile ( Get Free Report ) Inseego Corp. engages in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments worldwide. The company provides 5G and 4G mobile broadband solutions, such as mobile hotspots under the MiFi brand; and 4G VoLTE products and 4G USB modems.
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