Inseego (NASDAQ:INSG - Get Free Report) was upgraded by equities research analysts at Roth Capital from a "hold" rating to a "strong-buy" rating in a research note issued on Thursday,Zacks.com reports.
A number of other research firms have also recently weighed in on INSG. Roth Mkm upgraded Inseego from a "neutral" rating to a "buy" rating and raised their price target for the company from $13.00 to $15.00 in a research note on Thursday. Stifel Nicolaus boosted their target price on Inseego from $11.00 to $17.00 and gave the stock a "hold" rating in a research note on Tuesday, September 17th. Finally, TD Cowen upped their price target on Inseego from $13.50 to $15.00 and gave the company a "hold" rating in a report on Wednesday, August 14th.
Read Our Latest Research Report on INSG
Inseego Stock Down 3.5 %
NASDAQ INSG traded down $0.43 during trading hours on Thursday, hitting $11.88. 360,031 shares of the company were exchanged, compared to its average volume of 184,367. The firm has a market cap of $145.89 million, a price-to-earnings ratio of -6.52 and a beta of 1.60. The company has a 50 day moving average of $17.54 and a two-hundred day moving average of $12.25. Inseego has a 52-week low of $1.62 and a 52-week high of $20.67.
Institutional Trading of Inseego
Several institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP acquired a new position in Inseego in the 3rd quarter valued at about $26,000. Covestor Ltd acquired a new position in shares of Inseego in the third quarter valued at approximately $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Inseego during the third quarter worth approximately $73,000. Olympiad Research LP purchased a new stake in shares of Inseego during the third quarter worth approximately $184,000. Finally, Centiva Capital LP purchased a new position in Inseego in the 3rd quarter valued at $214,000. Hedge funds and other institutional investors own 34.20% of the company's stock.
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.
Featured Articles
Before you consider Inseego, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Inseego wasn't on the list.
While Inseego currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
