Inseego Corp. (NASDAQ:INSG - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.53 and traded as high as $19.67. Inseego shares last traded at $19.67, with a volume of 93,409 shares changing hands.
Wall Street Analysts Forecast Growth
INSG has been the topic of a number of research reports. TD Cowen lifted their target price on shares of Inseego from $13.50 to $15.00 and gave the company a "hold" rating in a research note on Wednesday, August 14th. Stifel Nicolaus boosted their price objective on shares of Inseego from $11.00 to $17.00 and gave the stock a "hold" rating in a research note on Tuesday, September 17th.
Check Out Our Latest Report on INSG
Inseego Stock Down 0.8 %
The firm has a fifty day moving average price of $16.19 and a two-hundred day moving average price of $10.65. The stock has a market capitalization of $231.96 million, a P/E ratio of -4.74 and a beta of 1.61.
Inseego (NASDAQ:INSG - Get Free Report) last issued its earnings results on Wednesday, August 7th. The technology company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $59.15 million for the quarter, compared to analysts' expectations of $53.63 million. Sell-side analysts anticipate that Inseego Corp. will post -0.11 earnings per share for the current fiscal year.
Institutional Trading of Inseego
An institutional investor recently bought a new position in Inseego stock. Marshall Wace LLP acquired a new position in Inseego Corp. (NASDAQ:INSG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 78,138 shares of the technology company's stock, valued at approximately $833,000. Marshall Wace LLP owned 0.66% of Inseego at the end of the most recent reporting period. 34.20% of the stock is currently owned by institutional investors and hedge funds.
About Inseego
(
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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