Inseego (NASDAQ:INSG - Free Report) had its target price lowered by Stifel Nicolaus from $17.00 to $12.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has a hold rating on the technology company's stock.
INSG has been the topic of several other reports. Roth Mkm upgraded shares of Inseego from a "neutral" rating to a "buy" rating and upped their price target for the company from $13.00 to $15.00 in a research note on Thursday, November 14th. TD Cowen decreased their target price on shares of Inseego from $20.00 to $16.00 and set a "hold" rating on the stock in a research report on Friday, November 15th. Finally, Roth Capital raised shares of Inseego from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 14th.
Read Our Latest Analysis on INSG
Inseego Trading Down 0.6 %
Shares of NASDAQ:INSG traded down $0.07 during trading on Friday, reaching $10.81. 255,939 shares of the stock were exchanged, compared to its average volume of 184,437. The firm has a market cap of $161.66 million, a PE ratio of -6.01 and a beta of 1.48. Inseego has a 12 month low of $1.62 and a 12 month high of $20.67. The stock has a 50-day moving average price of $14.66 and a 200-day moving average price of $13.28.
Insider Buying and Selling
In other Inseego news, Chairman Philip G. Brace bought 10,000 shares of the business's stock in a transaction on Friday, November 15th. The stock was purchased at an average cost of $12.40 per share, for a total transaction of $124,000.00. Following the completion of the purchase, the chairman now directly owns 177,763 shares of the company's stock, valued at approximately $2,204,261.20. This trade represents a 5.96 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by company insiders.
Hedge Funds Weigh In On Inseego
Several hedge funds and other institutional investors have recently modified their holdings of INSG. Quarry LP acquired a new position in Inseego during the 3rd quarter worth approximately $26,000. Covestor Ltd bought a new stake in shares of Inseego during the third quarter worth $32,000. Barclays PLC increased its holdings in shares of Inseego by 71.3% during the third quarter. Barclays PLC now owns 4,051 shares of the technology company's stock worth $67,000 after buying an additional 1,686 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Inseego in the 3rd quarter valued at $73,000. Finally, Olympiad Research LP acquired a new stake in shares of Inseego during the 3rd quarter valued at $184,000. Institutional investors own 34.20% of the company's stock.
Inseego Company Profile
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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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