Inseego (NASDAQ:INSG) Raised to Buy at Roth Mkm

Roth Mkm upgraded shares of Inseego (NASDAQ:INSG) from a neutral rating to a buy rating in a research note published on Thursday morning, Marketbeat reports. They currently have $15.00 price target on the technology company’s stock, up from their previous price target of $13.00.

A number of other equities analysts have also issued reports on the stock. Stifel Nicolaus upped their target price on shares of Inseego from $11.00 to $17.00 and gave the stock a “hold” rating in a research report on Tuesday, September 17th. TD Cowen increased their price objective on Inseego from $13.50 to $15.00 and gave the company a “hold” rating in a research report on Wednesday, August 14th.

Inseego Stock Performance

Shares of NASDAQ:INSG opened at $11.88 on Thursday. The business has a fifty day moving average of $17.49 and a 200-day moving average of $12.37. The firm has a market cap of $177.61 million, a PE ratio of -6.60 and a beta of 1.60. Inseego has a twelve month low of $1.62 and a twelve month high of $20.67.

Institutional Investors Weigh In On Inseego

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP bought a new position in Inseego in the third quarter valued at approximately $26,000. Covestor Ltd bought a new position in shares of Inseego in the 3rd quarter worth $32,000. Barclays PLC grew its stake 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 purchasing an additional 1,686 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Inseego in the third quarter valued at about $73,000. Finally, Olympiad Research LP acquired a new position in Inseego in the third quarter valued at about $184,000. 34.20% of the stock is owned by institutional investors.

Inseego Company Profile

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.