Inseego (NASDAQ:INSG) Posts Earnings Results, Misses Expectations By $0.06 EPS

Inseego (NASDAQ:INSG) issued its quarterly earnings results on Wednesday. The technology company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.06), Zacks reports. Inseego had a negative return on equity of 4.08% and a net margin of 2.22%. The firm had revenue of $48.09 million for the quarter, compared to analysts’ expectations of $45.56 million. Inseego updated its Q1 2025 guidance to EPS.

Inseego Price Performance

Shares of Inseego stock opened at $13.10 on Friday. Inseego has a 12 month low of $2.08 and a 12 month high of $20.67. The stock has a market capitalization of $195.90 million, a price-to-earnings ratio of -21.12 and a beta of 1.50. The firm’s fifty day simple moving average is $11.57 and its 200-day simple moving average is $13.80.

Analyst Upgrades and Downgrades

INSG has been the subject of several research analyst reports. TD Cowen lowered their price target on Inseego from $20.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, November 15th. Roth Capital raised Inseego from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 14th. Roth Mkm raised shares of Inseego from a “neutral” rating to a “buy” rating and increased their price target for the stock from $13.00 to $15.00 in a research report on Thursday, November 14th. Finally, Stifel Nicolaus cut their target price on shares of Inseego from $17.00 to $12.00 and set a “hold” rating on the stock in a research note on Friday, December 20th.

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.