Inseego (NASDAQ:INSG) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday.
INSG has been the topic of a number of other research reports. Zacks Investment Research raised shares of Inseego from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. Canaccord Genuity raised their price objective on shares of Inseego from $1.75 to $2.25 and gave the stock a “hold” rating in a report on Thursday, March 8th.
INSG opened at $2.04 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.77 and a debt-to-equity ratio of -2.82. The company has a market capitalization of $102.36, a P/E ratio of -2.62 and a beta of 0.49. Inseego has a 12-month low of $0.87 and a 12-month high of $2.37.
Inseego (NASDAQ:INSG) last posted its quarterly earnings data on Wednesday, March 7th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.08. The business had revenue of $46.53 million during the quarter, compared to analysts’ expectations of $47.62 million. equities research analysts predict that Inseego will post -0.34 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Fusion Family Wealth LLC purchased a new position in shares of Inseego in the fourth quarter worth approximately $237,000. Family Management Corp boosted its holdings in shares of Inseego by 267.9% in the fourth quarter. Family Management Corp now owns 154,500 shares of the technology company’s stock worth $249,000 after buying an additional 112,500 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Inseego by 2.4% in the second quarter. Vanguard Group Inc. now owns 1,050,470 shares of the technology company’s stock worth $1,313,000 after buying an additional 25,100 shares during the last quarter. 7.80% of the stock is currently owned by institutional investors.
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Inseego Corp., together with its subsidiaries, provides software-as-a-service (SaaS) and solutions for Internet of Things (IoT) worldwide. It sells telematics solutions, including fleet management, asset tracking and monitoring, stolen vehicle recovery, and usage-based insurance platforms under the Ctrack brand; and connectivity solutions and device management services.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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