Inseego (NASDAQ:INSG) Price Target Raised to $17.00 at Stifel Nicolaus

Inseego (NASDAQ:INSG) had its target price raised by Stifel Nicolaus from $11.00 to $17.00 in a research note published on Tuesday morning, Benzinga reports. The firm currently has a hold rating on the technology company’s stock.

Separately, TD Cowen upped their target price on Inseego from $13.50 to $15.00 and gave the company a hold rating in a research report on Wednesday, August 14th.

Inseego Price Performance

Shares of NASDAQ:INSG opened at $16.87 on Tuesday. The business’s 50-day moving average is $12.23 and its 200 day moving average is $7.99. Inseego has a 1 year low of $1.62 and a 1 year high of $18.36. The firm has a market capitalization of $200.47 million, a P/E ratio of -4.09 and a beta of 1.61.

Inseego (NASDAQ:INSG) last posted its quarterly earnings data 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. On average, analysts expect that Inseego will post -0.11 EPS for the current year.

Institutional Trading of Inseego

Several institutional investors and hedge funds have recently bought and sold shares of INSG. Braslyn Ltd. purchased a new position in shares of Inseego during the fourth quarter worth $1,675,000. Renaissance Technologies LLC purchased a new position in shares of Inseego during the 2nd quarter valued at about $274,000. Finally, Marshall Wace LLP acquired a new position in shares of Inseego in the 2nd quarter valued at about $833,000. 34.20% of the stock is currently owned by institutional investors and hedge funds.

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.