TD Cowen Cuts Inseego (NASDAQ:INSG) Price Target to $16.00

Inseego (NASDAQ:INSG) had its target price decreased by TD Cowen from $20.00 to $16.00 in a research note issued to investors on Friday,Benzinga reports. TD Cowen currently has a hold rating on the technology company’s stock.

A number of other research analysts also recently weighed in on the stock. Roth Mkm upgraded shares of Inseego from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $13.00 to $15.00 in a research report on Thursday. Stifel Nicolaus increased their price target on Inseego from $11.00 to $17.00 and gave the stock a “hold” rating in a research report on Tuesday, September 17th. Finally, Roth Capital upgraded Inseego from a “hold” rating to a “strong-buy” rating in a research report on Thursday.

Inseego Trading Down 3.5 %

Inseego stock opened at $11.88 on Friday. 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 12 month low of $1.62 and a 12 month high of $20.67. The stock’s 50 day simple moving average is $17.49 and its two-hundred day simple moving average is $12.37.

Institutional Investors Weigh In On Inseego

Several institutional investors have recently bought and sold shares of INSG. Renaissance Technologies LLC purchased a new position in shares of Inseego in the second quarter valued at approximately $274,000. Marshall Wace LLP purchased a new position in Inseego in the 2nd quarter valued at $833,000. Olympiad Research LP acquired a new stake in Inseego during the 3rd quarter worth $184,000. Covestor Ltd purchased a new stake in shares of Inseego during the third quarter worth $32,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Inseego in the third quarter worth about $353,000. 34.20% of the stock is currently owned by institutional investors and hedge funds.

About Inseego

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.