Inseego (NASDAQ:INSG) Upgraded 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, MarketBeat.com reports. The brokerage currently has $15.00 target price on the technology company’s stock, up from their prior target price of $13.00.

A number of other research 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 company a “hold” rating in a report on Tuesday, September 17th. TD Cowen upped their target price on shares of Inseego from $13.50 to $15.00 and gave the company a “hold” rating in a report on Wednesday, August 14th.

Inseego Stock Performance

NASDAQ INSG traded down $0.43 during trading hours on Thursday, reaching $11.88. The company’s stock had a trading volume of 331,018 shares, compared to its average volume of 184,236. The stock has a market cap of $145.89 million, a PE ratio of -6.52 and a beta of 1.60. Inseego has a fifty-two week low of $1.62 and a fifty-two week high of $20.67. The company’s 50-day moving average is $17.54 and its two-hundred day moving average is $12.25.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aviva Holdings Ltd. purchased a new position in shares of Inseego during the 3rd quarter worth about $41,219,000. Marshall Wace LLP purchased a new position in shares of Inseego during the 2nd quarter worth about $833,000. Renaissance Technologies LLC purchased a new position in shares of Inseego during the 2nd quarter worth about $274,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Inseego during the 3rd quarter worth about $353,000. Finally, Centiva Capital LP purchased a new position in shares of Inseego during the 3rd quarter worth about $214,000. 34.20% of the stock is currently owned by hedge funds and other 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.