Inseego (NASDAQ:INSG) Upgraded by Roth Mkm to “Buy” Rating

Roth Mkm upgraded shares of Inseego (NASDAQ:INSG) from a neutral rating to a buy rating in a report published on Thursday, Marketbeat Ratings reports. The firm currently has $15.00 target price on the technology company’s stock, up from their previous target price of $13.00.

INSG has been the topic of several other reports. TD Cowen boosted their price objective on shares of Inseego from $13.50 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Stifel Nicolaus boosted their price objective on shares of Inseego from $11.00 to $17.00 and gave the company a “hold” rating in a research note on Tuesday, September 17th.

Inseego Trading Down 3.5 %

INSG stock traded down $0.43 on Thursday, hitting $11.88. The company’s stock had a trading volume of 331,018 shares, compared to its average volume of 184,236. The firm has a 50 day moving average of $17.54 and a two-hundred day moving average of $12.25. Inseego has a 1 year low of $1.62 and a 1 year high of $20.67. The stock has a market cap of $145.89 million, a price-to-earnings ratio of -6.52 and a beta of 1.60.

Hedge Funds Weigh In On Inseego

A number of institutional investors and hedge funds have recently made changes to their positions in INSG. Aviva Holdings Ltd. acquired a new position in shares of Inseego during the 3rd quarter worth $41,219,000. Marshall Wace LLP acquired a new position in shares of Inseego during the 2nd quarter worth $833,000. Renaissance Technologies LLC acquired a new stake in Inseego in the 2nd quarter valued at about $274,000. Dynamic Technology Lab Private Ltd acquired a new stake in Inseego in the 3rd quarter valued at about $353,000. Finally, Centiva Capital LP acquired a new stake in Inseego in the 3rd quarter valued at about $214,000. 34.20% of the stock is 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.