Inseego (NASDAQ:INSG) Upgraded at Roth Mkm

Inseego (NASDAQ:INSG) was upgraded by research analysts at Roth Mkm from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm presently has a $15.00 price target on the technology company’s stock, up from their previous price target of $13.00. Roth Mkm’s price target would suggest a potential upside of 26.26% from the stock’s previous close.

Several other analysts have also recently weighed in on the company. TD Cowen lifted their price target on Inseego from $13.50 to $15.00 and gave the stock a “hold” rating in a report on Wednesday, August 14th. Stifel Nicolaus boosted their target price on shares of Inseego from $11.00 to $17.00 and gave the company a “hold” rating in a research report on Tuesday, September 17th.

Inseego Price Performance

Shares of Inseego stock opened at $11.88 on Thursday. Inseego has a 1 year low of $1.62 and a 1 year high of $20.67. The company has a market capitalization of $145.89 million, a price-to-earnings ratio of -6.60 and a beta of 1.60. The business has a fifty day simple moving average of $17.54 and a two-hundred day simple moving average of $12.25.

Institutional Trading of Inseego

A number of institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new position in Inseego in the third quarter valued at about $26,000. Barclays PLC increased its holdings in Inseego by 71.3% in the 3rd quarter. Barclays PLC now owns 4,051 shares of the technology company’s stock valued at $67,000 after buying an additional 1,686 shares during the period. Covestor Ltd acquired a new position in shares of Inseego in the 3rd quarter valued at approximately $32,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Inseego during the 3rd quarter worth approximately $73,000. Finally, Olympiad Research LP bought a new position in Inseego in the third quarter valued at approximately $184,000. 34.20% of the stock is currently owned by institutional investors.

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.