Inseego (NASDAQ:INSG) Raised to “Strong-Buy” at Roth Capital

Roth Capital upgraded shares of Inseego (NASDAQ:INSG) from a hold rating to a strong-buy rating in a research note released on Thursday,Zacks.com reports.

A number of other research firms also recently commented on INSG. TD Cowen boosted their price target on Inseego from $13.50 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, August 14th. Roth Mkm raised shares of Inseego from a “neutral” rating to a “buy” rating and upped their price target for the stock from $13.00 to $15.00 in a report on Thursday. Finally, Stifel Nicolaus lifted 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 Price Performance

Inseego stock opened at $11.88 on Thursday. The stock’s fifty day moving average price is $17.49 and its two-hundred day moving average price is $12.37. 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 one year low of $1.62 and a one year high of $20.67.

Institutional Investors Weigh In On Inseego

Hedge funds have recently made changes to their positions in the stock. Quarry LP acquired a new position in Inseego during the 3rd quarter worth approximately $26,000. Covestor Ltd acquired a new position in shares of Inseego during the third quarter worth $32,000. Barclays PLC lifted its stake in shares of 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 acquiring an additional 1,686 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Inseego during the 3rd quarter valued at $73,000. Finally, Olympiad Research LP bought a new stake in Inseego during the 3rd quarter worth $184,000. 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.