Inseego Corp. (NASDAQ:INSG) issued its earnings results on Monday. The technology company reported ($0.21) EPS for the quarter, hitting the consensus estimate of ($0.21), Morningstar.com reports. Inseego Corp. had a negative return on equity of 204.22% and a negative net margin of 27.92%.

Shares of Inseego Corp. (INSG) traded up 9.91% on Tuesday, reaching $1.22. The company had a trading volume of 370,853 shares. The company’s 50-day moving average price is $1.25 and its 200-day moving average price is $1.97. Inseego Corp. has a 52-week low of $0.87 and a 52-week high of $3.80. The firm’s market capitalization is $68.28 million.

INSG has been the subject of several research reports. Zacks Investment Research cut Inseego Corp. from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. ValuEngine cut Inseego Corp. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 16th. Canaccord Genuity reaffirmed a “hold” rating and issued a $1.25 target price on shares of Inseego Corp. in a research report on Thursday, June 8th. Finally, Northland Securities set a $2.00 target price on Inseego Corp. and gave the stock a “buy” rating in a research report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $1.94.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP bought a new position in Inseego Corp. during the fourth quarter worth $1,485,000. Renaissance Technologies LLC bought a new position in Inseego Corp. during the fourth quarter worth $1,748,000. Two Sigma Investments LP bought a new position in Inseego Corp. during the fourth quarter worth $167,000. Spark Investment Management LLC raised its position in Inseego Corp. by 55.1% in the first quarter. Spark Investment Management LLC now owns 58,800 shares of the technology company’s stock worth $122,000 after buying an additional 20,900 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Inseego Corp. by 2,239.6% in the first quarter. Goldman Sachs Group Inc. now owns 696,502 shares of the technology company’s stock worth $1,456,000 after buying an additional 666,732 shares in the last quarter. Institutional investors own 12.36% of the company’s stock.

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About Inseego Corp.

Novatel Wireless, Inc is a provider of intelligent wireless solutions for the mobile communications market. The Company’s range of products includes intelligent mobile hotspots, universal serial bus (USB) modems, embedded modules, integrated asset-management and mobile tracking machine-to-machine (M2M) devices, communications and applications software and cloud services.

Earnings History for Inseego Corp. (NASDAQ:INSG)

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