Inseego Corp. (NASDAQ:INSG) had its price objective boosted by stock analysts at Canaccord Genuity from $1.25 to $1.50 in a research report issued on Tuesday. The brokerage currently has a “hold” rating on the technology company’s stock. Canaccord Genuity’s target price points to a potential upside of 30.43% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Inseego Corp. from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. ValuEngine downgraded Inseego Corp. from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 16th. Finally, Northland Securities set a $2.00 price objective on Inseego Corp. and gave the company a “buy” rating in a research report on Monday, June 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $2.00.

Shares of Inseego Corp. (INSG) traded up 3.60% during mid-day trading on Tuesday, reaching $1.15. The company’s stock had a trading volume of 1,094,499 shares. Inseego Corp. has a 1-year low of $0.87 and a 1-year high of $3.80. The firm’s market capitalization is $64.37 million. The company’s 50-day moving average is $1.25 and its 200 day moving average is $1.97.

Inseego Corp. (NASDAQ:INSG) last released its quarterly earnings results on Monday, August 7th. The technology company reported ($0.21) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.21). Inseego Corp. had a negative return on equity of 204.22% and a negative net margin of 27.92%. The company had revenue of $59.91 million during the quarter, compared to analysts’ expectations of $55.11 million. On average, analysts expect that Inseego Corp. will post ($0.34) earnings per share for the current year.

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Several large investors have recently made changes to their positions in INSG. Spark Investment Management LLC increased its stake in shares of 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. Goldman Sachs Group Inc. increased its stake in shares of 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. Dimensional Fund Advisors LP acquired a new stake in shares of Inseego Corp. during the fourth quarter worth approximately $1,485,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Inseego Corp. during the fourth quarter worth approximately $1,748,000. 12.36% of the stock is owned by institutional investors and hedge funds.

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.

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