A number of other equities research analysts have also recently commented on INSG. ValuEngine upgraded shares of Vermillion from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Zacks Investment Research cut shares of IRIDEX from a “hold” rating to a “sell” rating in a research report on Friday, March 8th. Cowen assumed coverage on shares of Inseego in a research report on Friday, May 24th. They set an “outperform” rating and a $8.00 price objective on the stock. National Securities reduced their price objective on shares of Aquabounty Technologies from $6.50 to $5.50 and set a “buy” rating on the stock in a research report on Wednesday, March 20th. Finally, Northland Securities restated a “buy” rating and issued a $65.00 price target on shares of Esperion Therapeutics in a research report on Friday, March 1st. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $6.07.
Shares of NASDAQ INSG traded up $0.05 during trading on Friday, reaching $5.13. 970,953 shares of the company traded hands, compared to its average volume of 1,604,040. The stock has a market capitalization of $403.91 million, a PE ratio of -42.75 and a beta of 0.46. The firm’s 50 day moving average price is $4.73. Inseego has a 52-week low of $1.73 and a 52-week high of $6.00.
In other news, Director Brian Miller sold 3,900,000 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $4.80, for a total transaction of $18,720,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 15.20% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp lifted its stake in Inseego by 4.2% in the fourth quarter. Northern Trust Corp now owns 122,361 shares of the technology company’s stock worth $508,000 after acquiring an additional 4,879 shares during the period. BlackRock Inc. raised its holdings in Inseego by 4.3% in the fourth quarter. BlackRock Inc. now owns 1,095,441 shares of the technology company’s stock worth $4,545,000 after purchasing an additional 45,008 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Inseego by 1,187.4% in the third quarter. JPMorgan Chase & Co. now owns 818,297 shares of the technology company’s stock worth $3,150,000 after purchasing an additional 754,733 shares in the last quarter. Millennium Management LLC raised its holdings in Inseego by 243.5% in the fourth quarter. Millennium Management LLC now owns 292,900 shares of the technology company’s stock worth $1,216,000 after purchasing an additional 207,634 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Inseego by 39.8% in the third quarter. Vanguard Group Inc. now owns 1,854,954 shares of the technology company’s stock worth $7,142,000 after purchasing an additional 528,331 shares in the last quarter. 45.02% of the stock is owned by institutional investors.
Inseego Company Profile
Inseego Corp. engages in the design and development of mobile, Internet of Things (IoT), and cloud solutions for large enterprise verticals, service providers, and small and medium-sized businesses worldwide. The company provides wireless 3G, 4G, and 5G hardware products that address various markets, including fleet and commercial telematics, aftermarket telematics, smart city infrastructure management, remote monitoring and control, wireless surveillance systems, security and connected home and fixed wireless access, and mobile broadband devices.
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