Inseego (NASDAQ:INSG – Free Report) had its price target increased by TD Cowen from $12.00 to $13.50 in a report issued on Tuesday, Benzinga reports. The firm currently has a hold rating on the technology company’s stock.
Inseego Price Performance
NASDAQ INSG opened at $11.61 on Tuesday. Inseego has a fifty-two week low of $1.62 and a fifty-two week high of $13.42. The stock’s 50-day moving average is $7.26 and its two-hundred day moving average is $4.21. The firm has a market cap of $137.93 million, a P/E ratio of -2.82 and a beta of 1.60.
Inseego (NASDAQ:INSG – Get Free Report) last issued its earnings results on Thursday, May 9th. The technology company reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.05. The business had revenue of $45.01 million for the quarter, compared to analyst estimates of $41.40 million. During the same quarter last year, the firm posted ($0.50) earnings per share. On average, equities analysts expect that Inseego will post -0.43 EPS for the current year.
Institutional Inflows and Outflows
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.
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