Inseego (INSG) Expected to Announce Quarterly Earnings on Wednesday

Inseego (NASDAQ:INSG) is expected to be announcing its earnings results after the market closes on Wednesday, February 19th. Analysts expect Inseego to post earnings of $0.02 per share and revenue of $45.56 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Inseego Stock Down 0.9 %

Shares of NASDAQ INSG opened at $12.70 on Wednesday. The stock has a market capitalization of $189.99 million, a price-to-earnings ratio of -7.06 and a beta of 1.50. Inseego has a 52 week low of $2.08 and a 52 week high of $20.67. The firm has a 50-day moving average price of $11.34 and a 200 day moving average price of $13.66.

Insider Buying and Selling

In other Inseego news, Chairman Philip G. Brace purchased 10,000 shares of Inseego stock in a transaction on Friday, November 15th. The shares were bought at an average price of $12.40 per share, with a total value of $124,000.00. Following the purchase, the chairman now directly owns 177,763 shares in the company, valued at $2,204,261.20. This trade represents a 5.96 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus reduced their price target on shares of Inseego from $17.00 to $12.00 and set a “hold” rating for the company in a research report on Friday, December 20th. Roth Capital raised Inseego from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 14th. TD Cowen lowered their target price on Inseego from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Finally, Roth Mkm upgraded Inseego from a “neutral” rating to a “buy” rating and raised their price target for the company from $13.00 to $15.00 in a research report on Thursday, November 14th.

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.