Inseego Corp. (NASDAQ:INSG) Shares Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. increased its position in shares of Inseego Corp. (NASDAQ:INSG) by 28.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,955 shares of the technology company’s stock after purchasing an additional 7,744 shares during the period. Stratos Wealth Partners LTD. owned 0.23% of Inseego worth $359,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of INSG. Olympiad Research LP acquired a new stake in Inseego during the third quarter worth about $184,000. Covestor Ltd purchased a new position in Inseego during the third quarter worth about $32,000. Dynamic Technology Lab Private Ltd purchased a new position in Inseego during the third quarter worth about $353,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Inseego during the third quarter worth about $73,000. Finally, Aviva Holdings Ltd. purchased a new position in Inseego during the third quarter worth about $41,219,000. 34.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Inseego news, Chairman Philip G. Brace acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average cost of $12.40 per share, for a total transaction of $124,000.00. Following the transaction, the chairman now directly owns 177,763 shares of the company’s stock, valued at approximately $2,204,261.20. This represents a 5.96 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Inseego Stock Performance

Shares of NASDAQ INSG opened at $13.62 on Thursday. The firm has a market capitalization of $203.76 million, a P/E ratio of -7.57 and a beta of 1.50. Inseego Corp. has a one year low of $2.08 and a one year high of $20.67. The company’s fifty day moving average is $11.33 and its two-hundred day moving average is $13.69.

Inseego 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.