Roth Capital Upgrades Inseego (NASDAQ:INSG) to “Strong-Buy”

Inseego (NASDAQ:INSG) was upgraded by investment analysts at Roth Capital from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

INSG has been the topic of several other research reports. Stifel Nicolaus increased their target price on Inseego from $11.00 to $17.00 and gave the company a “hold” rating in a research report on Tuesday, September 17th. Roth Mkm raised shares of Inseego from a “neutral” rating to a “buy” rating and increased their target price for the company from $13.00 to $15.00 in a research report on Thursday. Finally, TD Cowen upped their price target on Inseego from $13.50 to $15.00 and gave the stock a “hold” rating in a research report on Wednesday, August 14th.

Inseego Stock Performance

Shares of INSG opened at $11.88 on Thursday. The stock has a market capitalization of $145.89 million, a PE ratio of -6.52 and a beta of 1.60. The company has a 50 day moving average price of $17.54 and a 200-day moving average price of $12.25. Inseego has a fifty-two week low of $1.62 and a fifty-two week high of $20.67.

Hedge Funds Weigh In On Inseego

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new position in shares of Inseego in the third quarter worth about $26,000. Barclays PLC raised its holdings in Inseego by 71.3% in the 3rd quarter. Barclays PLC now owns 4,051 shares of the technology company’s stock worth $67,000 after purchasing an additional 1,686 shares during the period. Covestor Ltd purchased a new position in Inseego during the third quarter worth approximately $32,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Inseego in the third quarter valued at approximately $73,000. Finally, Olympiad Research LP acquired a new position in shares of Inseego during the 3rd quarter worth approximately $184,000. Institutional investors and hedge funds own 34.20% of the company’s stock.

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.