Diversify Advisory Services LLC Purchases Shares of 12,750 Inseego Corp. (NASDAQ:INSG)

Diversify Advisory Services LLC acquired a new position in shares of Inseego Corp. (NASDAQ:INSG) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 12,750 shares of the technology company’s stock, valued at approximately $142,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Inseego in the third quarter worth $26,000. Barclays PLC grew its position in Inseego by 71.3% in the 3rd quarter. Barclays PLC now owns 4,051 shares of the technology company’s stock valued at $67,000 after buying an additional 1,686 shares in the last quarter. Covestor Ltd bought a new stake in shares of Inseego during the 3rd quarter worth about $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Inseego in the 3rd quarter worth approximately $73,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Inseego by 7.6% in the third quarter. Geode Capital Management LLC now owns 104,304 shares of the technology company’s stock valued at $1,704,000 after acquiring an additional 7,325 shares in the last quarter. 34.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

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

Inseego Stock Up 3.4 %

Shares of NASDAQ INSG opened at $12.39 on Friday. Inseego Corp. has a 52-week low of $1.87 and a 52-week high of $20.67. The stock has a market capitalization of $185.35 million, a price-to-earnings ratio of -6.88 and a beta of 1.49. The stock’s fifty day simple moving average is $11.33 and its 200 day simple moving average is $13.51.

Analyst Ratings Changes

A number of research firms have weighed in on INSG. TD Cowen cut their target price on Inseego from $20.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, November 15th. Stifel Nicolaus decreased their target price on Inseego from $17.00 to $12.00 and set a “hold” rating for the company in a research note on Friday, December 20th. Roth Mkm upgraded shares of Inseego from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $13.00 to $15.00 in a research report on Thursday, November 14th. Finally, Roth Capital upgraded shares of Inseego from a “hold” rating to a “strong-buy” rating 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.