Inseego (NASDAQ:INSG) Issues Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Inseego (NASDAQ:INSG) announced its earnings results on Wednesday. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.06), Zacks reports. The company had revenue of $48.09 million during the quarter, compared to the consensus estimate of $45.56 million. Inseego updated its Q1 2025 guidance to EPS.

Inseego Stock Performance

NASDAQ INSG opened at $9.43 on Thursday. Inseego has a fifty-two week low of $2.08 and a fifty-two week high of $20.67. The firm has a market capitalization of $141.09 million, a P/E ratio of -5.93 and a beta of 1.50. The stock’s fifty day moving average is $11.55 and its two-hundred day moving average is $13.80.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on INSG shares. Stifel Nicolaus reduced their price objective 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 Inseego from a “neutral” rating to a “buy” rating and lifted their price target for the company from $13.00 to $15.00 in a research report on Thursday, November 14th. TD Cowen reduced their price target on Inseego from $20.00 to $16.00 and set a “hold” rating for the company in a research report on Friday, November 15th. Finally, Roth Capital raised Inseego from a “hold” rating to a “strong-buy” rating in a 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.