Inseego (NASDAQ:INSG – Get Free Report) was upgraded by research analysts at Roth Mkm from a “neutral” rating to a “buy” rating in a report issued on Thursday, MarketBeat reports. The brokerage presently has a $15.00 target price on the technology company’s stock, up from their prior target price of $13.00. Roth Mkm’s price objective indicates a potential upside of 26.26% from the company’s current price.
A number of other research firms have also recently issued reports on INSG. TD Cowen lifted their price target on Inseego from $13.50 to $15.00 and gave the company a “hold” rating in a report on Wednesday, August 14th. Stifel Nicolaus upped their target price on shares of Inseego from $11.00 to $17.00 and gave the stock a “hold” rating in a research report on Tuesday, September 17th.
Check Out Our Latest Stock Analysis on Inseego
Inseego Price Performance
Institutional Trading of Inseego
Several institutional investors and hedge funds have recently added to or reduced their stakes in INSG. Aviva Holdings Ltd. bought a new stake in shares of Inseego during the third quarter worth approximately $41,219,000. Jane Street Group LLC raised its position in shares of Inseego by 142.9% during the third quarter. Jane Street Group LLC now owns 24,307 shares of the technology company’s stock worth $397,000 after purchasing an additional 80,996 shares during the period. Marshall Wace LLP acquired a new position in shares of Inseego in the 2nd quarter valued at approximately $833,000. Renaissance Technologies LLC acquired a new position in shares of Inseego in the second quarter valued at approximately $274,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Inseego during the 3rd quarter worth about $353,000. 34.20% of the stock is owned by institutional investors.
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.
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