TD Cowen Lowers Inseego (NASDAQ:INSG) Price Target to $16.00

Inseego (NASDAQ:INSG) had its price target trimmed by TD Cowen from $20.00 to $16.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a hold rating on the technology company’s stock.

Other equities research analysts have also recently issued reports about the company. Roth Mkm raised Inseego from a “neutral” rating to a “buy” rating and increased their target price for the stock from $13.00 to $15.00 in a research note on Thursday. Roth Capital raised Inseego from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Finally, Stifel Nicolaus increased their price objective on Inseego from $11.00 to $17.00 and gave the company a “hold” rating in a research report on Tuesday, September 17th.

Inseego Stock Down 3.5 %

Shares of NASDAQ INSG traded down $0.43 during trading on Friday, reaching $11.88. The company had a trading volume of 360,043 shares, compared to its average volume of 184,367. Inseego has a 12-month low of $1.62 and a 12-month high of $20.67. The stock has a market cap of $145.89 million, a PE ratio of -6.60 and a beta of 1.60. The business’s 50-day moving average is $17.49 and its 200 day moving average is $12.31.

Institutional Inflows and Outflows

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