Inseego Corp. (NASDAQ:INSG) Stock Holdings Reduced by Aviva Holdings Ltd.

Aviva Holdings Ltd. reduced its position in shares of Inseego Corp. (NASDAQ:INSG - Free Report) by 92.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,001,050 shares of the technology company's stock after selling 23,758,264 shares during the period. Inseego accounts for approximately 100.0% of Aviva Holdings Ltd.'s holdings, making the stock its biggest position. Aviva Holdings Ltd. owned about 13.38% of Inseego worth $20,531,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of INSG. Jane Street Group LLC increased its holdings 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 buying an additional 80,996 shares in the last quarter. Barclays PLC increased its holdings in Inseego by 71.3% in the third 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 last quarter. Geode Capital Management LLC lifted its stake in 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 buying an additional 7,325 shares during the period. JPMorgan Chase & Co. increased its stake in Inseego by 6,510.5% in the third quarter. JPMorgan Chase & Co. now owns 34,044 shares of the technology company's stock valued at $556,000 after purchasing an additional 33,529 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in Inseego during the 4th quarter worth $142,000. Institutional investors own 34.20% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lowered their price objective on shares of Inseego from $11.00 to $8.00 and set a "hold" rating on the stock in a report on Thursday, April 17th.

Inseego Stock Down 6.1 %

Shares of INSG stock traded down $0.52 during trading on Friday, reaching $7.96. 291,559 shares of the company's stock were exchanged, compared to its average volume of 197,450. Inseego Corp. has a twelve month low of $3.70 and a twelve month high of $20.67. The stock has a market capitalization of $119.45 million, a PE ratio of -12.84 and a beta of 1.15. The firm's fifty day moving average price is $8.35 and its 200-day moving average price is $11.20.

Inseego (NASDAQ:INSG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The technology company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.04). Inseego had a net margin of 2.22% and a negative return on equity of 4.08%. As a group, analysts anticipate that Inseego Corp. will post -0.06 EPS for the current fiscal year.

About Inseego

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.