NASDAQ:INSGInseego Stock Price, Forecast & News

Inseego's stock was trading at $4.93 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, INSG stock has increased by 131.6% and is now trading at $11.42. View which stocks have been most impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Inseego in the last year. There are currently 2 sell ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Inseego.

Inseego is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Inseego.

Inseego Corp (NASDAQ:INSG) issued its quarterly earnings results on Wednesday, May, 6th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. The technology company had revenue of $56.80 million for the quarter, compared to the consensus estimate of $52.70 million. The business's revenue was up 17.0% on a year-over-year basis. During the same period last year, the business earned ($0.03) EPS. View Inseego's earnings history.

Inseego issued an update on its second quarter 2020 After-Hours earnings guidance on Wednesday, May, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $75-80 million, compared to the consensus revenue estimate of $78.38 million.

9 equities research analysts have issued 1 year price targets for Inseego's stock. Their forecasts range from $6.50 to $14.00. On average, they expect Inseego's stock price to reach $10.89 in the next year. This suggests that the stock has a possible downside of 4.6%. View analysts' price targets for Inseego.

Press coverage about INSG stock has been trending negative recently, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Inseego earned a news sentiment score of -2.4 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near term. View the latest news about Inseego.

Some companies that are related to Inseego include Iridium Communications (IRDM), ESCO Technologies (ESE), Vocera Communications (VCRA), Napco Security Technologies (NSSC), ADVA Optical Networking (ADVOF), Turtle Beach (HEAR), Iteris (ITI), PowerFleet (PWFL), I.D. Systems (IDSY), Rekor Systems (REKR), Magal Security Systems (MAGS), UTStarcom (UTSI), Vislink Technologies (VISL), Risk (George) Industries (RSKIA) and Grow Capital (GRWC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Inseego investors own include NVIDIA (NVDA), QUALCOMM (QCOM), Marvell Technology Group (MRVL), Nokia Oyj (NOK), Advanced Micro Devices (AMD), Square (SQ), Alibaba Group (BABA), Micron Technology (MU), Cisco Systems (CSCO) and Skyworks Solutions (SWKS).

Inseego trades on the NASDAQ under the ticker symbol "INSG."

Inseego's stock is owned by many different retail and institutional investors. Top institutional shareholders include FNY Investment Advisers LLC (0.07%) and Modus Advisors LLC (0.00%). Company insiders that own Inseego stock include Ashish Sharma, Brian Miller, Dan Mondor, Doug Kahn, Harbor Ltd Golden, Jeffrey Tuder and Stephen M Smith. View institutional ownership trends for Inseego.

INSG stock was bought by a variety of institutional investors in the last quarter, including FNY Investment Advisers LLC, and Modus Advisors LLC. View insider buying and selling activity for Inseego.

Shares of INSG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of INSG stock can currently be purchased for approximately $11.42.

Inseego has a market capitalization of $1.10 billion and generates $219.50 million in revenue each year. The technology company earns $-40,130,000.00 in net income (profit) each year or ($0.51) on an earnings per share basis. Inseego employs 819 workers across the globe.

The official website for Inseego is www.inseego.com.

Inseego's mailing address is 12600 Deerfield Parkway Suite 100, Alpharetta GA, 30004. The technology company can be reached via phone at 858-812-3400 or via email at [email protected]