Inseego’s (INSG) Market Perform Rating Reaffirmed at TD Cowen

TD Cowen restated their market perform rating on shares of Inseego (NASDAQ:INSG – Get Rating) in a research report report published on Friday, Benzinga reports. The brokerage currently has a $1.00 price objective on the technology company’s stock.

Inseego Price Performance

INSG stock opened at $0.66 on Friday. Inseego has a one year low of $0.63 and a one year high of $4.58. The stock has a market cap of $71.55 million, a PE ratio of -1.01 and a beta of 1.63. The firm has a 50 day simple moving average of $0.98 and a two-hundred day simple moving average of $1.48.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Jane Street Group LLC boosted its position in Inseego by 1,081.8% during the 4th quarter. Jane Street Group LLC now owns 334,369 shares of the technology company’s stock valued at $282,000 after acquiring an additional 306,075 shares in the last quarter. Virtu Financial LLC purchased a new stake in Inseego during the 4th quarter valued at $48,000. Squarepoint Ops LLC raised its stake in Inseego by 367.6% during the 4th quarter. Squarepoint Ops LLC now owns 59,282 shares of the technology company’s stock valued at $50,000 after buying an additional 46,603 shares during the last quarter. Millennium Management LLC raised its stake in Inseego by 688.5% during the 4th quarter. Millennium Management LLC now owns 1,325,142 shares of the technology company’s stock valued at $1,116,000 after buying an additional 1,157,093 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Inseego by 82.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 90,097 shares of the technology company’s stock worth $76,000 after purchasing an additional 40,830 shares in the last quarter. Hedge funds and other institutional investors own 44.43% of the company’s stock.

Inseego Company Profile

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Inseego Corp. engages in the business of communication equipment. The firm’s products include mobile hotspots, industrial gateways and routers, home and enterprise routers, industrial USB modems, and telematics and mobile tracking hardware devices. Its SaaS platforms include Ctrack, an asset tracking and management solution that delivers business intelligence for fleets used in various verticals, including aviation, construction, government, and transport, and Device Management Solutions, a hosted subscription management platform.