Inseego (NASDAQ:INSG) Posts Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Inseego (NASDAQ:INSG) released its quarterly earnings data on Wednesday. The technology company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06), Zacks reports. Inseego had a negative return on equity of 4.08% and a net margin of 2.22%. The company had revenue of $48.09 million for the quarter, compared to analysts’ expectations of $45.56 million. Inseego updated its Q1 2025 guidance to EPS.

Inseego Trading Up 4.7 %

Shares of INSG stock opened at $13.10 on Friday. The firm has a fifty day simple moving average of $11.57 and a 200-day simple moving average of $13.80. The company has a market capitalization of $195.90 million, a PE ratio of -21.12 and a beta of 1.50. Inseego has a twelve month low of $2.08 and a twelve month high of $20.67.

Analyst Upgrades and Downgrades

Several research firms recently commented on INSG. Stifel Nicolaus decreased their price objective on shares of Inseego from $17.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. Roth Mkm upgraded Inseego from a “neutral” rating to a “buy” rating and lifted their price target for the company from $13.00 to $15.00 in a report on Thursday, November 14th. TD Cowen cut their price objective on shares of Inseego from $20.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Finally, Roth Capital upgraded shares of Inseego from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 14th.

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.