Dimensional Fund Advisors LP maintained its stake in shares of Inseego Corp. (NASDAQ:INSG) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 608,568 shares of the technology company’s stock at the close of the 1st quarter. Dimensional Fund Advisors LP owned 1.09% of Inseego Corp. worth $1,272,000 at the end of the most recent reporting period.
Separately, Spark Investment Management LLC boosted its position in shares of Inseego Corp. by 55.1% during the 1st quarter. Spark Investment Management LLC now owns 58,800 shares of the technology company’s stock worth $122,000 after purchasing an additional 20,900 shares in the last quarter. Institutional investors own 9.89% of the company’s stock.
Inseego Corp. (NASDAQ:INSG) opened at 1.31 on Wednesday. The firm has a 50-day moving average of $1.22 and a 200-day moving average of $1.62. Inseego Corp. has a 12-month low of $0.87 and a 12-month high of $3.74. The stock’s market capitalization is $73.61 million.
Inseego Corp. (NASDAQ:INSG) last issued its quarterly earnings results on Monday, August 7th. The technology company reported ($0.21) EPS for the quarter, meeting the consensus estimate of ($0.21). Inseego Corp. had a negative return on equity of 204.22% and a negative net margin of 32.34%. The firm had revenue of $59.91 million during the quarter, compared to analysts’ expectations of $55.11 million. Equities research analysts forecast that Inseego Corp. will post ($0.35) earnings per share for the current fiscal year.
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Inseego Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Canaccord Genuity boosted their price objective on shares of Inseego Corp. from $1.25 to $1.50 and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Northland Securities set a $2.00 target price on shares of Inseego Corp. and gave the company a “buy” rating in a report on Monday, August 14th. Finally, ValuEngine upgraded shares of Inseego Corp. from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th.
Inseego Corp. Company Profile
Novatel Wireless, Inc is a provider of intelligent wireless solutions for the mobile communications market. The Company’s range of products includes intelligent mobile hotspots, universal serial bus (USB) modems, embedded modules, integrated asset-management and mobile tracking machine-to-machine (M2M) devices, communications and applications software and cloud services.
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