22 hours Ago By Defense World Staff
Renaissance Technologies LLC lifted its stake in shares of Inseego Corp. ( NASDAQ:INSG – Free Report ) by 199.0% in the fourth quarter, according to the company in its most recent filing with the SEC.
The fund owned 117,941 shares of the technology company’s stock after buying an additional 78,495 shares during the quarter. Renaissance Technologies LLC owned about 0.79% of Inseego worth $1,210,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of INSG. Quantbot Technologies LP acquired a new stake in Inseego during the fourth quarter worth approximately $60,000. Barclays PLC increased its stake in shares of Inseego by 71.
3% during the third quarter. Barclays PLC now owns 4,051 shares of the technology company’s stock worth $67,000 after purchasing an additional 1,686 shares during the period. Wells Fargo & Company MN lifted its holdings in Inseego by 655.
1% during the 4th quarter. Wells Fargo & Company MN now owns 8,080 shares of the technology company’s stock worth $83,000 after purchasing an additional 7,010 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in Inseego in the 4th quarter valued at $142,000.
Finally, Victory Capital Management Inc. acquired a new position in Inseego in the 4th quarter valued at $193,000. Institutional investors own 34.
20% of the company’s stock. Analysts Set New Price Targets Separately, Stifel Nicolaus lowered their target price 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 1.8 % INSG opened at $8.
42 on Wednesday. Inseego Corp. has a twelve month low of $3.
59 and a twelve month high of $20.67. The stock has a market capitalization of $126.
35 million, a price-to-earnings ratio of -13.58 and a beta of 1.79.
The company has a 50-day simple moving average of $8.72 and a 200 day simple moving average of $11.68.
Inseego ( NASDAQ:INSG – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 19th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
02 by ($0.06). The firm had revenue of $48.
09 million during the quarter, compared to the consensus estimate of $45.56 million. Inseego had a net margin of 2.
22% and a negative return on equity of 4.08%. Sell-side analysts anticipate that Inseego Corp.
will post -0.06 EPS for the current fiscal year. Inseego Company Profile ( Free Report ) 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. Featured Articles Five stocks we like better than Inseego 3 Natural Gas Stocks That Offer Great Dividend Yields Don’t Be Fooled by the Bounce: The Market Storm Isn’t Over Yet How to Calculate Retirement Income: MarketBeat’s Calculator Coca-Cola Company Stock Can Bubble to New Highs This Year How to Invest in Small Cap Stocks 3 Stocks Lifting 2025 Guidance Despite Market Jitters Want to see what other hedge funds are holding INSG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Inseego Corp. ( NASDAQ:INSG – Free Report ). Receive News & Ratings for Inseego Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inseego and related companies with MarketBeat.
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