Wall Street analysts predict that Inseego Corp (NASDAQ:INSG) will post ($0.01) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Inseego’s earnings. Inseego posted earnings per share of ($0.02) in the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The business is scheduled to issue its next earnings results on Tuesday, August 6th.

On average, analysts expect that Inseego will report full-year earnings of $0.02 per share for the current year, with EPS estimates ranging from $0.01 to $0.03. For the next financial year, analysts expect that the business will post earnings of $0.29 per share, with EPS estimates ranging from $0.26 to $0.31. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Inseego.

Inseego (NASDAQ:INSG) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported ($0.10) EPS for the quarter, meeting the consensus estimate of ($0.10). The firm had revenue of $48.56 million during the quarter, compared to analyst estimates of $47.57 million.

Several equities analysts have commented on the company. BidaskClub cut Ames National from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine raised Vermillion from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Finally, Cowen assumed coverage on Inseego in a report on Friday, May 24th. They issued an “outperform” rating and a $8.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Inseego presently has a consensus rating of “Buy” and a consensus target price of $6.07.

Inseego stock traded up $0.05 during trading hours on Friday, hitting $5.13. The stock had a trading volume of 944,059 shares, compared to its average volume of 995,778. The company’s 50-day simple moving average is $4.73. The stock has a market cap of $399.95 million, a P/E ratio of -42.75 and a beta of 0.46. Inseego has a fifty-two week low of $1.73 and a fifty-two week high of $6.00.

In other news, Director Brian Miller sold 3,900,000 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $4.80, for a total value of $18,720,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 15.20% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Chicago Capital LLC acquired a new position in shares of Inseego in the 2nd quarter worth approximately $96,000. WINTON GROUP Ltd increased its holdings in Inseego by 124.8% in the second quarter. WINTON GROUP Ltd now owns 71,245 shares of the technology company’s stock valued at $341,000 after purchasing an additional 39,555 shares during the period. RVW Wealth LLC bought a new stake in Inseego during the second quarter valued at $48,000. Resources Investment Advisors Inc. boosted its position in Inseego by 54.3% during the first quarter. Resources Investment Advisors Inc. now owns 31,900 shares of the technology company’s stock valued at $151,000 after acquiring an additional 11,225 shares during the last quarter. Finally, EAM Global Investors LLC bought a new stake in Inseego during the first quarter valued at $1,135,000. 45.02% of the stock is owned by institutional investors and hedge funds.

Inseego Company Profile

Inseego Corp. engages in the design and development of mobile, Internet of Things (IoT), and cloud solutions for large enterprise verticals, service providers, and small and medium-sized businesses worldwide. The company provides wireless 3G, 4G, and 5G hardware products that address various markets, including fleet and commercial telematics, aftermarket telematics, smart city infrastructure management, remote monitoring and control, wireless surveillance systems, security and connected home and fixed wireless access, and mobile broadband devices.

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