In a report released yesterday, Michael Walkley from Canaccord Genuity maintained a Hold rating on Inseego Corp (NASDAQ: INSG), with a price target of $2.25. The company’s shares opened today at $1.99.
According to TipRanks.com, Walkley is a top 100 analyst with an average return of 17.1% and a 62.7% success rate. Walkley covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Digi International Inc, and Skyworks Solutions.
Inseego Corp has an analyst consensus of Moderate Buy, with a price target consensus of $2.38.
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Based on Inseego Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $3.82 million. In comparison, last year the company had a GAAP net loss of $16.1 million.
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Inseego Corp. povides telematics and analytics software and services. It offers a range of products through the Ctrack brand including fleet management, asset tracking and monitoring, stolen vehicle recovery, and usage-based insurance platforms. It also offers business connectivity solutions and device management services.
