Canaccord Genuity analyst Michael Walkley reiterated a Buy rating on Inseego Corp (INSG) on December 5 and set a price target of $5.50. The company’s shares closed on Friday at $3.73.
According to TipRanks.com, Walkley is a 5-star analyst with an average return of 10.9% and a 54.6% success rate. Walkley covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Adesto Technologies Corp, and Digi International Inc.
Currently, the analyst consensus on Inseego Corp is a Strong Buy with an average price target of $4.88, which is a 30.8% upside from current levels. In a report issued on November 30, Northland Securities also assigned a Buy rating to the stock with a $4.50 price target.
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The company has a one-year high of $4.49 and a one-year low of $1.50. Currently, Inseego Corp has an average volume of 726.4K.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is negative on the stock.
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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.
