In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Inseego Corp (INSG), with a price target of $4.50. The company’s shares opened today at $3.86.
Latimore noted:
“We marketed with Inseego management this week, coming away much more confident in new customer opportunities, overall execution, and the potential for growth acceleration in FY19. We believe Inseego is not just having success with tier 1 operators in the N. America, but also internationally.”
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 10.6% and a 53.9% success rate. Latimore covers the Technology sector, focusing on stocks such as The Meet Group Inc, Brightcove Inc, and Liveperson.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Inseego Corp with a $4.88 average price target.
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Based on Inseego Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $10.84 million. In comparison, last year the company had a GAAP net loss of $13.79 million.
Based on the recent corporate insider activity of 19 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.
