Northland Securities Believes Inseego Corp (INSG) Still Has Room to Grow


Northland Securities analyst Michael Latimore reiterated a Buy rating on Inseego Corp (NASDAQ: INSG) yesterday and set a price target of $3. The company’s shares closed yesterday at $2.14, close to its 52-week high of $2.33.

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 15.7% and a 61.3% success rate. Latimore covers the Technology sector, focusing on stocks such as The Meet Group Inc, Vonage Holdings, and Everbridge Inc.

Currently, the analyst consensus on Inseego Corp is a Moderate Buy with an average price target of $3.

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Based on Inseego Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $8.05 million. In comparison, last year the company had a GAAP net loss of $12.02 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.

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