Northland Securities analyst Michael Latimore maintained a Buy rating on Inseego Corp (NASDAQ: INSG) today and set a price target of $4.50. The company’s shares opened today at $3.85, close to its 52-week high of $4.03.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 19.8% and a 64.2% success rate. Latimore covers the Technology sector, focusing on stocks such as Vonage Holdings, Everbridge Inc, and RingCentral.
Inseego Corp has an analyst consensus of Moderate Buy, with a price target consensus of $4.50, implying a 16.9% upside from current levels. In a report issued on September 6, Canaccord Genuity also upgraded the stock to Buy with a $4.50 price target.
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Based on Inseego Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $6.66 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.
