Inseego Corp Receives a Buy from Northland Securities

By Ryan Adsit

Northland Securities analyst Michael Latimore reiterated a Buy rating on Inseego Corp (NASDAQ: INSG) on September 29 and set a price target of $2. The company’s shares closed on Friday at $1.51.

According to TipRanks.com, Latimore is a 4-star analyst with an average return of 6.1% and a 55.8% success rate. Latimore covers the Technology sector, focusing on stocks such as Great Elm Capital Group Inc, Interactive Intelligence, and Nuance Communications.

Inseego Corp has an analyst consensus of Moderate Buy, with a price target consensus of $1.75.

The company has a one year high of $3.23 and a one year low of $0.87. Currently, Inseego Corp has an average volume of 243K.

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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.