Northland Securities analyst Michael Latimore maintained a Hold rating on Inseego (NASDAQ:INSG) Corp on Monday, setting a price target of $11, which is approximately 3.00% above the present share price of $10.68.
Latimore expects Inseego Corp to post earnings per share (EPS) of -$0.06 for the fourth quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Inseego, with an average price target of $13.17.
The analysts price targets range from a high of $17 to a low of $10.5.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $90.24 million and a net profit of -$3.44 million. The company's market cap is $1.06 billion.
According to TipRanks.com, Northland Securities analyst Michael Latimore is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 24.9% and a 62.80% success rate.
Inseego Corp.is an industry pioneer in 5G and intelligent IoT device-to-cloud solutions. The company serves service providers, distributors, consumers, and the enterprise. Its 4G LTE Advanced and 5G NR hardware products are powered by MiFi technology and include mobile hotspots, industrial gateways and routers, home and enterprise routers, industrial USB modems, and telematics and mobile tracking hardware devices supported by applications software and cloud services. Its SaaS platforms include Ctrack, an asset tracking and management solution that delivers business intelligence for fleets used in various verticals including aviation, construction, government, and transport; and Device Management Solutions, a hosted subscription management platform that helps organizations to manage the selection, deployment, and spend of their wireless assets. The company was founded on April 26, 1996 and is headquartered in San Diego, CA.