Inseego (INSG, Financial) has been earmarked for initial inclusion in the Russell 2000 Index. This development follows the release of the preliminary additions list on May 23, 2025, by FTSE Russell. The final confirmation of membership and index assignments is scheduled to occur after the annual reconstitution, which will be effective following the close of the market on June 28, 2025.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Inseego Corp (INSG, Financial) is $11.50 with a high estimate of $16.50 and a low estimate of $8.00. The average target implies an upside of 41.28% from the current price of $8.14. More detailed estimate data can be found on the Inseego Corp (INSG) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Inseego Corp's (INSG, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Inseego Corp (INSG, Financial) in one year is $6.09, suggesting a downside of 25.18% from the current price of $8.14. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Inseego Corp (INSG) Summary page.
INSG Key Business Developments
Release Date: May 08, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Inseego Corp (INSG, Financial) delivered revenue within guidance and adjusted EBITDA came in above expectations despite softer hardware volumes.
- The company achieved a record non-GAAP gross margin percentage of 47.5% in Q1 2025.
- Inseego Corp (INSG) successfully executed a key initiative by being the first OEM to make a 5G advanced 3GPP release 18 data call with Qualcomm's new platform.
- The company has overhauled its supply chain and engineering strategy, identifying significant opportunities to reduce costs and improve operational efficiency.
- Inseego Corp (INSG) has strengthened its leadership team with experienced talent, including the addition of George Mulhern to the board of directors.
Negative Points
- Q1 2025 presented a slow start to the year on a revenue basis due to delayed carrier mobile broadband promotions and FWA purchases.
- The company is facing challenges with a concentrated customer base for its MyFi and FWA products, which it is actively working to diversify.
- There is uncertainty in the broader macroeconomic environment, which could potentially impact pipeline opportunities.
- Inseego Corp (INSG) is experiencing temporarily lower FWA purchases from a carrier customer managing inventory levels during a transition to a next-generation product.
- The company anticipates a modest increase in sales and marketing expenses as it expands its total addressable market and engages with new customers.
