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Investing.com - Stifel has reiterated its Hold rating and $8.00 price target on Inseego Corp. (NASDAQ:INSG). According to InvestingPro data, the stock currently trades at $7.19, with a notable free cash flow yield of 23%.
The research firm acknowledged Inseego’s "impressive execution in a challenging environment" and noted the company had materially strengthened its balance sheet while achieving a significant turnaround in free cash flow generation. The company’s levered free cash flow stands at $24.68 million, with a current ratio of 1.12.
Despite these positive developments, Stifel expressed concerns about two key areas that prevent an upgrade at this time.
The firm specifically cited the need for "greater clarity into a return to more sustainable growth in revenue and FCFs" as its first concern regarding Inseego’s outlook.
Stifel also indicated it seeks more evidence of "execution on the company’s strategic vision to return to more consistent q/q growth," particularly in the second half of calendar year 2025.
In other recent news, Inseego Corp reported its financial results for the first quarter of 2025, highlighting significant growth in its services and mobile revenue streams. The company achieved a record gross margin of 47.5% and more than doubled its adjusted EBITDA compared to the previous year. Inseego’s services revenue grew nearly 50% year-over-year, while its mobile segment saw a 16% increase. The company has provided revenue guidance of $37-$40 million for the second quarter of 2025, with an adjusted EBITDA guidance of $2.5-$3.5 million.
Inseego is also set for preliminary inclusion in the Russell 2000 Index, which is anticipated to enhance its visibility among institutional investors. In terms of analyst perspectives, TD Cowen maintained a Hold rating but lowered the price target for Inseego to $10.00 from $13.00, citing concerns about growth in the Fixed Wireless Access segment. The analyst firm expressed a cautious stance on the company’s growth prospects, pointing to the unproven execution of its strategy. These developments come as Inseego continues to expand its fixed wireless access and mobile broadband business, aiming to leverage the increasing demand for secure, high-performance wireless broadband solutions.
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