Tangoe Inc. (TNGO) Stock Price Up 1.9%
Tangoe Inc. (NASDAQ:TNGO) shares rose 1.9% during trading on Friday . The stock traded as high as $8.07 and last traded at $8.05, with a volume of 57,810 shares traded. The stock had previously closed at $7.90.
A number of research analysts have recently issued reports on TNGO shares. Barrington Research downgraded Tangoe from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 7th. Raymond James Financial Inc. reissued a “market perform” rating on shares of Tangoe in a research note on Wednesday, April 20th. Finally, Roth Capital reissued a “buy” rating on shares of Tangoe in a research note on Sunday, July 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Tangoe currently has an average rating of “Hold” and a consensus price target of $10.30.
The company’s 50 day moving average price is $8.05 and its 200 day moving average price is $7.96. The stock’s market capitalization is $318.59 million.
In related news, major shareholder Clearlake Capital Partners Iv sold 1,590,000 shares of the stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $8.00, for a total value of $12,720,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Tangoe, Inc (Tangoe) is a global provider of connection lifecycle management (CLM), software and services to a range of enterprises and service providers. CLM covers the entire spectrum of an enterprise’s connection-based assets and services, such as voice and data services, mobile devices and usage, cloud software, infrastructure and services, machine-to-machine connections, enterprise social and information technology connections, and encompasses the entire lifecycle of these assets and services, including planning and sourcing, procurement and provisioning, inventory and usage management, mobile device management (MDM), real-time telecommunications expense management (rTEM), invoice processing and payment, expense allocation and accounting, and asset decommissioning and disposal.
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