Stock On Watch: Tangoe Inc Has Another Very Weak Trading Session

Stock On Watch: Tangoe Inc Has Another Very Weak Trading Session

The stock of Tangoe Inc (NASDAQ:TNGO) is a huge mover today! The stock decreased 7.27% or $0.67 during the last trading session, hitting $8.55. About 172,803 shares traded hands or 133.89% up from the average. Tangoe Inc (NASDAQ:TNGO) has risen 22.44% since April 13, 2016 and is uptrending. It has outperformed by 18.52% the S&P500.
The move comes after 9 months negative chart setup for the $329.98M company. It was reported on Nov, 15 by We have $7.35 PT which if reached, will make NASDAQ:TNGO worth $46.20M less.

Tangoe Inc (NASDAQ:TNGO) Ratings Coverage

Out of 6 analysts covering Tangoe (NASDAQ:TNGO), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. Tangoe has been the topic of 10 analyst reports since August 7, 2015 according to StockzIntelligence Inc. TH Capital maintained Tangoe Inc (NASDAQ:TNGO) on Friday, August 7 with “Buy” rating. The firm has “Hold” rating by Deutsche Bank given on Friday, August 7. The stock of Tangoe Inc (NASDAQ:TNGO) earned “Market Perform” rating by Raymond James on Wednesday, April 20. On Friday, August 7 the stock rating was downgraded by Northland Capital to “Market Perform”. The firm has “Underweight” rating by Barclays Capital given on Friday, August 7. Barrington Research maintained the stock with “Outperform” rating in Monday, August 10 report. Northland Capital maintained it with “Market Perform” rating and $8 target price in Monday, November 9 report.

According to Zacks Investment Research, “Tangoe, Inc. is a global provider of communications lifecycle management software and related services. The Company markets software to help companies manage and control their fixed and mobile communications assets and costs. The software helps companies track sourcing, asset procurement, services provisioning, invoice processing, expense allocation, bill payment, policy enforcement, usage management, and inventory. Tangoe, Inc. is headquartered in Orange, Connecticut.”

Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.51, from 1.44 in 2016Q1. The ratio is negative, as 10 funds sold all Tangoe Inc shares owned while 34 reduced positions. 12 funds bought stakes while 29 increased positions. They now own 23.59 million shares or 10.69% less from 26.41 million shares in 2016Q1.
Investor Ab has 1.44M shares for 0.83% of their US portfolio. State Board Of Administration Of Florida Retirement Sys has invested 0% of its portfolio in Tangoe Inc (NASDAQ:TNGO). Aqr Capital Mgmt Ltd Liability Corp has invested 0% of its portfolio in Tangoe Inc (NASDAQ:TNGO). Selz Cap Limited Liability, a New York-based fund reported 136,000 shares. Pnc Financial Svcs Group Incorporated Inc has invested 0% of its portfolio in Tangoe Inc (NASDAQ:TNGO). One Trading L P accumulated 0% or 162 shares. Vanguard Grp Inc has 0% invested in the company for 2.79 million shares. Ubs Asset Americas Inc holds 0% of its portfolio in Tangoe Inc (NASDAQ:TNGO) for 19,799 shares. Goldman Sachs Group owns 53,726 shares or 0% of their US portfolio. Blackrock Fund Advsr holds 2.27 million shares or 0% of its portfolio. Credit Suisse Ag reported 57,939 shares or 0% of all its holdings. Ameriprise Financial holds 0% or 178,550 shares in its portfolio. Teachers Advisors has 55,320 shares for 0% of their US portfolio. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Tangoe Inc (NASDAQ:TNGO) for 11,233 shares. Summit Secs Group Inc Ltd Liability has 0.04% invested in the company for 10,781 shares.

More notable recent Tangoe Inc (NASDAQ:TNGO) news were published by: which released: “Tangoe, Inc. Receives Delisting Determination Letter from Nasdaq” on September 19, 2016, also with their article: “Tangoe, Inc. and Vodafone Announce Agreement for Strategic Partnership” published on April 06, 2016, published: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” on March 08, 2016. More interesting news about Tangoe Inc (NASDAQ:TNGO) were released by: and their article: “BRIEF-Tangoe Inc says Mike Sheridan appointed chief revenue officer” published on October 03, 2016 as well as‘s news article titled: “Tangoe Announces Executive Changes” with publication date: October 03, 2016.

TNGO Company Profile

Tangoe, Inc., incorporated on February 9, 2000, is a well-known provider of information technology (IT) and Telecom Expense Management (TEM) software and related services. The Firm offers its services to a range of global enterprises and service providers. The Company’s products and solutions include mobility, telecom, cloud, IT expense, strategic consulting and mobility as a service (MaaS). The Company’s mobility solution includes expense management; procurement, logistics and activation; usage management; enterprise mobility; mobile support, and financial management. The Firm offers TEM software, consulting and support.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment