Out of 5 analysts covering Tangoe (NASDAQ:TNGO), 2 rate it “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. Tangoe was the topic in 9 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Below is a list of Tangoe Inc (NASDAQ:TNGO) latest ratings and price target changes.
09/11/2015 Broker: Northland Capital Rating: Market Perform Old Target: $9 New Target: $8 Maintain
06/11/2015 Broker: Deutsche Bank Rating: Old Target: $10.00 New Target: $8.00 Target Down
06/11/2015 Broker: Roth Capital Rating: Buy Old Target: $16.00 New Target: $13.50 Target Down
About 74,593 shares traded hands. Tangoe Inc (NASDAQ:TNGO) has declined 32.03% since August 4, 2015 and is downtrending. It has underperformed by 27.06% the S&P500.
Tangoe, Inc. is a global provider of connection lifecycle management (CLM), software and services to a range of enterprises and service providers. The company has a market cap of $279.55 million. CLM covers the entire spectrum of an enterprise’s connection 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. It currently has negative earnings.
The institutional sentiment decreased to 1.11 in Q3 2015. Its down 0.22, from 1.33 in 2015Q2. The ratio turned negative, as 19 funds sold all Tangoe Inc shares owned while 36 reduced positions. 17 funds bought stakes while 44 increased positions. They now own 33.38 million shares or 13.68% less from 38.67 million shares in 2015Q2.
Gagnon Securities Llc holds 2.89% of its portfolio in Tangoe Inc for 821,096 shares. Gagnon Advisors Llc owns 488,269 shares or 2.86% of their US portfolio. Moreover, Simcoe Capital Management Llc has 2.08% invested in the company for 437,770 shares. The Sweden-based Investor Ab has invested 0.92% in the stock. Selz Capital Llc, a New York-based fund reported 448,000 shares.
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