Tangoe VP Scott Snyder Unloads 1,635 Shares (TNGO)
Tangoe (NASDAQ:TNGO) VP Scott Snyder unloaded 1,635 shares of Tangoe stock on the open market in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $17.66, for a total value of $28,874.10. Following the completion of the sale, the vice president now directly owns 10,000 shares in the company, valued at approximately $176,600. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on TNGO. Analysts at Roth Capital initiated coverage on shares of Tangoe in a research note to investors on Thursday, December 5th. They set a “buy” rating and a $31.00 price target on the stock. Separately, analysts at Raymond James cut their price target on shares of Tangoe from $26.00 to $22.00 in a research note to investors on Wednesday, November 6th. They now have a “strong-buy” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Tangoe in a research note to investors on Wednesday, November 6th. They now have a $28.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Tangoe currently has a consensus rating of “Buy” and a consensus target price of $25.60.
Tangoe (NASDAQ:TNGO) traded down 1.23% during mid-day trading on Monday, hitting $18.40. 404,254 shares of the company’s stock traded hands. Tangoe has a 52 week low of $11.68 and a 52 week high of $26.05. The stock’s 50-day moving average is $16.35 and its 200-day moving average is $18.9. The company has a market cap of $703.7 million and a P/E ratio of 144.42.
Tangoe (NASDAQ:TNGO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.01. The company had revenue of $47.60 million for the quarter, compared to the consensus estimate of $48.09 million. During the same quarter last year, the company posted $0.13 earnings per share. Tangoe’s revenue was up 18.6% compared to the same quarter last year. On average, analysts predict that Tangoe will post $0.65 earnings per share for the current fiscal year.
Tangoe, Inc (NASDAQ:TNGO) is a global provider of communications lifecycle management (CLM), software and services to a range of enterprises, including large and medium-sized businesses and other organizations.
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