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Neutral Tandem (NASDAQ:TNDM) COO John F. Sheridan unloaded 2,000 shares of Neutral Tandem stock on the open market in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $15.04, for a total value of $30,080.00. Following the completion of the sale, the chief operating officer now directly owns 1,198 shares of the company’s stock, valued at approximately $18,018. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on TNDM shares. Analysts at Bank of America upgraded shares of Neutral Tandem from a “neutral” rating to a “buy” rating in a research note on Friday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Neutral Tandem in a research note on Friday. They now have a $25.00 price target on the stock. Finally, analysts at William Blair initiated coverage on shares of Neutral Tandem in a research note on Tuesday, July 15th. They set an “outperform” rating and a $2.00 price target on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $20.75.

Neutral Tandem (NASDAQ:TNDM) traded up 0.71% during mid-day trading on Monday, hitting $14.22. 275,196 shares of the company’s stock traded hands. Neutral Tandem has a 52-week low of $1.791 and a 52-week high of $30.25. The stock’s 50-day moving average is $14.95 and its 200-day moving average is $19.2. The company’s market cap is $333.6 million.

Neutral Tandem (NASDAQ:TNDM) last released its earnings data on Thursday, July 31st. The company reported ($0.83) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.91) by $0.08. The company had revenue of $10.26 million for the quarter, compared to the consensus estimate of $10.36 million. The company’s revenue for the quarter was up 85.5% on a year-over-year basis. Analysts expect that Neutral Tandem will post $-3.44 EPS for the current fiscal year.

Neutral Tandem, Inc provides tandem interconnection services principally to competitive carriers, including wireless, wireline, cable and broadband telephony companies.

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