Today: Today, Emerald Acquisition Ltd. Acquires New Position in Tangoe Inc. (TNGO)

Today, Emerald Acquisition Ltd. Acquires New Position in Tangoe Inc. (TNGO)

Emerald Acquisition Ltd. acquired a new stake in Tangoe Inc. (NASDAQ:TNGO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 70,042 shares of the company’s stock, valued at approximately $540,000. Emerald Acquisition Ltd. owned approximately 0.18% of Tangoe at the end of the most recent reporting period.

Separately, Prudential Financial Inc. boosted its position in shares of Tangoe by 3.5% in the first quarter. Prudential Financial Inc. now owns 88,392 shares of the company’s stock valued at $697,000 after buying an additional 3,000 shares during the period. 61.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of Tangoe Inc. (NASDAQ:TNGO) traded up 1.97% during mid-day trading on Tuesday, reaching $8.28. The company’s stock had a trading volume of 9,429 shares. The stock has a 50 day moving average of $8.51 and a 200-day moving average of $8.31. The stock’s market cap is $326.48 million. Tangoe Inc. has a one year low of $5.32 and a one year high of $10.12.

TNGO has been the topic of several research analyst reports. Barrington Research cut Tangoe from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 7th. Roth Capital reissued a “buy” rating on shares of Tangoe in a research note on Sunday, July 10th. Finally, TheStreet raised Tangoe from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $9.38.

Tangoe Company Profile

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.

Related posts

Leave a Comment