Price Target Update on Tangoe (NASDAQ:TNGO)

Tangoe (NASDAQ:TNGO) : Currently there are 5 street experts covering Tangoe (NASDAQ:TNGO) stock. The most bullish and bearish price target for the stock is $14 and $7 respectively for the short term. The average price target of all the analysts comes to $10.1. The estimated standard deviation from the target is $3.36.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, Raymond James reinstates its rating on Tangoe (NASDAQ:TNGO).The analysts at the brokerage house have a current rating of Market Perform on the shares. The rating by the firm was issued on April 20, 2016.

Tangoe (NASDAQ:TNGO): On Thursdays trading session , Opening price of the stock was $9.26 with an intraday high of $9.42. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $7.9. However, the stock managed to close at $8.06, a loss of 12.39% for the day. On the previous day, the stock had closed at $9.2. The total traded volume of the day was 3,858,132 shares.

The company shares have dropped -29.18% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $13.14 and the one year low was seen on Mar 8, 2016. The 50-Day Moving Average price is $8.07 and the 200 Day Moving Average price is recorded at $8.05. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Flynn Thomas P, officer (General Counsel and Secretary) of Tangoe Inc, had unloaded 6,121 shares at an average price of $7.94 in a transaction dated on February 19, 2016. The total value of the transaction was worth $48,601.

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 enterprises 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. The Companys on-demand Matrix Solution Suite includes software components in categories, including asset management, expense management, usage management and analytics.

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