Jane Street Capital LLC recently announced the acquisition of new stake in Pareteum Corporation (NASDAQ:TEUM). This fresh investment now brings its stake to 0.49% valued currently at $0.47 million. In addition, Millennium Management LLC raised its holdings by 0.5 million to 0.54 million shares. And BofA Securities, Inc. has lifted its position by 11,655.95% or 0.45 million shares – to 0.45 million shares.
With over 1.42 million Pareteum Corporation (TEUM) shares trading Friday and a closing price of $0.68 on the day, the dollar volume was approximately $0.96 million. The shares have shown a positive weekly performance of 9.60% and its price on 08/28/20 gained nearly 10.82%. Currently, there are 138.82M common shares owned by the public and among those 103.28M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for TEUM have a consensus price objective of $0.75. The analysts have set the share’s price value over the next 12 months at a high of $0.75 and a low of $0.75 should the stock experience a downside. Incidentally, analysts’ outlook for the Pareteum Corporation stock is 3.00 for the next 12 months. But an upside of 9.33% will see the stock hit the forecast high price target while mean target price for the stock is $0.75.
Insiders at the company have transacted a total of 12 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 12 of these insider trades were purchases, accounting for 2,520,375 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Pareteum Corporation are Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and Fidelity Small Cap Index Fund. Vanguard Total Stock Market Index owns 2.93 million shares of the company’s stock, all valued at over $2.04 million. Fidelity Small Cap Index Fund bought 85899.0 shares to bring its total holdings to over 0.76 million shares at a value of $0.53 million. Fidelity Small Cap Index Fund now owns shares totaling to 0.55% of the shares outstanding.
Shares of Pareteum Corporation (NASDAQ: TEUM) opened at $0.647, up $0.03 from a prior closing price of $0.62. However, the script later closed the day at $0.68, up 10.82%. The company’s stock has a 5-day price change of 9.60% and 58.59% over the past three months. TEUM shares are trading 56.16% year to date (YTD), with the 12-month market performance down to -68.53% lower. It has a 12-month low price of $0.29 and touched a high of $2.40 over the same period. Currently, 1.42 million shares have been traded, compared to an average intraday trading volume of 2.46 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.89%, 0.08%, and 19.72% respectively.
Institutional ownership of Pareteum Corporation (NASDAQ: TEUM) shares accounts for 33.35% of the company’s 138.82M shares outstanding. Mutual fund holders own 7.07%, while other institutional holders and individual stakeholders account for 8.19% and 6.64% respectively.
It has a market capitalization of $94.80M. The earnings-per-share (ttm) stands at -$0.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.35% over the week and 8.41% over the month.
Analysts forecast that Pareteum Corporation (TEUM) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2020. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.12 a year ago.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Pareteum Corporation (TEUM) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 2 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the TEUM, a number of firms have released research notes about the stock. Oppenheimer stated their Perform rating for the stock in a research note on October 22, 2019, with the firm’s price target at $4. Northland Capital coverage for the Pareteum Corporation (TEUM) stock in a research note released on October 22, 2019 offered a Market Perform rating with a price target of. Lake Street was of a view on October 22, 2019 that the stock is Hold, while Craig Hallum gave the stock Hold rating on October 17, 2019, issuing a price target of $1. Oppenheimer on their part issued Outperform rating on April 26, 2019.