Pareteum (TEUM) Receives Buy Rating from Northland Securities

Pareteum (NYSEAMERICAN:TEUM)‘s stock had its “buy” rating reiterated by Northland Securities in a research report issued to clients and investors on Thursday. They currently have a $7.50 target price on the technology company’s stock. Northland Securities’ price objective would suggest a potential upside of 45.63% from the company’s current price.

The analysts wrote, “We met Pareteum sales leaders there, and believe Pareteum is seeing new opportunities with other CSaaS providers, distributors, enterprises and service providers.””

Several other research firms have also issued reports on TEUM. Zacks Investment Research upgraded shares of Pareteum from a “sell” rating to a “hold” rating in a research report on Thursday, March 14th. Maxim Group restated a “buy” rating and issued a $7.00 price target on shares of Pareteum in a research report on Monday, March 4th. Craig Hallum assumed coverage on shares of Pareteum in a research report on Monday, January 28th. They issued a “buy” rating on the stock. Finally, TheStreet lowered shares of Pareteum from a “c-” rating to a “d+” rating in a research report on Monday, December 10th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $5.75.

NYSEAMERICAN TEUM opened at $5.15 on Thursday. Pareteum has a 12 month low of $1.45 and a 12 month high of $5.93.

Pareteum (NYSEAMERICAN:TEUM) last posted its quarterly earnings data on Tuesday, March 12th. The technology company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. The company had revenue of $14.31 million for the quarter, compared to analyst estimates of $13.40 million.

A number of institutional investors have recently bought and sold shares of TEUM. Thoroughbred Financial Services LLC acquired a new position in Pareteum in the 4th quarter worth approximately $40,000. Virtu Financial LLC acquired a new position in Pareteum in the 4th quarter worth approximately $74,000. Seelaus Asset Management LLC acquired a new position in Pareteum in the 4th quarter worth approximately $84,000. GSA Capital Partners LLP acquired a new position in Pareteum in the 4th quarter worth approximately $96,000. Finally, Ahrens Investment Partners LLC acquired a new position in Pareteum in the 3rd quarter worth approximately $107,000.

Pareteum Company Profile

Pareteum Corporation operates a communications cloud services platform in Europe and internationally. Its platform provides mobility, messaging, and security services and applications, with a single-sign-on, application program interface (API), and software development suite. The company's platform hosts integrated IT/back office and core network functionality for mobile network operators, as well as for enterprises to implement and leverage mobile communications solutions on a SaaS, PaaS, or IaaS basis.

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Analyst Recommendations for Pareteum (NYSEAMERICAN:TEUM)

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