TeamViewer (OTCMKTS:TMVWY) Shares Gap Down – What’s Next?

TeamViewer SE (OTCMKTS:TMVWY) shares gapped down prior to trading on Friday . The stock had previously closed at $3.84, but opened at $3.71. TeamViewer shares last traded at $3.71, with a volume of 803 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of TeamViewer to a “hold” rating in a research note on Thursday, July 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of TeamViewer in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, TeamViewer currently has an average rating of “Hold”.

TeamViewer Stock Down 4.2%

The firm’s fifty day moving average is $3.24 and its two-hundred day moving average is $3.02.

About TeamViewer

TeamViewer AG operates a global remote connectivity platform that enables secure access, support, control and collaboration across devices and locations. Its cloud-based software solutions allow businesses and individuals to remotely troubleshoot IT issues, manage devices, conduct online meetings and share files in real time. The platform’s modular architecture supports integrations with leading IT service management tools and provides an open API for custom workflows, making it a versatile choice for digital service delivery.

Founded in 2005 and headquartered in Göppingen, Germany, TeamViewer has expanded its footprint to serve customers in more than 180 countries.