Raymond James & Associates lowered its position in Pareteum Corp (NYSEAMERICAN:TEUM) by 57.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,732 shares of the technology company’s stock after selling 39,700 shares during the period. Raymond James & Associates’ holdings in Pareteum were worth $50,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Pareteum by 80.6% in the third quarter. Vanguard Group Inc. now owns 2,232,888 shares of the technology company’s stock worth $6,698,000 after buying an additional 996,618 shares during the last quarter. Vanguard Group Inc grew its holdings in Pareteum by 80.6% during the third quarter. Vanguard Group Inc now owns 2,232,888 shares of the technology company’s stock valued at $6,698,000 after purchasing an additional 996,618 shares during the last quarter. BlackRock Inc. grew its holdings in Pareteum by 4.8% during the third quarter. BlackRock Inc. now owns 828,925 shares of the technology company’s stock valued at $2,487,000 after purchasing an additional 37,786 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Pareteum by 142.1% during the third quarter. Bank of New York Mellon Corp now owns 48,705 shares of the technology company’s stock valued at $146,000 after purchasing an additional 28,584 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Pareteum during the fourth quarter valued at approximately $74,000.

TEUM opened at $4.10 on Friday. Pareteum Corp has a 1-year low of $1.45 and a 1-year high of $5.93.

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

Several brokerages have commented on TEUM. Northland Securities reiterated a “buy” rating and set a $7.50 price target on shares of Pareteum in a report on Thursday, March 21st. Zacks Investment Research upgraded Pareteum from a “sell” rating to a “hold” rating in a report on Thursday, March 14th. Maxim Group reiterated a “buy” rating and set a $7.00 price target on shares of Pareteum in a report on Monday, March 4th. Finally, Craig Hallum began coverage on Pareteum in a report on Monday, January 28th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Pareteum presently has an average rating of “Buy” and a consensus price target of $5.75.

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About Pareteum

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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Institutional Ownership by Quarter for Pareteum (NYSEAMERICAN:TEUM)

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