Sangoma Technologies (NASDAQ:SANG) Given "Sell (D-)" Rating at Weiss Ratings

Key Points

• Sangoma Technologies has received a "Sell (D-)" rating from Weiss Ratings, indicating a negative outlook for the stock.
• As of the latest report, Sangoma's stock opened at $5.15 with a market capitalization of $171.02 million and has reported a negative net margin of 2.12%.
• Institutional investors have significantly increased their holdings in Sangoma, with notable increases from Bank of America and Intact Investment Management, among others.

Sangoma Technologies (NASDAQ:SANG - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Sangoma Technologies Price Performance

NASDAQ SANG opened at $5.15 on Wednesday. The business's fifty day moving average is $5.57 and its two-hundred day moving average is $5.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.70 and a current ratio of 0.86. Sangoma Technologies has a 1 year low of $4.08 and a 1 year high of $7.99. The stock has a market capitalization of $171.02 million, a P/E ratio of -34.30 and a beta of 1.33.

Sangoma Technologies (NASDAQ:SANG - Get Free Report) last announced its earnings results on Wednesday, September 17th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Sangoma Technologies had a negative net margin of 2.12% and a negative return on equity of 1.73%. The company had revenue of $59.36 million for the quarter, compared to the consensus estimate of $58.58 million. Sangoma Technologies has set its FY 2026 guidance at EPS. On average, research analysts forecast that Sangoma Technologies will post -0.18 earnings per share for the current fiscal year.

Institutional Trading of Sangoma Technologies

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Sangoma Technologies by 198.4% during the 4th quarter. Bank of America Corp DE now owns 18,200 shares of the company's stock valued at $130,000 after purchasing an additional 12,100 shares during the period. National Bank of Canada FI raised its stake in Sangoma Technologies by 17.5% during the 1st quarter. National Bank of Canada FI now owns 87,982 shares of the company's stock valued at $388,000 after purchasing an additional 13,127 shares during the period. Acadian Asset Management LLC raised its stake in Sangoma Technologies by 51.7% during the 1st quarter. Acadian Asset Management LLC now owns 181,800 shares of the company's stock valued at $809,000 after purchasing an additional 61,951 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Sangoma Technologies by 33.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 286,833 shares of the company's stock worth $1,294,000 after acquiring an additional 71,300 shares during the last quarter. Finally, Intact Investment Management Inc. increased its stake in shares of Sangoma Technologies by 99.4% in the first quarter. Intact Investment Management Inc. now owns 551,525 shares of the company's stock worth $2,488,000 after acquiring an additional 274,925 shares during the last quarter. 39.65% of the stock is owned by institutional investors and hedge funds.

Sangoma Technologies Company Profile

Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a voice over internet protocol phone system; Switchvox Cloud, a unified communications solution, as well as provides cloud communication solutions.

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