Tintri Inc (TNTR) Receives Consensus Rating of “Hold” from Brokerages

Shares of Tintri Inc (NASDAQ:TNTR) have been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $7.70.

Several equities research analysts recently commented on TNTR shares. Zacks Investment Research cut Tintri from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Bank of America cut Tintri from a “neutral” rating to an “underperform” rating and set a $5.00 price target for the company. in a report on Thursday, December 14th. Piper Jaffray Companies set a $5.00 price target on Tintri and gave the company a “hold” rating in a report on Thursday, December 14th. Finally, KeyCorp reaffirmed an “equal weight” rating on shares of Tintri in a report on Friday, December 15th.

Shares of Tintri (NASDAQ:TNTR) opened at $5.00 on Wednesday. Tintri has a fifty-two week low of $2.78 and a fifty-two week high of $7.75. The company has a current ratio of 1.04, a quick ratio of 0.96 and a debt-to-equity ratio of -0.73.

Tintri (NASDAQ:TNTR) last posted its quarterly earnings results on Wednesday, December 13th. The company reported ($1.17) EPS for the quarter, beating the consensus estimate of ($1.42) by $0.25. The company had revenue of $31.77 million during the quarter, compared to analyst estimates of $36.67 million. research analysts predict that Tintri will post -3.71 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. purchased a new position in Tintri in the fourth quarter worth approximately $102,000. Deutsche Bank AG grew its position in Tintri by 140.4% in the fourth quarter. Deutsche Bank AG now owns 20,915 shares of the company’s stock worth $106,000 after acquiring an additional 12,214 shares during the period. Citadel Advisors LLC purchased a new position in Tintri in the fourth quarter worth approximately $150,000. Ferris Capital LLC purchased a new position in Tintri in the fourth quarter worth approximately $157,000. Finally, King Luther Capital Management Corp purchased a new position in Tintri in the fourth quarter worth approximately $383,000. Institutional investors own 57.60% of the company’s stock.

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About Tintri

Tintri, Inc provides an enterprise cloud platform to organizations and cloud service providers. The Company’s enterprise cloud platform combines cloud management software, Web services and a range of all-flash storage systems. Its enterprise cloud platform is based on its Tintri CONNECT Web services architecture, which is designed to work like public cloud architecture using Web services.

Analyst Recommendations for Tintri (NASDAQ:TNTR)

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