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.
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.
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