Tarena International, Inc. (NASDAQ:TEDU) Downgraded to Hold at Zacks Investment Research
Zacks Investment Research cut shares of Tarena International, Inc. (NASDAQ:TEDU) from a buy rating to a hold rating in a research report report published on Wednesday.
According to Zacks, “Tarena International, Inc. is a provider of professional education services in China. The Company specializes in Information Technology professional education services including classroom training. It offers education courses in nine IT subjects, such as Java, C++, software testing, PHP, embedded, Android, .NET, iOS, and Linux and network engineering; and two non-IT subjects comprising digital art, and online sales and marketing through live distance instruction, classroom-based tutoring, and online learning modules. Tarena International, Inc. is headquartered in Beijing, the People’s Republic of China. “
Several other research analysts have also issued reports on the company. BidaskClub lowered Tarena International from a buy rating to a hold rating in a research report on Tuesday, July 25th. Jefferies Group LLC reiterated a buy rating on shares of Tarena International in a report on Wednesday, May 24th. Finally, Goldman Sachs Group, Inc. (The) lowered Tarena International from a buy rating to a neutral rating and set a $20.00 price target for the company. in a report on Tuesday, May 16th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $20.63.
Shares of Tarena International (NASDAQ:TEDU) opened at 19.39 on Wednesday. Tarena International has a one year low of $18.76 and a one year high of $19.49.
Tarena International (NASDAQ:TEDU) last announced its earnings results on Monday, May 22nd. The business services provider reported ($0.06) earnings per share (EPS) for the quarter. Tarena International had a net margin of 14.79% and a return on equity of 15.89%. The business had revenue of $48.30 million for the quarter. On average, equities research analysts forecast that Tarena International will post $0.97 earnings per share for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. Macquarie Group Ltd. acquired a new position in shares of Tarena International during the fourth quarter worth approximately $1,481,000. Daiwa Securities Group Inc. increased its position in shares of Tarena International by 218.9% in the first quarter. Daiwa Securities Group Inc. now owns 84,200 shares of the business services provider’s stock worth $1,573,000 after buying an additional 57,800 shares during the period. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in shares of Tarena International during the first quarter worth approximately $149,000. State Street Corp increased its position in shares of Tarena International by 43.2% in the fourth quarter. State Street Corp now owns 121,997 shares of the business services provider’s stock worth $1,827,000 after buying an additional 36,797 shares during the period. Finally, Clough Capital Partners L P increased its position in shares of Tarena International by 188.8% in the first quarter. Clough Capital Partners L P now owns 51,700 shares of the business services provider’s stock worth $899,000 after buying an additional 33,800 shares during the period. 35.60% of the stock is owned by institutional investors.
About Tarena International
Tarena International, Inc (Tarena International) is a holding company. The Company, through its subsidiaries, provides professional education services, including professional information technology (IT) training courses and non-IT training courses across the People’s Republic of China (PRC). It operates through training segment.
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