Tarena International, Inc. (TEDU) Rating Lowered to Hold at BidaskClub
BidaskClub cut shares of Tarena International, Inc. (NASDAQ:TEDU) from a buy rating to a hold rating in a report published on Tuesday.
A number of other analysts have also recently weighed in on the company. Zacks Investment Research raised Tarena International from a hold rating to a buy rating and set a $21.00 price objective for the company in a research report on Tuesday, June 27th. Jefferies Group LLC reaffirmed a buy rating on shares of Tarena International in a research report on Wednesday, May 24th. Finally, Goldman Sachs Group, Inc. (The) cut Tarena International from a buy rating to a neutral rating and set a $20.00 price objective for the company. in a research report on Tuesday, May 16th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $20.63.
Shares of Tarena International (TEDU) traded up 1.57% on Tuesday, reaching $19.39. The company had a trading volume of 116,308 shares. Tarena International has a 52 week low of $10.55 and a 52 week high of $21.70. The company’s 50-day moving average price is $18.78 and its 200 day moving average price is $17.68.
Tarena International (NASDAQ:TEDU) last posted its quarterly earnings data on Monday, May 22nd. The business services provider reported ($0.06) earnings per share for the quarter. Tarena International had a return on equity of 15.89% and a net margin of 14.79%. The company had revenue of $48.30 million for the quarter. Equities research analysts predict that Tarena International will post $0.97 EPS for the current fiscal year.
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Institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. increased its position in shares of Tarena International by 70.8% in the first quarter. Alliancebernstein L.P. now owns 2,924,010 shares of the business services provider’s stock worth $54,621,000 after buying an additional 1,212,463 shares during the period. Renaissance Technologies LLC increased its position in shares of Tarena International by 126.2% in the first quarter. Renaissance Technologies LLC now owns 811,300 shares of the business services provider’s stock worth $15,155,000 after buying an additional 452,600 shares during the period. Tiger Pacific Capital LP acquired a new position in shares of Tarena International during the first quarter worth about $7,884,000. Schroder Investment Management Group increased its position in shares of Tarena International by 52.3% in the first quarter. Schroder Investment Management Group now owns 1,029,065 shares of the business services provider’s stock worth $19,542,000 after buying an additional 353,405 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Tarena International by 1,396.3% in the first quarter. Victory Capital Management Inc. now owns 252,556 shares of the business services provider’s stock worth $4,718,000 after buying an additional 235,677 shares during the period. 35.60% of the stock is owned by institutional investors and hedge funds.
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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