Tarena International (NASDAQ:TEDU) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday.

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. “

TEDU has been the topic of a number of other research reports. BidaskClub cut Tarena International from a “hold” rating to a “sell” rating in a report on Friday, November 23rd. CLSA set a $8.00 target price on Tarena International and gave the company a “sell” rating in a report on Wednesday, November 21st. TheStreet cut Tarena International from a “c-” rating to a “d+” rating in a report on Thursday, November 29th. Finally, Jefferies Financial Group cut Tarena International from a “hold” rating to an “underperform” rating and set a $5.80 target price on the stock. in a report on Wednesday, November 21st. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $9.10.

Shares of TEDU stock traded down $0.10 during mid-day trading on Friday, hitting $6.85. 56,991 shares of the company’s stock were exchanged, compared to its average volume of 97,027. Tarena International has a fifty-two week low of $6.75 and a fifty-two week high of $15.45. The stock has a market capitalization of $384.18 million, a price-to-earnings ratio of 14.89 and a beta of 0.69.

Tarena International (NASDAQ:TEDU) last posted its quarterly earnings data on Monday, November 19th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.19). Tarena International had a negative return on equity of 26.69% and a negative net margin of 16.34%. The business had revenue of $102.86 million for the quarter. As a group, sell-side analysts forecast that Tarena International will post -1.3 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Aperio Group LLC acquired a new position in shares of Tarena International during the second quarter worth about $121,000. Bank of Montreal Can acquired a new position in shares of Tarena International during the third quarter worth about $130,000. Summit Global Investments acquired a new position in shares of Tarena International during the second quarter worth about $681,000. Private Advisory Group LLC acquired a new position in shares of Tarena International during the second quarter worth about $1,977,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Tarena International by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 416,497 shares of the business services provider’s stock worth $3,153,000 after purchasing an additional 9,218 shares in the last quarter. Institutional investors own 28.83% of the company’s stock.

About Tarena International

Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes in the People's Republic of China. It offers education courses in 13 information technology (IT) subjects, such as Java, .NET, C++, software testing, embedded, PHP, Android, iOS, Linux and network engineering, Big Data, Web front-end development, VR/AR, and Python; and 3 non-IT subjects, including digital art, online sales and marketing, and accounting through live distance instruction, classroom-based tutoring, and online learning modules.

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