Zacks Investment Research cut shares of Tarena International, Inc. (NASDAQ:TEDU) from a buy rating to a hold rating in a research report released on Wednesday morning.
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 equities analysts have also commented on TEDU. BidaskClub lowered Tarena International from a buy rating to a hold rating in a report on Tuesday. Jefferies Group LLC reissued 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 target price on the stock. in a report on Tuesday, May 16th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $20.63.
Tarena International (TEDU) traded down 3.97% during mid-day trading on Wednesday, hitting $19.09. The stock had a trading volume of 176,695 shares. Tarena International has a 52-week low of $18.80 and a 52-week high of $19.94.
Tarena International (NASDAQ:TEDU) last posted its earnings results on Monday, May 22nd. The business services provider reported ($0.06) EPS for the quarter. The business had revenue of $48.30 million during the quarter. Tarena International had a net margin of 14.79% and a return on equity of 15.89%. On average, equities research analysts anticipate that Tarena International will post $0.97 earnings per share for the current year.
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Institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. raised 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 valued at $54,621,000 after buying an additional 1,212,463 shares during the last quarter. Schroder Investment Management Group raised 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 valued at $19,542,000 after buying an additional 353,405 shares during the last quarter. Renaissance Technologies LLC raised 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 valued at $15,155,000 after buying an additional 452,600 shares during the last quarter. Tiger Pacific Capital LP purchased a new position in shares of Tarena International during the first quarter valued at about $7,884,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Tarena International by 197.2% in the first quarter. Dimensional Fund Advisors LP now owns 261,547 shares of the business services provider’s stock valued at $4,887,000 after buying an additional 173,547 shares during the last quarter. 35.60% of the stock is currently 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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