Investment analysts at JPMorgan Chase & Co. initiated coverage on shares of Apptio Inc (NASDAQ:APTI) in a research note issued to investors on Tuesday. The firm set a “neutral” rating on the stock.

A number of other research firms also recently weighed in on APTI. Barclays PLC initiated coverage on Apptio in a research report on Tuesday. They issued an “equal weight” rating for the company. Bank of America Corp. initiated coverage on Apptio in a research note on Tuesday. They issued a “buy” rating on the stock. Pacific Crest initiated coverage on Apptio in a research note on Tuesday. They issued an “overweight” rating on the stock. Goldman Sachs Group Inc. initiated coverage on Apptio in a research note on Tuesday. They issued a “neutral” rating on the stock. Finally, Jefferies Group initiated coverage on Apptio in a research note on Tuesday. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy”.

Apptio (NASDAQ:APTI) opened at 20.52 on Tuesday. Apptio has a 12-month low of $18.78 and a 12-month high of $24.60. The firm’s 50 day moving average price is $20.85 and its 200-day moving average price is $20.85. The company’s market capitalization is $267.70 million.

5 Day Chart for NASDAQ:APTI

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