Equities researchers at Jefferies Group began coverage on shares of Apptio Inc (NASDAQ:APTI) in a research report issued on Tuesday. The brokerage set a “buy” rating on the stock.

A number of other equities research analysts have also issued reports on the company. Pacific Crest initiated coverage on Apptio in a research note on Tuesday. They set an “overweight” rating for the company. Bank of America Corp. initiated coverage on Apptio in a research note on Tuesday. They set a “buy” rating for the company. Finally, Goldman Sachs Group Inc. initiated coverage on Apptio in a research note on Tuesday. They set a “neutral” rating for the company. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy”.

Shares of Apptio (NASDAQ:APTI) opened at 20.52 on Tuesday. The company’s 50 day moving average price is $20.85 and its 200 day moving average price is $20.85. Apptio has a 52-week low of $18.78 and a 52-week high of $24.60. The stock’s market cap is $267.70 million.

5 Day Chart for NASDAQ:APTI

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