Apptio Inc (NASDAQ:APTI)‘s stock had its “buy” rating reissued by Jefferies Group in a note issued to investors on Friday.

The analysts wrote, “Wall Street Analysts Are Bullish on Top Technology Picks | Analyst Ratings

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Home » Wall Street Analysts Are Bullish on Top Technology Picks”

Several other analysts have also recently commented on APTI. Bank of America Corp. started coverage on Apptio in a research report on Tuesday, October 18th. They set a “buy” rating and a $26.00 price target for the company. Pacific Crest started coverage on Apptio in a research report on Tuesday, October 18th. They set an “overweight” rating and a $26.00 price target for the company. Goldman Sachs Group Inc. began coverage on Apptio in a research report on Tuesday, October 18th. They set a “neutral” rating and a $21.00 price target for the company. Barclays PLC began coverage on Apptio in a research note on Tuesday, October 18th. They set an “equal weight” rating and a $23.00 price objective on the stock. Finally, JPMorgan Chase & Co. began coverage on Apptio in a research note on Tuesday, October 18th. They set a “neutral” rating and a $23.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $24.25.

Analyst Recommendations for Apptio (NASDAQ:APTI)

Shares of Apptio (NASDAQ:APTI) opened at 19.23 on Friday. Apptio has a 1-year low of $17.52 and a 1-year high of $24.60. The firm has a 50-day moving average price of $20.17 and a 200-day moving average price of $20.17. The stock’s market cap is $250.87 million.

Apptio (NASDAQ:APTI) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.45) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.50) by $0.05. The firm had revenue of $33.30 million for the quarter, compared to analysts’ expectations of $37.90 million. The company’s revenue for the quarter was up 25.7% compared to the same quarter last year. Equities analysts forecast that Apptio will post ($1.43) EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new position in shares of Apptio during the third quarter valued at approximately $1,443,000. Laurion Capital Management LP acquired a new position in shares of Apptio during the third quarter valued at approximately $760,000. Morgan Stanley acquired a new position in shares of Apptio during the third quarter valued at approximately $559,000. Spark Investment Management LLC acquired a new position in shares of Apptio during the third quarter valued at approximately $221,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of Apptio during the third quarter valued at approximately $972,000.

5 Day Chart for NASDAQ:APTI

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