Shares of Apptio Inc (NASDAQ:APTI) have been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the company. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $23.57.

APTI has been the subject of a number of recent research reports. Royal Bank Of Canada initiated coverage on shares of Apptio in a research report on Tuesday, October 18th. They set a “sector perform” rating and a $23.00 price objective for the company. Pacific Crest initiated coverage on shares of Apptio in a research report on Tuesday, October 18th. They set an “overweight” rating and a $26.00 price objective for the company. Barclays PLC initiated coverage on shares of Apptio in a research report on Tuesday, October 18th. They set an “equal weight” rating and a $23.00 price objective for the company. RBC Capital Markets initiated coverage on shares of Apptio in a research report on Tuesday, October 18th. They set a “sector perform” rating and a $23.00 price objective for the company. Finally, Goldman Sachs Group Inc. initiated coverage on shares of Apptio in a research report on Tuesday, October 18th. They set a “neutral” rating and a $21.00 price objective for the company.

Shares of Apptio (NASDAQ:APTI) opened at 19.07 on Tuesday. Apptio has a 52-week low of $17.52 and a 52-week high of $24.60. The firm’s market capitalization is $730.59 million. The stock’s 50 day moving average is $19.46 and its 200-day moving average is $19.87.

Apptio (NASDAQ:APTI) last issued its earnings results on Wednesday, November 2nd. The company reported ($0.45) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.05. The company earned $33.30 million during the quarter, compared to analyst estimates of $37.90 million. The business’s revenue was up 25.7% on a year-over-year basis. On average, equities analysts forecast that Apptio will post ($1.32) earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of APTI. G2 Investment Partners Management LLC purchased a new position in Apptio during the third quarter valued at approximately $217,000. Citadel Advisors LLC purchased a new position in Apptio during the third quarter valued at approximately $1,443,000. Laurion Capital Management LP purchased a new position in Apptio during the third quarter valued at approximately $760,000. Morgan Stanley bought a new position in Apptio during the third quarter valued at about $559,000. Finally, Spark Investment Management LLC bought a new position in Apptio during the third quarter valued at about $221,000.

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Apptio Company Profile

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