Analysts Set Tintri, Inc. (TNTR) Target Price at $8.67
Shares of Tintri, Inc. (NASDAQ:TNTR) have received an average recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $8.67.
Several research analysts have commented on the stock. Bank of America Corporation downgraded shares of Tintri from a “buy” rating to a “neutral” rating and set a $8.00 price objective for the company. in a research report on Friday, September 8th. Morgan Stanley restated an “equal weight” rating and set a $10.00 price objective on shares of Tintri in a research report on Wednesday, August 23rd. Piper Jaffray Companies reiterated a “hold” rating and set a $8.50 price target on shares of Tintri in a report on Friday, September 1st. Raymond James Financial, Inc. reiterated an “underperform” rating and set a $9.00 price target on shares of Tintri in a report on Wednesday, September 20th. Finally, William Blair assumed coverage on shares of Tintri in a report on Tuesday, July 25th. They set an “outperform” rating for the company.
Several institutional investors have recently modified their holdings of the stock. Legal & General Group Plc bought a new stake in shares of Tintri in the second quarter worth $146,000. Goldman Sachs Group Inc. bought a new stake in shares of Tintri in the second quarter worth $619,000. UBS Oconnor LLC bought a new stake in shares of Tintri in the second quarter worth $1,454,000. Federated Investors Inc. PA bought a new stake in shares of Tintri in the second quarter worth $2,181,000. Finally, Laurion Capital Management LP bought a new stake in shares of Tintri in the second quarter worth $2,181,000. 50.60% of the stock is currently owned by institutional investors.
Shares of Tintri (TNTR) traded up $0.26 on Thursday, reaching $3.97. 601,695 shares of the company’s stock traded hands, compared to its average volume of 296,675. The company has a debt-to-equity ratio of -1.02, a quick ratio of 1.20 and a current ratio of 1.27.
Tintri (NASDAQ:TNTR) last announced its quarterly earnings data on Thursday, September 7th. The company reported ($2.05) EPS for the quarter, missing the consensus estimate of ($1.97) by ($0.08). The business had revenue of $34.87 million for the quarter, compared to analyst estimates of $35.68 million. Tintri’s quarterly revenue was up 26.5% compared to the same quarter last year. equities research analysts anticipate that Tintri will post -5.42 EPS for the current year.
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Tintri Company Profile
Tintri, Inc is a United States-based company. The Company is engaged in the business of storage management solutions. The Company offers a range of products, including Tintri all-flash array, Tintri hybrid-flash array, Tintri Global Center (TGC), Tintri Analytics, Tintri Storage Software. The Company’s solutions include cloud, desktops, database system and servers, Data protection and disaster recovery and DevOps.
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