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.

ILLEGAL ACTIVITY WARNING: “Analysts Set Tintri, Inc. (TNTR) Target Price at $8.67” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/11/05/analysts-set-tintri-inc-tntr-target-price-at-8-67.html.

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.

Analyst Recommendations for Tintri (NASDAQ:TNTR)

Receive News & Stock Ratings for Tintri Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tintri Inc. and related stocks with our FREE daily email newsletter.