Tintri (TNTR) Receives Consensus Rating of “Hold” from Analysts

Tintri (NASDAQ:TNTR) has been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $7.70.

TNTR has been the subject of several research reports. Zacks Investment Research upgraded shares of Tintri from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a research note on Wednesday, December 20th. Piper Jaffray set a $5.00 price objective on shares of Tintri and gave the stock a “hold” rating in a research report on Thursday, December 14th. Bank of America cut shares of Tintri from a “neutral” rating to an “underperform” rating and set a $5.00 price objective for the company. in a research report on Thursday, December 14th. Finally, KeyCorp reaffirmed an “equal weight” rating on shares of Tintri in a research report on Friday, December 15th.

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In other news, major shareholder Insight Holdings Group, Llc sold 645,433 shares of Tintri stock in a transaction on Friday, March 9th. The shares were sold at an average price of $5.54, for a total transaction of $3,575,698.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG lifted its position in Tintri by 140.4% in the fourth quarter. Deutsche Bank AG now owns 20,915 shares of the company’s stock valued at $106,000 after acquiring an additional 12,214 shares during the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in Tintri in the fourth quarter valued at $102,000. Citadel Advisors LLC purchased a new stake in Tintri in the fourth quarter valued at $150,000. Ferris Capital LLC purchased a new stake in Tintri in the fourth quarter valued at $157,000. Finally, Geode Capital Management LLC lifted its position in Tintri by 80.6% in the fourth quarter. Geode Capital Management LLC now owns 79,661 shares of the company’s stock valued at $406,000 after acquiring an additional 35,547 shares during the last quarter. 58.24% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:TNTR traded up $0.13 during trading on Friday, hitting $2.10. The company’s stock had a trading volume of 2,156,975 shares, compared to its average volume of 2,599,110. The company has a market cap of $65.78 and a price-to-earnings ratio of -0.39. The company has a quick ratio of 0.96, a current ratio of 1.04 and a debt-to-equity ratio of -0.73. Tintri has a fifty-two week low of $1.60 and a fifty-two week high of $7.75.

Tintri (NASDAQ:TNTR) last posted its quarterly earnings results on Monday, March 5th. The company reported ($1.17) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.23) by $0.06. The business had revenue of $28.90 million during the quarter, compared to analyst estimates of $26.27 million. analysts expect that Tintri will post -2.83 EPS for the current year.

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Tintri Company Profile

Tintri, Inc provides an enterprise cloud platform to organizations and cloud service providers. The Company’s enterprise cloud platform combines cloud management software, Web services and a range of all-flash storage systems. Its enterprise cloud platform is based on its Tintri CONNECT Web services architecture, which is designed to work like public cloud architecture using Web services.

Analyst Recommendations for Tintri (NASDAQ:TNTR)

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