Tarena International Inc (NASDAQ:TEDU) Receives $6.90 Average PT from Analysts

Tarena International Inc (NASDAQ:TEDU) has been given a consensus recommendation of “Sell” by the seven research firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $6.90.

A number of analysts have recently issued reports on TEDU shares. Zacks Investment Research raised Tarena International from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. BidaskClub cut Tarena International from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 20th. Finally, Credit Suisse Group cut Tarena International from a “neutral” rating to an “underperform” rating in a report on Tuesday, March 12th.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Prudential PLC acquired a new position in Tarena International in the fourth quarter worth about $2,296,000. BlackRock Inc. grew its stake in shares of Tarena International by 8.9% during the fourth quarter. BlackRock Inc. now owns 772,678 shares of the business services provider’s stock valued at $4,868,000 after purchasing an additional 63,263 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Tarena International during the fourth quarter valued at approximately $156,000. 25.70% of the stock is currently owned by institutional investors.

Shares of NASDAQ:TEDU traded up $0.02 during trading on Tuesday, hitting $2.39. The stock had a trading volume of 25,471 shares, compared to its average volume of 46,272. Tarena International has a 12-month low of $2.18 and a 12-month high of $9.36. The firm has a market capitalization of $132.11 million, a PE ratio of -1.52 and a beta of 0.68. The business’s 50-day moving average price is $3.20.

Tarena International Company Profile

Tarena International, Inc, through its subsidiaries, provides professional education services through full-time and part-time classes in the People's Republic of China. It offers education courses in 13 information technology (IT) subjects, such as Java, .NET, C++, software testing, embedded, PHP, Android, iOS, Linux and network engineering, Big Data, Web front-end development, VR/AR, and Python; and 3 non-IT subjects, including digital art, online sales and marketing, and accounting through live distance instruction, classroom-based tutoring, and online learning modules.

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