Tarena International Inc (NASDAQ:TEDU) Given Average Recommendation of “Hold” by Brokerages

Tarena International Inc (NASDAQ:TEDU) has earned an average recommendation of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and one has 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 $6.90.

Several equities analysts have commented on TEDU shares. Zacks Investment Research raised shares of Tarena International from a “sell” rating to a “hold” rating in a research report on Wednesday, May 15th. ValuEngine raised shares of Tarena International from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

Hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in shares of Tarena International during the 4th quarter worth approximately $156,000. Prudential PLC increased its stake in shares of Tarena International by 46.2% during the 2nd quarter. Prudential PLC now owns 532,989 shares of the business services provider’s stock worth $1,599,000 after purchasing an additional 168,542 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Tarena International by 10.0% during the 2nd quarter. Renaissance Technologies LLC now owns 656,307 shares of the business services provider’s stock worth $1,641,000 after purchasing an additional 59,807 shares during the last quarter. BlackRock Inc. increased its stake in shares of Tarena International by 8.9% during the 4th quarter. BlackRock Inc. now owns 772,678 shares of the business services provider’s stock worth $4,868,000 after purchasing an additional 63,263 shares during the last quarter. Finally, Davis Selected Advisers increased its stake in shares of Tarena International by 0.5% during the 2nd quarter. Davis Selected Advisers now owns 4,887,670 shares of the business services provider’s stock worth $12,219,000 after purchasing an additional 24,758 shares during the last quarter. Institutional investors own 25.45% of the company’s stock.

Shares of Tarena International stock traded down $0.08 during mid-day trading on Wednesday, hitting $1.33. 61,600 shares of the stock were exchanged, compared to its average volume of 195,199. Tarena International has a 12 month low of $0.91 and a 12 month high of $9.30. The company has a 50-day simple moving average of $1.49 and a 200 day simple moving average of $4.04. The company has a market capitalization of $63.02 million, a P/E ratio of -0.85 and a beta of 0.62.

About Tarena International

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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