Tarena International (TEDU) Cut to Sell at BidaskClub

Tarena International (NASDAQ:TEDU) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Tarena International from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. Jefferies Financial Group downgraded shares of Tarena International from a “hold” rating to an “underperform” rating and set a $5.80 price objective on the stock. in a research note on Wednesday. Finally, CLSA set a $8.00 price objective on shares of Tarena International and gave the stock a “sell” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $9.10.

NASDAQ:TEDU traded down $0.03 during mid-day trading on Friday, reaching $7.19. 60,100 shares of the company’s stock were exchanged, compared to its average volume of 168,872. Tarena International has a one year low of $6.80 and a one year high of $15.45. The firm has a market cap of $399.11 million, a price-to-earnings ratio of 15.63 and a beta of 0.74.

Tarena International (NASDAQ:TEDU) last announced its quarterly earnings data on Monday, November 19th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.19). The firm had revenue of $102.86 million for the quarter. Tarena International had a negative return on equity of 26.69% and a negative net margin of 16.34%. As a group, analysts anticipate that Tarena International will post -0.72 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in TEDU. Aperio Group LLC acquired a new stake in Tarena International during the second quarter worth about $121,000. Bank of Montreal Can acquired a new stake in shares of Tarena International in the 3rd quarter valued at approximately $130,000. Summit Global Investments acquired a new stake in shares of Tarena International in the 2nd quarter valued at approximately $681,000. Private Advisory Group LLC acquired a new stake in shares of Tarena International in the 2nd quarter valued at approximately $1,977,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Tarena International by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 416,497 shares of the business services provider’s stock valued at $3,153,000 after purchasing an additional 9,218 shares in the last quarter. Hedge funds and other institutional investors own 30.48% of the company’s stock.

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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