Apptio (APTI) Earning Somewhat Favorable News Coverage, Study Finds

Media stories about Apptio (NASDAQ:APTI) have been trending somewhat positive on Monday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Apptio earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 44.7609227248601 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

Shares of Apptio (NASDAQ APTI) traded down 0.52% during midday trading on Monday, reaching $19.10. 313,719 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $18.22 and its 200 day moving average price is $18.22. Apptio has a 12-month low of $10.77 and a 12-month high of $20.65. The company’s market cap is $763.14 million.

Apptio (NASDAQ:APTI) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.04. The firm had revenue of $45.23 million during the quarter, compared to analyst estimates of $43.72 million. Apptio had a negative net margin of 17.36% and a negative return on equity of 41.76%. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities analysts anticipate that Apptio will post ($0.37) earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on APTI shares. Zacks Investment Research raised shares of Apptio from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Oppenheimer Holdings Inc. started coverage on shares of Apptio in a research note on Thursday, July 27th. They issued an “outperform” rating and a $25.00 price target for the company. Royal Bank Of Canada increased their price target on shares of Apptio from $19.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, August 3rd. Finally, KeyCorp reissued a “buy” rating and issued a $22.00 price target on shares of Apptio in a research note on Friday, October 6th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $22.29.

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About Apptio

Apptio, Inc is a provider of technology business management (TBM) solutions. The Company’s cloud-based platform and software as a service (SaaS) applications enable information technology (IT) leaders to analyze, optimize and plan technology investments, and benchmark the financial and operational performance against peers.

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