Tarena International (TEDU) Downgraded to “D+” at TheStreet

TheStreet cut shares of Tarena International (NASDAQ:TEDU) from a c- rating to a d+ rating in a research note published on Thursday morning.

Several other research analysts have also recently commented on TEDU. Zacks Investment Research raised Tarena International from a sell rating to a hold rating in a research note on Tuesday, August 14th. BidaskClub raised Tarena International from a sell rating to a hold rating in a research note on Wednesday, October 24th. Jefferies Financial Group cut Tarena International from a hold rating to an underperform rating and set a $5.80 target price for the company. in a research note on Wednesday, November 21st. Finally, CLSA set a $8.00 target price on Tarena International and gave the stock a sell rating in a research note on Wednesday, November 21st. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $9.10.

TEDU stock opened at $6.97 on Thursday. The firm has a market capitalization of $385.29 million, a P/E ratio of 15.15 and a beta of 0.74. Tarena International has a 12-month low of $6.75 and a 12-month high of $15.45.

Tarena International (NASDAQ:TEDU) last posted its quarterly earnings data on Monday, November 19th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.19). The firm had revenue of $102.86 million during the quarter. Tarena International had a negative net margin of 16.34% and a negative return on equity of 26.69%. As a group, research analysts forecast that Tarena International will post -1.3 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Tarena International by 5.0% during the 3rd quarter. BlackRock Inc. now owns 709,415 shares of the business services provider’s stock worth $5,760,000 after purchasing an additional 33,904 shares in the last quarter. Renaissance Technologies LLC grew its stake in Tarena International by 46.6% during the 2nd quarter. Renaissance Technologies LLC now owns 573,400 shares of the business services provider’s stock worth $4,341,000 after purchasing an additional 182,395 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Tarena International by 4.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 433,886 shares of the business services provider’s stock worth $3,523,000 after purchasing an additional 17,389 shares in the last quarter. Summit Global Investments acquired a new position in Tarena International during the 2nd quarter worth $681,000. Finally, Private Advisory Group LLC acquired a new position in Tarena International during the 2nd quarter worth $1,977,000. 30.48% of the stock is owned by hedge funds and other institutional investors.

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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