Tarena International (TEDU) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Tarena International (NASDAQ:TEDU) from a sell rating to a hold rating in a report released on Saturday morning.

According to Zacks, “Tarena International, Inc. is a provider of professional education services in China. The Company specializes in Information Technology professional education services including classroom training. It offers education courses in nine IT subjects, such as Java, C++, software testing, PHP, embedded, Android, .NET, iOS, and Linux and network engineering; and two non-IT subjects comprising digital art, and online sales and marketing through live distance instruction, classroom-based tutoring, and online learning modules. Tarena International, Inc. is headquartered in Beijing, the People’s Republic of China. “

Several other equities analysts also recently issued reports on TEDU. TheStreet downgraded shares of Tarena International from a c- rating to a d+ rating in a report on Thursday, November 29th. BidaskClub downgraded shares of Tarena International from a hold rating to a sell rating in a report on Friday, November 23rd. CLSA set a $8.00 price objective on shares of Tarena International and gave the company a sell rating in a report on Wednesday, November 21st. Finally, 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 report on Wednesday, November 21st. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $9.10.

TEDU opened at $6.92 on Friday. Tarena International has a 52-week low of $6.75 and a 52-week high of $15.45. The stock has a market cap of $385.29 million, a PE ratio of 15.04 and a beta of 0.70.

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). Tarena International had a negative net margin of 16.34% and a negative return on equity of 26.69%. The company had revenue of $102.86 million for the quarter. Sell-side analysts forecast that Tarena International will post -1.3 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Tarena International by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 416,497 shares of the business services provider’s stock valued at $3,153,000 after acquiring an additional 9,218 shares in the last quarter. BlackRock Inc. boosted its position in Tarena International by 9.4% in the second quarter. BlackRock Inc. now owns 675,511 shares of the business services provider’s stock valued at $5,113,000 after buying an additional 57,887 shares during the last quarter. Private Advisory Group LLC purchased a new stake in Tarena International in the second quarter valued at approximately $1,977,000. Renaissance Technologies LLC boosted its position in Tarena International by 46.6% in the second quarter. Renaissance Technologies LLC now owns 573,400 shares of the business services provider’s stock valued at $4,341,000 after buying an additional 182,395 shares during the last quarter. Finally, Summit Global Investments purchased a new stake in Tarena International in the second quarter valued at approximately $681,000. Hedge funds and other institutional investors own 28.83% of the company’s stock.

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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