CLSA set a $8.00 price target on Tarena International (NASDAQ:TEDU) in a report published on Wednesday. The brokerage currently has a sell rating on the business services provider’s stock.

Several other equities analysts have also recently commented on the stock. Jefferies Financial Group cut shares of Tarena International from a hold rating to an underperform rating and set a $5.80 price target for the company. in a research report on Wednesday. BidaskClub raised shares of Tarena International from a sell rating to a hold rating in a research report on Wednesday, October 24th. Finally, Zacks Investment Research raised shares of Tarena International from a sell rating to a hold rating in a research report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company has an average rating of Hold and a consensus price target of $9.10.

TEDU stock traded down $0.04 during midday trading on Wednesday, hitting $7.22. The company’s stock had a trading volume of 216,466 shares, compared to its average volume of 68,250. Tarena International has a 52-week low of $6.80 and a 52-week high of $15.45. The stock has a market capitalization of $401.32 million, a PE ratio of 15.70 and a beta of 0.74.

Tarena International (NASDAQ:TEDU) last issued its quarterly earnings results on Monday, November 19th. The business services provider reported ($0.23) 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 24.83%. The business had revenue of $102.86 million during the quarter. On average, sell-side analysts predict that Tarena International will post -0.72 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of 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 during the last quarter. BlackRock Inc. lifted its position in shares of 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 during the last quarter. Bank of Montreal Can purchased a new stake in shares of Tarena International during the 3rd quarter worth $130,000. Renaissance Technologies LLC lifted its position in shares of 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 during the last quarter. Finally, Summit Global Investments purchased a new stake in shares of Tarena International during the 2nd quarter worth $681,000. 30.48% of the stock is owned by institutional investors and hedge funds.

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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