Zacks Investment Research Lowers Tarena International (TEDU) to Sell

Tarena International (NASDAQ:TEDU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

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. “

Other research analysts have also issued reports about the stock. ValuEngine lowered shares of Tarena International from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. BidaskClub downgraded shares of Tarena International from a “sell” rating to a “strong sell” rating in a report on Thursday, April 19th. CLSA downgraded shares of Tarena International from a “buy” rating to an “underperform” rating in a report on Tuesday, June 5th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $12.35 price target on shares of Tarena International in a report on Wednesday, March 7th. Finally, TheStreet downgraded shares of Tarena International from a “b-” rating to a “c+” rating in a report on Wednesday, April 11th. Four equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Tarena International currently has an average rating of “Hold” and an average price target of $16.21.

Tarena International traded down $0.08, hitting $7.43, on Friday, according to Marketbeat. 2,907 shares of the company were exchanged, compared to its average volume of 350,167. Tarena International has a fifty-two week low of $7.11 and a fifty-two week high of $21.70. The firm has a market capitalization of $434.54 million, a P/E ratio of 16.15, a PEG ratio of 1.24 and a beta of 0.89.

Several hedge funds and other institutional investors have recently made changes to their positions in TEDU. Trexquant Investment LP purchased a new stake in shares of Tarena International in the first quarter valued at about $151,000. BB&T Securities LLC purchased a new stake in shares of Tarena International in the fourth quarter valued at about $243,000. Geode Capital Management LLC lifted its stake in shares of Tarena International by 82.7% during the fourth quarter. Geode Capital Management LLC now owns 27,518 shares of the business services provider’s stock valued at $412,000 after buying an additional 12,458 shares during the period. Bank of Montreal Can lifted its stake in shares of Tarena International by 10.8% during the fourth quarter. Bank of Montreal Can now owns 38,694 shares of the business services provider’s stock valued at $580,000 after buying an additional 3,773 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of Tarena International during the first quarter valued at approximately $608,000. 33.57% of the stock is currently owned by institutional investors.

Tarena International Company Profile

Tarena International, Inc, through its subsidiaries, provides professional education services through part-time and full-time classes in the People's Republic of China. It offers education courses in 12 information technology (IT) subjects, such as Java, .NET, C++, software testing, PHP, embedded, Android, iOS, Big Data, Web front-end development, Linux and network engineering, and VR/AR; and 3 non-IT subjects comprising digital art, online sales and marketing, and accounting through live distance instruction, classroom-based tutoring, and online learning modules.

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Analyst Recommendations for Tarena International (NASDAQ:TEDU)

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