Brokerages Set Tintri, Inc. (TNTR) Price Target at $7.83

Shares of Tintri, Inc. (NASDAQ:TNTR) have received an average recommendation of “Hold” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $7.83.

A number of research firms have weighed in on TNTR. Piper Jaffray Companies restated a “neutral” rating and issued a $6.50 price target (down from $8.50) on shares of Tintri in a research note on Friday, September 8th. William Blair cut Tintri from an “outperform” rating to a “market perform” rating in a research note on Friday, September 8th. Bank of America Corporation cut Tintri from a “buy” rating to a “neutral” rating and set a $8.00 price target on the stock. in a research note on Friday, September 8th. Morgan Stanley restated an “equal weight” rating and issued a $10.00 price target on shares of Tintri in a research note on Wednesday, August 23rd. Finally, Needham & Company LLC cut their price target on Tintri from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, September 8th.

In other news, major shareholder Enterprise Associates 12 New acquired 926,429 shares of the company’s stock in a transaction on Thursday, July 6th. The shares were bought at an average price of $7.00 per share, with a total value of $6,485,003.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher J. Schaepe acquired 597,858 shares of the company’s stock in a transaction on Thursday, July 6th. The shares were purchased at an average cost of $7.00 per share, for a total transaction of $4,185,006.00. The disclosure for this purchase can be found here.

Several hedge funds have recently modified their holdings of TNTR. NEA Management Company LLC purchased a new position in shares of Tintri during the second quarter worth about $38,192,000. Insight Holdings Group LLC purchased a new position in shares of Tintri during the second quarter worth about $38,786,000. Legal & General Group Plc purchased a new position in shares of Tintri during the second quarter worth about $146,000. Federated Investors Inc. PA purchased a new position in shares of Tintri during the second quarter worth about $2,181,000. Finally, OZ Management LP purchased a new position in shares of Tintri during the second quarter worth about $3,612,000. 51.23% of the stock is currently owned by institutional investors.

Shares of Tintri (NASDAQ:TNTR) traded down 4.67% on Wednesday, reaching $4.29. The company had a trading volume of 1,198,534 shares. The firm’s market capitalization is $132.61 million. The firm’s 50 day moving average is $6.35 and its 200 day moving average is $6.55. Tintri has a 12 month low of $4.21 and a 12 month high of $9.80.

Tintri (NASDAQ:TNTR) last posted its quarterly earnings results on Thursday, September 7th. The company reported ($2.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.97) by ($0.08). The business had revenue of $34.87 million during the quarter, compared to the consensus estimate of $35.68 million. The business’s revenue was up 26.5% compared to the same quarter last year. On average, equities research analysts expect that Tintri will post ($3.52) earnings per share for the current fiscal year.

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Tintri Company Profile

Tintri, Inc is a United States-based company. The Company is engaged in the business of storage management solutions. The Company offers a range of products, including Tintri all-flash array, Tintri hybrid-flash array, Tintri Global Center (TGC), Tintri Analytics, Tintri Storage Software. The Company’s solutions include cloud, desktops, database system and servers, Data protection and disaster recovery and DevOps.

Analyst Recommendations for Tintri (NASDAQ:TNTR)

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