Analysts Set Tintri Inc (TNTR) Price Target at $7.70

Shares of Tintri Inc (NASDAQ:TNTR) have been assigned an average rating of “Hold” from the ten ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $7.70.

A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Tintri from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. ValuEngine raised Tintri from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd.

A number of large investors have recently made changes to their positions in TNTR. Schwab Charles Investment Management Inc. acquired a new stake in Tintri in the fourth quarter valued at about $102,000. BlackRock Inc. lifted its position in Tintri by 9.3% in the fourth quarter. BlackRock Inc. now owns 458,561 shares of the company’s stock valued at $2,338,000 after purchasing an additional 38,995 shares during the period. Ferris Capital LLC acquired a new stake in Tintri in the fourth quarter valued at about $157,000. Citadel Advisors LLC acquired a new stake in Tintri in the fourth quarter valued at about $150,000. Finally, King Luther Capital Management Corp acquired a new stake in shares of Tintri during the 4th quarter valued at approximately $383,000. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Shares of NASDAQ TNTR traded down $0.02 during midday trading on Friday, reaching $0.17. 25,873 shares of the company were exchanged, compared to its average volume of 3,377,454. Tintri has a 1 year low of $0.16 and a 1 year high of $7.75. The firm has a market cap of $8.44 million and a P/E ratio of -0.03.

Tintri Company Profile

Tintri, Inc develops and markets an enterprise cloud platform combining cloud management software technology and a range of all-flash storage systems for virtualized and cloud environments in the United States and internationally. The company's platform provides large organizations and cloud service providers with public cloud capabilities inside their data centers and public cloud services.

Analyst Recommendations for Tintri (NASDAQ:TNTR)

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