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

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. “

A number of other analysts have also commented on TEDU. Goldman Sachs Group, Inc. (The) lowered Tarena International from a “buy” rating to a “neutral” rating and set a $20.00 target price for the company. in a research report on Tuesday, May 16th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Tarena International in a research report on Wednesday, May 24th. Finally, BidaskClub lowered Tarena International from a “buy” rating to a “hold” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Tarena International presently has an average rating of “Hold” and a consensus price target of $18.60.

Tarena International (NASDAQ TEDU) traded up 0.35% on Wednesday, hitting $19.87. The company had a trading volume of 7,826 shares. The company has a market capitalization of $1.12 billion, a P/E ratio of 32.90 and a beta of 1.01. Tarena International has a one year low of $19.78 and a one year high of $20.10.

Tarena International (NASDAQ:TEDU) last issued its earnings results on Monday, May 22nd. The business services provider reported ($0.06) EPS for the quarter. Tarena International had a net margin of 14.79% and a return on equity of 15.89%. The firm had revenue of $48.30 million during the quarter. Equities analysts forecast that Tarena International will post $0.97 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the company. Westpac Banking Corp bought a new stake in shares of Tarena International during the first quarter worth approximately $235,000. EAM Investors LLC bought a new stake in shares of Tarena International during the first quarter worth approximately $2,136,000. Schroder Investment Management Group raised its stake in shares of Tarena International by 52.3% in the first quarter. Schroder Investment Management Group now owns 1,029,065 shares of the business services provider’s stock worth $19,542,000 after buying an additional 353,405 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Tarena International by 1,396.3% in the first quarter. Victory Capital Management Inc. now owns 252,556 shares of the business services provider’s stock worth $4,718,000 after buying an additional 235,677 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Tarena International by 15.9% in the first quarter. Nordea Investment Management AB now owns 103,033 shares of the business services provider’s stock worth $1,925,000 after buying an additional 14,125 shares in the last quarter. 35.60% of the stock is owned by hedge funds and other institutional investors.

Tarena International Company Profile

Tarena International, Inc (Tarena International) is a holding company. The Company, through its subsidiaries, provides professional education services, including professional information technology (IT) training courses and non-IT training courses across the People’s Republic of China (PRC). It operates through training segment.

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