Shares of Tintri, Inc. (NASDAQ:TNTR) have been assigned an average rating of “Hold” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $8.67.

A number of analysts recently issued reports on the company. Bank of America Corporation assumed coverage on Tintri in a research report on Tuesday, July 25th. They issued a “buy” rating and a $16.00 target price for the company. Needham & Company LLC assumed coverage on Tintri in a research report on Tuesday, July 25th. They issued a “buy” rating and a $15.00 target price for the company. KeyCorp assumed coverage on Tintri in a research report on Tuesday, July 25th. They issued an “overweight” rating and a $9.00 target price for the company. William Blair assumed coverage on Tintri in a research report on Tuesday, July 25th. They issued an “outperform” rating for the company. Finally, Raymond James Financial, Inc. started coverage on Tintri in a research report on Tuesday, July 25th. They issued an “outperform” rating and a $9.00 target price for the company.

Tintri (NASDAQ:TNTR) last announced its earnings results on Thursday, September 7th. The company reported ($2.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.97) by ($0.08). The company had revenue of $34.87 million during the quarter, compared to analysts’ expectations of $35.68 million. The firm’s revenue was up 26.5% compared to the same quarter last year.

Institutional investors have recently bought and sold shares of the business. OZ Management LP acquired a new stake in Tintri during the 2nd quarter worth approximately $3,612,000. Empyrean Capital Partners LP acquired a new stake in Tintri during the 2nd quarter worth approximately $6,180,000. JPMorgan Chase & Co. acquired a new stake in Tintri during the 2nd quarter worth approximately $4,725,000. Insight Holdings Group LLC acquired a new stake in Tintri during the 2nd quarter worth approximately $38,786,000. Finally, NEA Management Company LLC acquired a new stake in Tintri during the 2nd quarter worth approximately $38,192,000. 50.60% of the stock is owned by institutional investors.

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About Tintri

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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