Apptio Inc. (APTI) Stock Rating Reaffirmed by KeyCorp

Apptio Inc. (NASDAQ:APTI)‘s stock had its “buy” rating reissued by investment analysts at KeyCorp in a report issued on Wednesday. They currently have a $25.00 price objective on the technology company’s stock. KeyCorp’s price target points to a potential upside of 3.09% from the company’s current price.

APTI has been the topic of a number of other research reports. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $25.00 price objective on shares of Apptio in a research report on Tuesday, October 24th. Zacks Investment Research cut shares of Apptio from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Royal Bank Of Canada increased their price objective on shares of Apptio from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, August 3rd. Bank of America Corporation increased their price objective on shares of Apptio from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Barclays PLC increased their price objective on shares of Apptio from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $23.63.

Apptio (APTI) traded down 5.53% on Wednesday, reaching $22.91. The company’s stock had a trading volume of 691,535 shares. The stock’s 50 day moving average price is $18.45 and its 200 day moving average price is $18.41. Apptio has a 12 month low of $10.77 and a 12 month high of $24.50. The company’s market cap is $915.37 million.

Apptio (NASDAQ:APTI) last issued its quarterly earnings results on Monday, October 30th. The technology company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.08. Apptio had a negative return on equity of 37.40% and a negative net margin of 14.77%. The firm had revenue of $47.00 million during the quarter, compared to the consensus estimate of $44.86 million. During the same period last year, the business posted ($0.45) EPS. The business’s revenue was up 15.8% compared to the same quarter last year. Equities research analysts forecast that Apptio will post ($0.37) earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Apptio Inc. (APTI) Stock Rating Reaffirmed by KeyCorp” was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another publication, it was copied illegally and republished in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at https://sportsperspectives.com/2017/11/01/apptio-inc-apti-stock-rating-reaffirmed-by-keycorp.html.

Hedge funds have recently added to or reduced their stakes in the company. Nationwide Fund Advisors boosted its position in shares of Apptio by 244.9% during the 2nd quarter. Nationwide Fund Advisors now owns 10,199 shares of the technology company’s stock worth $177,000 after purchasing an additional 7,242 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Apptio by 322.6% during the 1st quarter. Wells Fargo & Company MN now owns 11,004 shares of the technology company’s stock worth $129,000 after purchasing an additional 8,400 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Apptio during the 2nd quarter worth about $207,000. HighTower Advisors LLC boosted its position in shares of Apptio by 1.7% during the 1st quarter. HighTower Advisors LLC now owns 15,252 shares of the technology company’s stock worth $179,000 after purchasing an additional 252 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Apptio by 321.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,254 shares of the technology company’s stock worth $265,000 after purchasing an additional 11,633 shares in the last quarter. 45.27% of the stock is currently owned by institutional investors.

About Apptio

Apptio, Inc is a provider of technology business management (TBM) solutions. The Company’s cloud-based platform and software as a service (SaaS) applications enable information technology (IT) leaders to analyze, optimize and plan technology investments, and benchmark the financial and operational performance against peers.

Analyst Recommendations for Apptio (NASDAQ:APTI)

Receive News & Ratings for Apptio Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apptio Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply