Tintri (TNTR) Given “Equal Weight” Rating at KeyCorp

KeyCorp reaffirmed their equal weight rating on shares of Tintri (NASDAQ:TNTR) in a research report sent to investors on Friday morning.

Other equities research analysts have also issued reports about the stock. Morgan Stanley lowered shares of Tintri from an overweight rating to an equal weight rating and reduced their price objective for the company from $10.00 to $6.00 in a research note on Wednesday, August 23rd. William Blair lowered shares of Tintri from an outperform rating to a market perform rating in a research note on Friday, September 8th. Piper Jaffray Companies reaffirmed a neutral rating and issued a $6.50 price objective (down from $8.50) on shares of Tintri in a research note on Friday, September 8th. Raymond James Financial reaffirmed an underperform rating and issued a $9.00 price objective on shares of Tintri in a research note on Wednesday, September 20th. Finally, Bank of America lowered shares of Tintri from a neutral rating to an underperform rating and set a $5.00 price objective on the stock. in a research note on Thursday, December 14th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has a consensus rating of Hold and an average target price of $7.92.

Shares of Tintri (TNTR) opened at $5.01 on Friday. The company has a debt-to-equity ratio of -1.02, a current ratio of 1.27 and a quick ratio of 1.20. Tintri has a 1-year low of $2.78 and a 1-year high of $7.75.

Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new position in shares of Tintri during the 2nd quarter valued at $619,000. OZ Management LP acquired a new position in shares of Tintri during the 2nd quarter valued at $3,612,000. Empyrean Capital Partners LP acquired a new position in shares of Tintri during the 2nd quarter valued at $6,180,000. JPMorgan Chase & Co. acquired a new position in shares of Tintri during the 2nd quarter valued at $4,725,000. Finally, UBS Oconnor LLC acquired a new position in shares of Tintri during the 2nd quarter valued at $1,454,000. Institutional investors own 61.33% of the company’s stock.

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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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