Today, Analysts Set Apptio Inc (APTI) Target Price at $23.57

Today, Analysts Set Apptio Inc (APTI) Target Price at $23.57

Shares of Apptio Inc (NASDAQ:APTI) have been given an average rating of “Hold” by the eight research firms that are presently covering the company. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $23.57.

Several research firms have weighed in on APTI. Jefferies Group restated a “buy” rating on shares of Apptio in a research report on Friday, November 11th. JPMorgan Chase & Co. restated a “hold” rating and issued a $23.00 price objective on shares of Apptio in a research report on Thursday, November 3rd. RBC Capital Markets began coverage on shares of Apptio in a research report on Tuesday, October 18th. They issued a “sector perform” rating and a $23.00 price objective for the company. Royal Bank Of Canada began coverage on shares of Apptio in a research report on Tuesday, October 18th. They issued a “sector perform” rating and a $23.00 price objective for the company. Finally, Barclays PLC began coverage on shares of Apptio in a research report on Tuesday, October 18th. They issued an “equal weight” rating and a $23.00 price objective for the company.

Shares of Apptio (NASDAQ:APTI) opened at 19.07 on Tuesday. The company has a 50 day moving average of $19.46 and a 200 day moving average of $19.87. The stock’s market cap is $730.59 million. Apptio has a 12 month low of $17.52 and a 12 month high of $24.60.

Apptio (NASDAQ:APTI) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.45) earnings per share for the quarter, beating the consensus estimate of ($0.50) by $0.05. The company earned $33.30 million during the quarter, compared to analyst estimates of $37.90 million. The business’s revenue was up 25.7% on a year-over-year basis. Equities research analysts expect that Apptio will post ($1.32) earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Hillman Co. purchased a new position in shares of Apptio during the third quarter worth about $3,723,000. Greylock Xii GP LLC purchased a new position in shares of Apptio during the third quarter worth about $106,285,000. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Apptio during the third quarter worth about $527,000. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Apptio during the third quarter worth about $2,169,000. Finally, Monashee Investment Management LLC purchased a new position in shares of Apptio during the third quarter worth about $1,302,000.

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