BidaskClub cut shares of Talend (NASDAQ:TLND) from a strong-buy rating to a buy rating in a research note published on Wednesday.
Several other research firms have also weighed in on TLND. Needham & Company LLC assumed coverage on Talend in a report on Friday, March 23rd. They set a buy rating and a $59.00 target price on the stock. Zacks Investment Research upgraded Talend from a hold rating to a buy rating and set a $47.00 target price on the stock in a report on Tuesday, February 20th. JPMorgan Chase raised their target price on Talend from $40.00 to $41.00 and gave the company an underweight rating in a report on Wednesday, February 14th. KeyCorp restated a buy rating on shares of Talend in a report on Tuesday, February 13th. Finally, ValuEngine upgraded Talend from a sell rating to a hold rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $49.75.
Shares of NASDAQ:TLND opened at $46.70 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of -0.01. Talend has a 1 year low of $28.77 and a 1 year high of $52.10. The firm has a market cap of $1,341.47, a P/E ratio of -46.70 and a beta of 0.21.
Talend (NASDAQ:TLND) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported ($0.34) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.36) by $0.02. Talend had a negative return on equity of 454.15% and a negative net margin of 21.00%. The business had revenue of $41.52 million during the quarter, compared to analyst estimates of $41.40 million. analysts anticipate that Talend will post -0.96 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in shares of Talend by 218.3% in the third quarter. JPMorgan Chase & Co. now owns 12,414 shares of the technology company’s stock worth $497,000 after purchasing an additional 8,514 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Talend in the fourth quarter worth about $3,846,000. Ameriprise Financial Inc. increased its stake in shares of Talend by 5.9% in the third quarter. Ameriprise Financial Inc. now owns 86,230 shares of the technology company’s stock worth $3,530,000 after purchasing an additional 4,770 shares during the period. Harvest Capital Strategies LLC bought a new position in shares of Talend in the fourth quarter worth about $4,685,000. Finally, Lazard Asset Management LLC bought a new position in shares of Talend in the fourth quarter worth about $1,383,000. Institutional investors own 59.57% of the company’s stock.
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Talend Company Profile
Talend SA provides platform to address IT integration needs in various industries. It designs and develops Talend Data Fabric, a software platform that integrates data and applications in real time across big data and cloud environments, as well as traditional systems, which allows organizations to develop a unified view of their business and customers.
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