Talend (NASDAQ:TLND) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.
TLND has been the subject of several other research reports. Needham & Company LLC assumed coverage on Talend in a report on Friday, March 23rd. They issued a “buy” rating and a $59.00 price target for the company. JPMorgan Chase cut Talend from a “neutral” rating to an “underweight” rating in a report on Thursday, January 25th. Citigroup cut Talend from a “buy” rating to a “neutral” rating and set a $61.00 price target for the company. in a report on Wednesday, January 10th. William Blair restated a “buy” rating on shares of Talend in a report on Tuesday, April 10th. Finally, ValuEngine upgraded Talend from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $49.75.
Talend stock opened at $50.09 on Wednesday. The company has a debt-to-equity ratio of -0.01, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $1,422.19, a P/E ratio of -50.09 and a beta of 0.21. Talend has a 52 week low of $28.92 and a 52 week high of $52.10.
Talend (NASDAQ:TLND) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported ($0.34) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.02. The company had revenue of $41.52 million during the quarter, compared to analysts’ expectations of $41.40 million. Talend had a negative return on equity of 454.15% and a negative net margin of 21.00%. sell-side analysts forecast that Talend will post -0.96 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. lifted its stake in shares of Talend by 3.7% in the 4th quarter. Macquarie Group Ltd. now owns 36,691 shares of the technology company’s stock valued at $1,375,000 after purchasing an additional 1,321 shares in the last quarter. Financial Advocates Investment Management acquired a new position in shares of Talend in the 4th quarter valued at about $202,000. Harvest Capital Strategies LLC acquired a new position in shares of Talend in the 4th quarter valued at about $4,685,000. Millennium Management LLC lifted its stake in shares of Talend by 51.0% in the 4th quarter. Millennium Management LLC now owns 276,510 shares of the technology company’s stock valued at $10,364,000 after purchasing an additional 93,437 shares in the last quarter. Finally, HBK Investments L P lifted its stake in shares of Talend by 34.6% in the 4th quarter. HBK Investments L P now owns 21,105 shares of the technology company’s stock valued at $791,000 after purchasing an additional 5,420 shares in the last quarter. 59.71% of the stock is currently owned by institutional investors and hedge funds.
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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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