Talend (NASDAQ:TLND) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.
According to Zacks, “Talend SA is a provider of big data and cloud integration solutions. Its commercial products are Data Fabric, Big Data Integration, Real-Time Big Data, Data Preparation, Data Integration, Cloud Integration, Data Quality, Application Integration, Master Data Management and metadata Manager. The company also provides technical support; and consulting and training services. Talend SA is based in Suresnes, France. “
TLND has been the subject of a number of other research reports. BidaskClub downgraded shares of Talend from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 23rd. Citigroup raised shares of Talend from a “neutral” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Thursday, June 28th. ValuEngine raised shares of Talend from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Barclays boosted their price objective on shares of Talend from $55.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, May 11th. Finally, Needham & Company LLC boosted their price objective on shares of Talend from $64.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $60.67.
TLND traded down $0.26 on Thursday, reaching $63.14. The company had a trading volume of 263 shares, compared to its average volume of 283,319. Talend has a fifty-two week low of $35.46 and a fifty-two week high of $65.23. The firm has a market cap of $1.76 billion, a P/E ratio of -62.92 and a beta of 0.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.15 and a current ratio of 1.15.
Talend (NASDAQ:TLND) last announced its quarterly earnings results on Monday, August 6th. The technology company reported ($0.12) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.12). Talend had a negative net margin of 19.77% and a negative return on equity of 190.77%. The business had revenue of $49.80 million for the quarter, compared to analyst estimates of $49.32 million. During the same quarter in the prior year, the business earned ($0.20) EPS. Talend’s quarterly revenue was up 39.1% on a year-over-year basis. equities analysts forecast that Talend will post -1.04 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Centaurus Financial Inc. bought a new stake in Talend in the 2nd quarter valued at about $101,000. BlackRock Inc. lifted its holdings in shares of Talend by 1,906.0% during the 2nd quarter. BlackRock Inc. now owns 2,347 shares of the technology company’s stock worth $146,000 after acquiring an additional 2,230 shares during the period. Diversified Trust Co bought a new stake in shares of Talend during the 2nd quarter worth approximately $206,000. Engineers Gate Manager LP bought a new stake in shares of Talend during the 2nd quarter worth approximately $206,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in shares of Talend during the 2nd quarter worth approximately $282,000. 77.49% of the stock is owned by hedge funds and other institutional investors.
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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