BidaskClub Lowers Talend (TLND) to Sell

BidaskClub downgraded shares of Talend (NASDAQ:TLND) from a hold rating to a sell rating in a research report report published on Tuesday, April 30th, BidAskClub reports.

TLND has been the topic of a number of other research reports. Needham & Company LLC reissued a buy rating and issued a $69.00 target price (up previously from $68.00) on shares of Talend in a research note on Friday, February 15th. ValuEngine cut shares of Talend from a buy rating to a hold rating in a research note on Wednesday, February 13th. KeyCorp reissued a buy rating and issued a $52.00 target price on shares of Talend in a research note on Wednesday, January 9th. Zacks Investment Research cut shares of Talend from a strong-buy rating to a hold rating in a research note on Friday, February 22nd. Finally, BTIG Research upped their target price on shares of Talend to $62.00 and gave the company a buy rating in a research note on Monday, March 25th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $64.83.

Talend stock opened at $47.98 on Tuesday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of -39.33 and a beta of 0.20. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.60 and a quick ratio of 0.72. Talend has a fifty-two week low of $31.35 and a fifty-two week high of $73.52.

Talend (NASDAQ:TLND) last announced its quarterly earnings data on Wednesday, May 8th. The technology company reported ($0.32) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.39) by $0.07. The business had revenue of $57.84 million during the quarter, compared to analyst estimates of $56.59 million. Talend had a negative net margin of 22.24% and a negative return on equity of 168.43%. The firm’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.18) earnings per share. Equities analysts forecast that Talend will post -1.67 earnings per share for the current fiscal year.

In other news, COO Laurent Bride sold 3,483 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $47.92, for a total transaction of $166,905.36. Following the sale, the chief operating officer now directly owns 174,819 shares of the company’s stock, valued at $8,377,326.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TLND. Quantamental Technologies LLC acquired a new position in Talend in the first quarter valued at approximately $31,000. Barclays PLC lifted its holdings in Talend by 472.7% in the fourth quarter. Barclays PLC now owns 945 shares of the technology company’s stock valued at $35,000 after buying an additional 780 shares during the period. Penserra Capital Management LLC lifted its holdings in Talend by 63.7% in the fourth quarter. Penserra Capital Management LLC now owns 1,182 shares of the technology company’s stock valued at $43,000 after buying an additional 460 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Talend by 485.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,405 shares of the technology company’s stock valued at $71,000 after buying an additional 1,165 shares during the period. Finally, AdvisorNet Financial Inc lifted its holdings in Talend by 126.4% in the fourth quarter. AdvisorNet Financial Inc now owns 4,335 shares of the technology company’s stock valued at $161,000 after buying an additional 2,420 shares during the period. 79.95% of the stock is currently owned by institutional investors and hedge funds.

Talend Company Profile

Talend SA provides software platform to address IT integration needs in various industries in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. 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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Analyst Recommendations for Talend (NASDAQ:TLND)

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