Talend (TLND) Shares Gap Down Following Analyst Downgrade

Shares of Talend SA (NASDAQ:TLND) gapped down before the market opened on Friday after Rosenblatt Securities downgraded the stock from a buy rating to a neutral rating. The stock had previously closed at $43.77, but opened at $43.43. Talend shares last traded at $40.50, with a volume of 8316 shares changing hands.

A number of other analysts have also commented on TLND. BidaskClub lowered shares of Talend from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. KeyCorp reduced their price objective on shares of Talend from $66.00 to $61.00 and set an “overweight” rating for the company in a research note on Tuesday, August 7th. Needham & Company LLC upped their price objective on shares of Talend from $64.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Zacks Investment Research lowered shares of Talend from a “hold” rating to a “sell” rating in a research note on Saturday, August 11th. Finally, Barclays upped their price objective on shares of Talend from $72.00 to $91.00 and gave the company an “overweight” rating in a research note on Monday, September 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $62.17.

Institutional investors and hedge funds have recently modified their holdings of the company. Putnam Investments LLC increased its holdings in shares of Talend by 16.9% in the 2nd quarter. Putnam Investments LLC now owns 1,795,830 shares of the technology company’s stock valued at $111,845,000 after purchasing an additional 259,418 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Talend in the 3rd quarter valued at about $18,944,000. Atria Investments LLC acquired a new position in shares of Talend in the 2nd quarter valued at about $325,000. Point72 Asset Management L.P. acquired a new position in shares of Talend in the 2nd quarter valued at about $8,177,000. Finally, Summit Global Investments acquired a new position in shares of Talend in the 2nd quarter valued at about $722,000. Institutional investors own 78.70% of the company’s stock.

The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -40.40 and a beta of 0.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.15 and a quick ratio of 1.15.

Talend (NASDAQ:TLND) last issued its earnings results on Wednesday, November 7th. The technology company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. The company had revenue of $52.07 million for the quarter, compared to the consensus estimate of $51.84 million. Talend had a negative return on equity of 190.77% and a negative net margin of 19.77%. The firm’s quarterly revenue was up 32.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.11) EPS. On average, equities research analysts expect that Talend SA will post -1.04 earnings per share for the current year.

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Talend Company Profile (NASDAQ:TLND)

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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