Talend (TLND) Rating Lowered to Neutral at Rosenblatt Securities

Talend (NASDAQ:TLND) was downgraded by Rosenblatt Securities from a “buy” rating to a “neutral” rating in a report released on Thursday, MarketBeat Ratings reports.

Several other research analysts have also commented on TLND. BidaskClub lowered Talend from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. KeyCorp reduced their price target on Talend from $66.00 to $61.00 and set an “overweight” rating on the stock in a report on Tuesday, August 7th. Needham & Company LLC lifted their price target on Talend from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Zacks Investment Research lowered Talend from a “hold” rating to a “sell” rating in a report on Saturday, August 11th. Finally, Barclays lifted their price target on Talend from $72.00 to $91.00 and gave the stock an “overweight” rating in a report on Monday, September 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $61.33.

Shares of NASDAQ TLND traded down $1.91 during trading on Thursday, hitting $41.52. 1,220,179 shares of the company were exchanged, compared to its average volume of 185,750. Talend has a 12-month low of $35.46 and a 12-month high of $73.52. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.03.

Talend (NASDAQ:TLND) last posted its quarterly earnings results on Wednesday, November 7th. The technology company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. Talend had a negative return on equity of 171.24% and a negative net margin of 20.40%. The business had revenue of $52.07 million for the quarter, compared to analyst estimates of $51.84 million. During the same quarter in the previous year, the firm earned ($0.11) EPS. The company’s quarterly revenue was up 32.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Talend will post -1.04 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the stock. Whale Rock Capital Management LLC acquired a new stake in shares of Talend during the 2nd quarter worth about $182,842,000. Hunt Lane Capital LP increased its position in shares of Talend by 5.9% during the 2nd quarter. Hunt Lane Capital LP now owns 1,800,000 shares of the technology company’s stock worth $112,104,000 after purchasing an additional 100,000 shares during the last quarter. Putnam Investments LLC increased its position in shares of Talend by 16.9% during the 2nd quarter. Putnam Investments LLC now owns 1,795,830 shares of the technology company’s stock worth $111,845,000 after purchasing an additional 259,418 shares during the last quarter. FMR LLC increased its position in shares of Talend by 2.0% during the 3rd quarter. FMR LLC now owns 1,665,707 shares of the technology company’s stock worth $116,167,000 after purchasing an additional 32,970 shares during the last quarter. Finally, Granite Investment Partners LLC increased its position in shares of Talend by 4.2% during the 3rd quarter. Granite Investment Partners LLC now owns 303,795 shares of the technology company’s stock worth $21,186,000 after purchasing an additional 12,184 shares during the last quarter. 78.70% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Discover Your Risk Tolerance

Analyst Recommendations for Talend (NASDAQ:TLND)

Receive News & Ratings for Talend Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talend and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply