Talend (TLND) PT Lowered to $50.00 at BTIG Research

Talend (NASDAQ:TLND) had its target price reduced by BTIG Research to $50.00 in a report issued on Tuesday, The Fly reports. BTIG Research currently has a buy rating on the technology company’s stock.

A number of other equities research analysts have also recently issued reports on TLND. Zacks Investment Research cut shares of Talend from a hold rating to a sell rating in a research note on Friday, November 16th. ValuEngine cut shares of Talend from a buy rating to a hold rating in a research note on Tuesday. BidaskClub cut shares of Talend from a buy rating to a hold rating in a research note on Tuesday, August 7th. Needham & Company LLC lifted their price target 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. Finally, KeyCorp decreased their price objective on Talend from $66.00 to $61.00 and set an overweight rating on the stock in a report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $58.43.

Talend stock opened at $34.04 on Tuesday. Talend has a 1 year low of $32.66 and a 1 year high of $73.52. The firm has a market capitalization of $992.04 million, a P/E ratio of -34.04 and a beta of 0.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.14 and a current ratio of 1.14.

Talend (NASDAQ:TLND) last released its quarterly earnings results on Wednesday, November 7th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. Talend had a negative net margin of 20.40% and a negative return on equity of 153.54%. The firm had revenue of $52.07 million for the quarter, compared to analysts’ expectations of $51.84 million. During the same quarter last year, the company earned ($0.11) EPS. The firm’s revenue for the quarter was up 32.2% compared to the same quarter last year. As a group, analysts forecast that Talend will post -1.1 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. Whale Rock Capital Management LLC purchased a new position in Talend in the 2nd quarter valued at $182,842,000. Hunt Lane Capital LP lifted its holdings in Talend by 5.9% in the 2nd quarter. Hunt Lane Capital LP now owns 1,800,000 shares of the technology company’s stock valued at $112,104,000 after purchasing an additional 100,000 shares in the last quarter. Putnam Investments LLC lifted its holdings in 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 in the last quarter. FMR LLC lifted its holdings in Talend by 2.0% in the 3rd quarter. FMR LLC now owns 1,665,707 shares of the technology company’s stock valued at $116,167,000 after purchasing an additional 32,970 shares in the last quarter. Finally, SQN Investors LP lifted its holdings in Talend by 405.5% in the 3rd quarter. SQN Investors LP now owns 784,082 shares of the technology company’s stock valued at $54,682,000 after purchasing an additional 628,983 shares in the last quarter. Institutional investors own 78.74% of the company’s stock.

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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Analyst Recommendations for Talend (NASDAQ:TLND)

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