Talend S.A. (TLND) Receives Consensus Rating of “Buy” from Brokerages
Talend S.A. (NASDAQ:TLND) has earned a consensus rating of “Buy” from the ten brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $37.83.
TLND has been the subject of a number of analyst reports. Zacks Investment Research downgraded Talend from a “hold” rating to a “sell” rating in a research note on Wednesday. Barclays PLC boosted their target price on Talend from $43.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. ValuEngine raised shares of Talend from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. BTIG Research reaffirmed a “buy” rating and issued a $45.00 price target (up previously from $35.00) on shares of Talend in a report on Thursday, July 13th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $37.00 price target (up previously from $30.00) on shares of Talend in a report on Monday, May 15th.
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Shares of Talend (NASDAQ TLND) opened at 37.52 on Friday. The firm’s market capitalization is $1.05 billion. The company’s 50 day moving average price is $37.27 and its 200-day moving average price is $31.55. Talend has a 52 week low of $21.02 and a 52 week high of $39.87.
Talend (NASDAQ:TLND) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.27) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by $0.05. The business had revenue of $35.80 million during the quarter, compared to the consensus estimate of $35.33 million. Talend had a negative return on equity of 159.94% and a negative net margin of 20.62%. The business’s revenue was up 40.9% on a year-over-year basis. During the same period last year, the business posted ($1.84) earnings per share. On average, equities research analysts expect that Talend will post ($0.79) EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its position in Talend by 37.9% in the first quarter. Wells Fargo & Company MN now owns 556,760 shares of the technology company’s stock valued at $16,580,000 after buying an additional 153,160 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in Talend during the first quarter valued at $101,000. Point72 Asset Management L.P. boosted its position in Talend by 64.8% in the first quarter. Point72 Asset Management L.P. now owns 52,900 shares of the technology company’s stock valued at $1,575,000 after buying an additional 20,800 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Talend by 41.9% in the first quarter. Ameriprise Financial Inc. now owns 87,071 shares of the technology company’s stock valued at $2,592,000 after buying an additional 25,718 shares during the last quarter. Finally, Summit Partners Public Asset Management LLC purchased a new position in Talend during the first quarter valued at $4,382,000. 36.13% of the stock is currently owned by hedge funds and other institutional investors.
Talend SA is a provider of open source integration solutions for data-oriented companies and integration platform under Apache Spark. The Company’s platform enables users to connect data and applications on-premise or in the cloud, in real time or in batch, Big Data or reference data. 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.
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