Talend (NASDAQ:TLND) had its target price reduced by stock analysts at Needham & Company LLC from $71.00 to $68.00 in a report issued on Thursday, MarketBeat.com reports. The firm presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 63.78% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Citigroup set a $86.00 target price on shares of Talend and gave the stock a “buy” rating in a report on Tuesday, September 18th. KeyCorp reiterated a “buy” rating and set a $61.00 target price on shares of Talend in a report on Thursday. BidaskClub upgraded shares of Talend from a “hold” rating to a “buy” rating in a report on Friday, November 2nd. Zacks Investment Research upgraded shares of Talend from a “sell” rating to a “hold” rating in a report on Thursday, August 30th. Finally, Barclays increased their target price on shares of Talend from $72.00 to $91.00 and gave the stock an “overweight” rating in a report on Monday, September 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $61.33.

Talend stock traded down $1.91 during mid-day trading on Thursday, reaching $41.52. 1,220,179 shares of the company’s stock were exchanged, compared to its average volume of 185,750. Talend has a twelve month low of $35.46 and a twelve 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 released its earnings results on Wednesday, November 7th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.01. The company had revenue of $52.07 million for the quarter, compared to analyst estimates of $51.84 million. Talend had a negative net margin of 20.40% and a negative return on equity of 171.24%. The firm’s quarterly revenue was up 32.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.11) EPS. As a group, equities analysts forecast that Talend will post -1.04 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale raised its holdings in shares of Talend by 160.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,080 shares of the technology company’s stock valued at $129,000 after purchasing an additional 1,280 shares in the last quarter. Ardsley Advisory Partners raised its holdings in shares of Talend by 21.4% in the 2nd quarter. Ardsley Advisory Partners now owns 8,500 shares of the technology company’s stock valued at $529,000 after purchasing an additional 1,500 shares in the last quarter. Gagnon Advisors LLC raised its holdings in shares of Talend by 1.5% in the 2nd quarter. Gagnon Advisors LLC now owns 105,541 shares of the technology company’s stock valued at $6,573,000 after purchasing an additional 1,521 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Talend in the 2nd quarter valued at $101,000. Finally, Granite Investment Partners LLC raised its holdings in shares of Talend by 0.6% in the 2nd quarter. Granite Investment Partners LLC now owns 291,611 shares of the technology company’s stock valued at $18,161,000 after purchasing an additional 1,636 shares in the last quarter. Institutional investors and hedge funds own 78.70% of the company’s stock.

About Talend

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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