Shares of Talend SA (NASDAQ:TLND) dropped 1.8% on Tuesday after BTIG Research lowered their price target on the stock to $50.00. BTIG Research currently has a buy rating on the stock. Talend traded as low as $34.66 and last traded at $34.25. Approximately 30,757 shares traded hands during trading, a decline of 95% from the average daily volume of 619,066 shares. The stock had previously closed at $34.88.

Several other research firms have also weighed in on TLND. BidaskClub lowered shares of Talend from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Needham & Company LLC raised their price objective on shares of 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 shares of Talend from a “hold” rating to a “sell” rating in a report on Friday. Citigroup set a $86.00 price objective on shares of Talend and gave the stock a “buy” rating in a report on Tuesday, September 18th. Finally, Barclays raised their price objective on shares of Talend from $72.00 to $91.00 and gave the stock an “overweight” rating in a report on Monday, September 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $58.43.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Centaurus Financial Inc. acquired a new stake in Talend in the second quarter worth $101,000. DekaBank Deutsche Girozentrale raised its holdings in shares of Talend by 160.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,080 shares of the technology company’s stock worth $129,000 after acquiring an additional 1,280 shares during the period. BlackRock Inc. raised its holdings in shares of Talend by 1,906.0% during the second quarter. BlackRock Inc. now owns 2,347 shares of the technology company’s stock worth $146,000 after acquiring an additional 2,230 shares during the period. FDx Advisors Inc. acquired a new stake in shares of Talend during the third quarter worth $201,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Talend during the second quarter worth $206,000. 78.74% of the stock is currently owned by institutional investors and hedge funds.

The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.09 billion, a P/E ratio of -33.91 and a beta of 0.74.

Talend (NASDAQ:TLND) last issued its quarterly earnings data on Wednesday, November 7th. The technology company reported ($0.09) EPS for the quarter, topping 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 business had revenue of $52.07 million for the quarter, compared to analyst estimates of $51.84 million. During the same period last year, the business posted ($0.11) earnings per share. The firm’s quarterly revenue was up 32.2% on a year-over-year basis. Equities research analysts forecast that Talend SA will post -1.1 EPS for the current fiscal year.

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About Talend (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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