KeyCorp Equities Analysts Increase Earnings Estimates for Talend SA (TLND)
Talend SA (NASDAQ:TLND) – Investment analysts at KeyCorp boosted their Q1 2019 earnings estimates for shares of Talend in a research report issued to clients and investors on Sunday, November 18th. KeyCorp analyst B. Bracelin now expects that the technology company will post earnings of ($0.27) per share for the quarter, up from their prior estimate of ($0.29). KeyCorp currently has a “Overweight” rating and a $52.00 target price on the stock. KeyCorp also issued estimates for Talend’s Q2 2019 earnings at ($0.29) EPS, Q3 2019 earnings at ($0.24) EPS, Q4 2019 earnings at ($0.22) EPS and FY2019 earnings at ($1.03) EPS.
Other research analysts have also issued research reports about the company. BTIG Research cut their price target on Talend to $50.00 and set a “buy” rating on the stock in a report on Tuesday. ValuEngine lowered Talend from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub upgraded Talend from a “hold” rating to a “buy” rating in a report on Saturday, September 8th. Needham & Company LLC increased 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. Finally, Citigroup set a $86.00 price target on Talend and gave the stock a “buy” rating in a report on Tuesday, September 18th. Two 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 company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $58.43.
Talend (NASDAQ:TLND) last announced its quarterly earnings results on Wednesday, November 7th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. The business had revenue of $52.07 million for the quarter, compared to analyst estimates of $51.84 million. Talend had a negative return on equity of 153.54% and a negative net margin of 20.40%. The company’s quarterly revenue was up 32.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.11) earnings per share.
Several institutional investors have recently modified their holdings of TLND. Centaurus Financial Inc. purchased a new stake in shares of Talend in the second quarter worth approximately $101,000. DekaBank Deutsche Girozentrale raised its stake in shares of Talend by 160.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,080 shares of the technology company’s stock worth $129,000 after purchasing an additional 1,280 shares during the last quarter. BlackRock Inc. raised its stake in shares of Talend by 1,906.0% in the second quarter. BlackRock Inc. now owns 2,347 shares of the technology company’s stock worth $146,000 after purchasing an additional 2,230 shares during the last quarter. FDx Advisors Inc. purchased a new stake in shares of Talend in the third quarter worth approximately $201,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Talend in the second quarter worth approximately $206,000. 78.74% of the stock is owned by hedge funds and other institutional investors.
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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