Talend (TLND) Lifted to “Buy” at Zacks Investment Research
Talend (NASDAQ:TLND) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm presently has a $47.00 target price on the technology company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 11.43% from the stock’s current price.
According to Zacks, “Talend SA is a provider of big data and cloud integration solutions. 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. The company also provides technical support; and consulting and training services. Talend SA is based in Suresnes, France. “
TLND has been the topic of several other research reports. JPMorgan Chase & Co. lowered Talend from a “neutral” rating to an “underweight” rating in a research note on Thursday, January 25th. Citigroup lowered Talend from a “buy” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research note on Wednesday, January 10th. BidaskClub lowered Talend from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. ValuEngine raised Talend from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, KeyCorp reissued a “buy” rating and issued a $53.00 target price on shares of Talend in a research note on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $48.43.
Talend (NASDAQ:TLND) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported ($0.34) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.02. Talend had a negative return on equity of 454.15% and a negative net margin of 21.00%. The business had revenue of $41.52 million for the quarter, compared to analysts’ expectations of $41.40 million. equities analysts forecast that Talend will post -0.96 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in TLND. Bank of New York Mellon Corp lifted its stake in Talend by 14,183.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,993,976 shares of the technology company’s stock valued at $74,735,000 after buying an additional 1,980,016 shares during the period. Crosslink Capital Inc. acquired a new stake in shares of Talend during the fourth quarter worth about $19,730,000. Harvest Capital Strategies LLC acquired a new stake in shares of Talend during the fourth quarter worth about $4,685,000. AO Asset Management LP acquired a new stake in shares of Talend during the fourth quarter worth about $4,543,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Talend during the fourth quarter worth about $3,846,000. 53.12% of the stock is currently owned by hedge funds and other institutional investors.
Talend Company Profile
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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