Talend S.A. (NASDAQ:TLND)‘s stock had its “overweight” rating reiterated by investment analysts at Barclays PLC in a report released on Sunday, May 14th. They currently have a $33.00 price objective on the technology company’s stock, up from their prior price objective of $30.00. Barclays PLC’s price target would suggest a potential downside of 5.53% from the stock’s current price.
Several other analysts have also recently issued reports on TLND. Zacks Investment Research cut shares of Talend from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Pacific Crest began coverage on shares of Talend in a research note on Tuesday, April 11th. They issued an “overweight” rating on the stock. Citigroup Inc. upgraded shares of Talend from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 4th. Finally, BTIG Research assumed coverage on Talend in a report on Monday, April 17th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $33.17.
Shares of Talend (TLND) traded up 3.22% during trading on Friday, reaching $34.93. 145,408 shares of the company were exchanged. Talend has a 1-year low of $21.02 and a 1-year high of $36.50. The company’s market capitalization is $977.03 million. The stock’s 50 day moving average is $32.50 and its 200 day moving average is $27.40.
Talend (NASDAQ:TLND) last issued its quarterly earnings results on Thursday, May 11th. The technology company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by $0.03. The firm had revenue of $32.90 million for the quarter, compared to analyst estimates of $32.01 million. The business’s revenue was up 44.3% on a year-over-year basis. Equities analysts anticipate that Talend will post ($0.77) earnings per share for the current year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. boosted its position in shares of Talend by 64.8% in the first quarter. Point72 Asset Management L.P. now owns 52,900 shares of the technology company’s stock worth $1,575,000 after buying an additional 20,800 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new stake in Talend during the first quarter worth approximately $4,382,000. Symmetry Peak Management LLC boosted its stake in Talend by 17.0% in the first quarter. Symmetry Peak Management LLC now owns 107,899 shares of the technology company’s stock worth $3,213,000 after buying an additional 15,639 shares in the last quarter. Bank of America Corp DE boosted its stake in Talend by 169.0% in the first quarter. Bank of America Corp DE now owns 11,369 shares of the technology company’s stock worth $339,000 after buying an additional 7,142 shares in the last quarter. Finally, BlueMar Capital Management LLC bought a new stake in Talend during the first quarter worth approximately $801,000. Institutional investors and hedge funds own 36.17% of the company’s stock.
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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