Talend’s (TLND) “Buy” Rating Reiterated at KeyCorp

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Talend (NASDAQ:TLND)‘s stock had its “buy” rating reissued by equities research analysts at KeyCorp in a research report issued to clients and investors on Thursday. They currently have a $61.00 price target on the technology company’s stock. KeyCorp’s price target points to a potential upside of 46.92% from the stock’s current price.

Other research analysts also recently issued reports about the company. BidaskClub raised Talend from a “hold” rating to a “buy” rating in a report on Saturday, September 8th. Needham & Company LLC boosted their price target on Talend from $64.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Citigroup set a $86.00 price target on Talend and gave the company a “buy” rating in a report on Tuesday, September 18th. Zacks Investment Research raised Talend from a “sell” rating to a “hold” rating in a report on Thursday, August 30th. Finally, Barclays boosted their price target on Talend from $72.00 to $91.00 and gave the company an “overweight” rating in a report on Monday, September 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $61.33.

Shares of NASDAQ TLND opened at $41.52 on Thursday. Talend has a 52 week low of $35.46 and a 52 week high of $73.52. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.03.

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, beating the Zacks’ consensus estimate of ($0.10) by $0.01. Talend had a negative return on equity of 171.24% and a negative net margin of 20.40%. The company had revenue of $52.07 million during the quarter, compared to the consensus estimate of $51.84 million. During the same period in the previous year, the company posted ($0.11) earnings per share. Talend’s revenue for the quarter was up 32.2% on a year-over-year basis. On average, research analysts anticipate that Talend will post -1.04 earnings per share for the current year.

A number of large investors have recently made changes to their positions in the business. Whale Rock Capital Management LLC acquired a new position in Talend in the second quarter valued at approximately $182,842,000. Hunt Lane Capital LP raised its stake in shares of Talend by 5.9% during the 2nd quarter. Hunt Lane Capital LP now owns 1,800,000 shares of the technology company’s stock worth $112,104,000 after buying an additional 100,000 shares during the period. Putnam Investments LLC raised its stake in shares of Talend by 16.9% during the 2nd quarter. Putnam Investments LLC now owns 1,795,830 shares of the technology company’s stock worth $111,845,000 after buying an additional 259,418 shares during the period. FMR LLC raised its stake in shares of Talend by 2.0% during the 3rd quarter. FMR LLC now owns 1,665,707 shares of the technology company’s stock worth $116,167,000 after buying an additional 32,970 shares during the period. Finally, Granite Investment Partners LLC raised its stake in shares of Talend by 4.2% during the 3rd quarter. Granite Investment Partners LLC now owns 303,795 shares of the technology company’s stock worth $21,186,000 after buying an additional 12,184 shares during the period. 78.70% of the stock is owned by institutional investors.

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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