Talend (TLND) Downgraded by JPMorgan Chase & Co.

Talend (NASDAQ:TLND) was downgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued to investors on Thursday, MarketBeat.com reports.

Other equities research analysts also recently issued research reports about the company. KeyCorp reissued a “buy” rating and issued a $53.00 price objective on shares of Talend in a report on Tuesday, November 14th. BidaskClub raised Talend from a “sell” rating to a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research raised Talend from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Citigroup downgraded Talend from a “buy” rating to a “neutral” rating and set a $61.00 price target for the company. in a report on Wednesday, January 10th. Finally, Barclays raised their price target on Talend from $44.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Talend currently has an average rating of “Hold” and a consensus target price of $50.20.

Talend (NASDAQ:TLND) traded up $2.10 during midday trading on Thursday, hitting $39.35. The stock had a trading volume of 436,877 shares, compared to its average volume of 259,229. The firm has a market cap of $1,085.59, a P/E ratio of -45.23 and a beta of 2.92. Talend has a 12 month low of $21.55 and a 12 month high of $46.32.

Talend (NASDAQ:TLND) last released its quarterly earnings data on Thursday, November 9th. The technology company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.09. Talend had a negative return on equity of 207.85% and a negative net margin of 18.23%. analysts expect that Talend will post -1.01 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings in Talend by 14.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,900 shares of the technology company’s stock valued at $136,000 after purchasing an additional 500 shares during the last quarter. Citigroup Inc. acquired a new stake in Talend during the 2nd quarter valued at $159,000. New York State Common Retirement Fund acquired a new stake in Talend during the 2nd quarter valued at $161,000. Harbour Capital Advisors LLC acquired a new stake in Talend during the 3rd quarter valued at $264,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Talend during the 2nd quarter valued at $354,000. 45.68% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Talend (NASDAQ:TLND)

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