Citigroup downgraded shares of Talend (NASDAQ:TLND) from a buy rating to a neutral rating in a research note published on Wednesday morning, Marketbeat.com reports. Citigroup currently has $61.00 price objective on the technology company’s stock.

Other research analysts have also recently issued reports about the stock. KeyCorp reissued a buy rating and set a $53.00 price objective on shares of Talend in a research note on Tuesday, November 14th. BidaskClub raised shares of Talend from a sell rating to a hold rating in a research note on Saturday, January 6th. Barclays raised their price objective on shares of Talend from $44.00 to $55.00 and gave the stock an overweight rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research cut shares of Talend from a hold rating to a sell rating in a research note on Friday, January 5th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of $50.20.

Shares of Talend (NASDAQ TLND) traded up $0.19 on Wednesday, hitting $39.46. 136,300 shares of the stock were exchanged, compared to its average volume of 250,671. Talend has a fifty-two week low of $21.25 and a fifty-two week high of $46.32. The stock has a market cap of $1,150.00 and a PE ratio of -45.36.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in TLND. JPMorgan Chase & Co. boosted its position in Talend by 14.7% during the second quarter. JPMorgan Chase & Co. now owns 3,900 shares of the technology company’s stock worth $136,000 after acquiring an additional 500 shares during the last quarter. Citigroup Inc. acquired a new stake in Talend during the second quarter worth approximately $159,000. New York State Common Retirement Fund acquired a new stake in Talend during the second quarter worth approximately $161,000. Harbour Capital Advisors LLC acquired a new stake in Talend during the third quarter worth approximately $264,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Talend during the second quarter worth approximately $354,000. Hedge funds and other institutional investors own 45.68% of the company’s stock.

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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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