Altair Engineering - ALTR Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ALTR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALTR, but not buy additional shares or sell existing shares.
View ALTR analyst ratings or view top-rated stocks.

6 analysts have issued 12 month price objectives for Altair Engineering's shares. Their ALTR share price forecasts range from $41.00 to $95.00. On average, they expect the company's share price to reach $70.50 in the next year. This suggests a possible upside of 59.4% from the stock's current price.
View analysts price targets for ALTR or view top-rated stocks among Wall Street analysts.

Altair Engineering's stock was trading at $77.32 at the beginning of 2022. Since then, ALTR stock has decreased by 42.8% and is now trading at $44.22.
View the best growth stocks for 2022 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our ALTR earnings forecast.

Altair Engineering Inc. (NASDAQ:ALTR) issued its quarterly earnings data on Thursday, August, 4th. The software reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.07. The software earned $132.66 million during the quarter, compared to analysts' expectations of $129.37 million. Altair Engineering had a positive trailing twelve-month return on equity of 1.79% and a negative net margin of 5.73%. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.04) EPS.

Altair Engineering issued an update on its third quarter 2022 earnings guidance on Thursday, September, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $115.00 million-$120.00 million, compared to the consensus revenue estimate of $130.86 million.

166 employees have rated Altair Engineering Chief Executive Officer James R. Scapa on Glassdoor.com. James R. Scapa has an approval rating of 99% among the company's employees. This puts James R. Scapa in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 86.0% of employees surveyed would recommend working at Altair Engineering to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Altair Engineering investors own include Gilead Sciences (GILD), Intel (INTC), QUALCOMM (QCOM), Tesla (tsla), Applied Materials (AMAT), NVIDIA (NVDA), Cisco Systems (CSCO), Xilinx (XLNX), Salesforce (CRM) and Skyworks Solutions (SWKS).

(ALTR) raised $144 million in an initial public offering on Wednesday, November 1st 2017. The company issued 12,000,000 shares at $11.00-$13.00 per share. J.P. Morgan, RBC Capital Markets and Deutsche Bank Securities served as the underwriters for the IPO and William Blair and Canaccord Genuity were co-managers.

Altair Engineering trades on the NASDAQ under the ticker symbol "ALTR."

Shares of ALTR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of ALTR stock can currently be purchased for approximately $44.22.

Altair Engineering (NASDAQ:ALTR) has a market capitalization of $3.54 billion and generates $532.18 million in revenue each year. The software earns $-8,790,000.00 in net income (profit) each year or ($0.43) on an earnings per share basis.

The company employs 2,800 workers across the globe.

Altair Engineering's mailing address is 1820 EAST BIG BEAVER ROAD, TROY MI, 48083. The official website for the company is www.altair.com. The software can be reached via phone at (248) 614-2400, via email at ir@altair.com, or via fax at 248-614-2411.