Altair Engineering (ALTR) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ALTR shares.
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6 brokers have issued 12 month target prices for Altair Engineering's shares. Their ALTR share price forecasts range from $65.00 to $81.00. On average, they anticipate the company's stock price to reach $71.17 in the next year. This suggests that the stock has a possible downside of 3.9%.
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Altair Engineering's stock was trading at $45.47 at the beginning of the year. Since then, ALTR shares have increased by 62.9% and is now trading at $74.09.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Altair Engineering Inc. (NASDAQ:ALTR) posted its quarterly earnings results on Thursday, May, 4th. The software reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The software had revenue of $166.03 million for the quarter, compared to analysts' expectations of $157.10 million. Altair Engineering had a negative net margin of 9.84% and a negative trailing twelve-month return on equity of 0.23%.

ETFs with the largest weight of Altair Engineering (NASDAQ:ALTR) stock in their portfolio include 3D Printing ETF (PRNT), Invesco DWA Technology Momentum ETF (PTF), Franklin Intelligent Machines ETF (IQM), iShares Robotics and Artificial Intelligence Multisector ETF (IRBO), ERShares NextGen Entrepreneurs ETF (ERSX), SPDR S&P Software & Services ETF (XSW), Pacer BlueStar Engineering the Future ETF (BULD) and Nuveen ESG Small-Cap ETF (NUSC).

Altair Engineering issued an update on its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $138.00 million-$140.00 million, compared to the consensus revenue estimate of $143.21 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 IPO 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 acted 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."

Altair Engineering's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Matrix Capital Management Company LP (13.85%), BlackRock Inc. (4.99%), Pictet Asset Management SA (4.60%), Conestoga Capital Advisors LLC (2.96%), Impax Asset Management Group plc (2.70%) and State Street Corp (1.37%). Insiders that own company stock include Amy Messano, Andrea Siudara, Brett R Chouinard, Brett R Chouinard, Brian Gayle, Christ Revocable Trust, David L Simon, George J Christ, George J Christ, Gilma Saravia, Howard N Morof, Howard N Morof, James Dagg, James Ralph Scapa, Jan Kowal, Jeffrey Marraccini, Jrs Investments Llc, Mahalingam Srikanth, Matthew Charles Brown, Nelson Dias, R Scapa Declaration Of James, Raoul Maitra, Richard Hart, Shekar G Ayyar, Stephanie Buckner and Uwe Schramm.
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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.
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One share of ALTR stock can currently be purchased for approximately $74.09.

Altair Engineering (NASDAQ:ALTR) has a market capitalization of $5.98 billion and generates $572.22 million in revenue each year. The software earns $-43,430,000.00 in net income (profit) each year or ($0.73) on an earnings per share basis.

The company employs 3,000 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.