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 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ALTR shares.
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6 brokerages have issued 1-year price targets for Altair Engineering's shares. Their ALTR share price forecasts range from $65.00 to $81.00. On average, they predict the company's share price to reach $73.00 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price.
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Altair Engineering's stock was trading at $45.47 on January 1st, 2023. Since then, ALTR stock has increased by 37.6% and is now trading at $62.56.
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Altair Engineering saw a drop in short interest in the month of September. As of September 15th, there was short interest totaling 2,320,000 shares, a drop of 16.8% from the August 31st total of 2,790,000 shares. Based on an average trading volume of 228,400 shares, the short-interest ratio is currently 10.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our ALTR earnings forecast.

Altair Engineering Inc. (NASDAQ:ALTR) announced its quarterly earnings data on Thursday, August, 3rd. The software reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by $0.08. The software earned $141.16 million during the quarter, compared to analysts' expectations of $138.83 million. Altair Engineering had a negative trailing twelve-month return on equity of 0.26% and a negative net margin of 7.74%.

ETFs with the largest weight of Altair Engineering (NASDAQ:ALTR) stock in their portfolio include 3D Printing ETF (PRNT), Invesco Dynamic Software ETF (PSJ), Invesco Dorsey Wright Technology Momentum ETF (PTF), Franklin Intelligent Machines ETF (IQM), WisdomTree Artificial Intelligence and Innovation Fund (WTAI), Fidelity Disruptive Automation ETF (FBOT), VanEck Robotics ETF (IBOT) and Nuveen ESG Small-Cap ETF (NUSC).

Altair Engineering issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $611.00 million-$621.00 million, compared to the consensus revenue estimate of $620.20 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 (IPO) on Wednesday, November 1st 2017. The company issued 12,000,000 shares at a price of $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.
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One share of ALTR stock can currently be purchased for approximately $62.56.

Altair Engineering (NASDAQ:ALTR) has a market capitalization of $5.08 billion and generates $572.22 million in revenue each year. The software earns $-43,430,000.00 in net income (profit) each year or ($0.58) 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.