NASDAQ:ALTR

Altair Engineering (ALTR) Stock Forecast, Price & News

$62.82

+0.26 (+0.42%)

(As of 09:39 AM ET)

Compare

Today's Range: $62.26
▼
$63.45
50-Day Range: $60.72
▼
$74.94
52-Week Range: $43.17
▼
$78.49

Volume: 4,289 shs
Average Volume: 283,853 shs
Market Capitalization: $5.10 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $73.00

Altair Engineering MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 15.1% Upside
$73.00 Price Target
Short Interest: Healthy
2.86% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -1.04
Upright™ Environmental Score
News Sentiment: 1.42
Based on 6 Articles This Week
Insider Trading: Selling Shares
$10.48 M Sold Last Quarter
Proj. Earnings Growth: 33.33%
From $0.27 to $0.36 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.44 out of 5 stars

Construction Sector

39th out of 102 stocks

Prepackaged Software Industry

55th out of 209 stocks

2.3

Analyst's Opinion

Consensus Rating
Altair Engineering has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $73.00, Altair Engineering has a forecasted upside of 15.1% from its current price of $63.45.
Amount of Analyst Coverage
Altair Engineering has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.86% of the outstanding shares of Altair Engineering have been sold short.
Short Interest Ratio / Days to Cover
Altair Engineering has a short interest ratio ("days to cover") of 10.2, which indicates bearish sentiment.
Change versus previous month
Short interest in Altair Engineering has recently decreased by 16.85%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Altair Engineering does not currently pay a dividend.
Dividend Growth
Altair Engineering does not have a long track record of dividend growth.

2.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Altair Engineering has received a 25.04% net impact score from Upright. Altair Engineering seems to create the most significant positive value in categories "Taxes", "Jobs", and "Creating knowledge". The positive contribution in the "Creating knowledge" impact category is mostly driven by its "Product development engineering", "Product development software", and "Hosted computer services" products. See details.
Environmental Sustainability
The Environmental Impact score for Altair Engineering is -1.04.

3.6

News and Social Media Coverage

News Sentiment
Altair Engineering has a news sentiment score of 1.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.73 average news sentiment score of Construction companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Altair Engineering this week, compared to 4 articles on an average week.
Search Interest
Only 2 people have searched for ALTR on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
89 people have added Altair Engineering to their MarketBeat watchlist in the last 30 days. This is an increase of 8,800% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Altair Engineering insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $10,482,050.00 in company stock.
Percentage Held by Insiders
22.17% of the stock of Altair Engineering is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
63.38% of the stock of Altair Engineering is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Altair Engineering are expected to grow by 33.33% in the coming year, from $0.27 to $0.36 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Altair Engineering is -109.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Altair Engineering is -109.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Altair Engineering has a PEG Ratio of 19.31. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Altair Engineering has a P/B Ratio of 8.91. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Altair Engineering (NASDAQ:ALTR) Stock

Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. The company operates in two segments: Software and Client Engineering Services. The Software segment offers solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and Internet of Things platform and analytics tools, as well as support and the complementary software products. This segment also provides software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in marine, motorcycle, aerospace, chemical, and architecture industries; and software-related services, such as consulting, implementation, and training services that focuses on the product design and development expertise and analysis from the component level up to complete product engineering at various stage of the lifecycle. The Client Engineering Services segment provides client engineering services. In addition, the company is involved in the development and sale of solid state lighting technology along with communication and control protocols based on its intellectual property for the direct replacement of fluorescent light tubes with LED lamps. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. The company serves universities, government agencies, manufacturers, pharmaceutical firms, banking, financial services, and insurance, weather prediction agencies, and electronics design companies. Altair Engineering Inc. was incorporated in 1985 and is headquartered in Troy, Michigan.

ALTR Price History

30 days | 90 days | 365 days | Advanced Chart

ALTR Stock News Headlines

October 1, 2023 | americanbankingnews.com

Altair Engineering Inc. (NASDAQ:ALTR) Short Interest Down 16.8% in September

September 28, 2023 | seekingalpha.com

Altair Engineering: Awaiting Evidence Of Growth Acceleration

October 2, 2023 | PressReach (Ad)

Nuclear Revival Creates Opportunities for Uranium

Uranium companies set to benefit from increased demand for clean energy.

September 27, 2023 | finance.yahoo.com

Altair Wins Awards from Fortune and Newsweek Recognizing Employer Excellence

September 26, 2023 | finance.yahoo.com

Altair Technology Conference Korea 2023 Successfully Concluded

September 19, 2023 | finance.yahoo.com

Altair and EMA Design Automation Announce Integration of Ultra Librarian into Altair ECAD Verification and Multiphysics Solutions

September 5, 2023 | finance.yahoo.com

Altair Announces Winners of 2023 Altair Optimization Contest

August 31, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Technology Companies: Salesforce (CRM), Altair Engineering (ALTR) and Veeva Systems (VEEV)

October 2, 2023 | PressReach (Ad)

Nuclear Revival Creates Opportunities for Uranium

Uranium companies set to benefit from increased demand for clean energy.

August 31, 2023 | finance.yahoo.com

Altair to Present at the Goldman Sachs Communacopia + Technology Conference

August 30, 2023 | msn.com

Rosenblatt Reiterates Altair Engineering Inc - (ALTR) Buy Recommendation

August 30, 2023 | markets.businessinsider.com

Rosenblatt Securities Sticks to Its Buy Rating for Altair Engineering (ALTR)

August 26, 2023 | finance.yahoo.com

Is Now The Time To Look At Buying Altair Engineering Inc. (NASDAQ:ALTR)?

August 25, 2023 | finance.yahoo.com

Should You Invest in Altair Engineering (ALTR)?

August 24, 2023 | fool.com

Altair Engineering (NASDAQ: ALTR)

August 22, 2023 | finance.yahoo.com

Altair SLC Now Available on Google Cloud Marketplace

August 15, 2023 | msn.com

Down -16.14% in 4 Weeks, Here's Why You Should You Buy the Dip in Altair Engineering (ALTR)

August 14, 2023 | finance.yahoo.com

Altair to Present at the Rosenblatt 3rd Annual Technology Summit

August 11, 2023 | finance.yahoo.com

Down -18.35% in 4 Weeks, Here's Why You Should You Buy the Dip in Altair Engineering (ALTR)

August 11, 2023 | finance.yahoo.com

Altair Engineering Inc. (NASDAQ:ALTR) Q2 2023 Earnings Call Transcript

August 7, 2023 | markets.businessinsider.com

Analysts Offer Insights on Technology Companies: Altair Engineering (ALTR), Infineon Technologies AG (OtherIFNNF) and Cognex (CGNX)

August 5, 2023 | msn.com

Rosenblatt Maintains Altair Engineering Inc - (ALTR) Buy Recommendation

August 5, 2023 | finance.yahoo.com

Is Altair Engineering Inc. (NASDAQ:ALTR) Expensive For A Reason? A Look At Its Intrinsic Value

August 4, 2023 | markets.businessinsider.com

Loop Capital Markets Keeps Their Buy Rating on Altair Engineering (ALTR)

August 4, 2023 | msn.com

Needham Reiterates Altair Engineering Inc - (ALTR) Buy Recommendation

August 3, 2023 | markets.businessinsider.com

Altair Engineering Inc. Q2 Earnings Summary

August 3, 2023 | finance.yahoo.com

Altair Announces Second Quarter 2023 Financial Results

See More Headlines

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ALTR Company Calendar

Last Earnings: 8/03/2023
Today: 10/02/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: Semiconductors
Sector: Construction
Current Symbol: NASDAQ:ALTR
CUSIP: 02144110
CIK: 1701732
Web: www.altair.com
Phone: (248) 614-2400
Fax: 248-614-2411
Employees: 3,000
Year Founded: 1985

Price Target and Rating

Average Stock Price Forecast: $73.00
High Stock Price Forecast: $81.00
Low Stock Price Forecast: $65.00
Forecasted Upside/Downside: +16.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.58)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 231.70
P/E Growth: 19.31
Net Income: $-43,430,000.00
Net Margins: -7.74%
Pretax Margin: -3.87%
Return on Equity: -0.26%
Return on Assets: -0.13%

Debt

Debt-to-Equity Ratio: 0.36
Current Ratio: 1.84
Quick Ratio: 1.84

Sales & Book Value

Annual Sales: $572.22 million
Price / Sales: 8.88
Cash Flow: $0.46 per share
Price / Cash Flow: 137.01
Book Value: $7.12 per share
Price / Book: 8.79

Miscellaneous

Outstanding Shares: 81,240,000
Free Float: 63,227,000
Market Cap: $5.08 billion
Optionable: Optionable
Beta: 1.46

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Key Executives

Mr. James R. Scapa (Age 66)
Founder, Chairman & CEO
Comp: $1.43M

Mr. Matthew Charles Brown (Age 42)
Chief Financial Officer
Comp: $688.32k

Mr. Srikanth Mahalingam (Age 52)
Chief Technology Officer
Comp: $477k

Ms. Gilma Saravia (Age 48)
Chief People Officer
Comp: $453.57k

Mr. Ravi Kunju (Age 54)
Chief Product & Strategy Officer
Comp: $249.5k

Ms. Stephanie Buckner (Age 35)
Chief Operating Officer

Mr. Brian Gayle (Age 47)
Sr. VP, Principal Accounting Officer & Chief Accounting Officer

Mr. David L. Simon (Age 59)
Sr. VP of Investor Relations

Mr. Raoul Maitra (Age 52)
Chief Legal Officer

Ms. Amy Messano (Age 52)
Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ALTR Stock - Frequently Asked Questions

Should I buy or sell Altair Engineering stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last twelve months. 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.
View ALTR analyst ratings or view top-rated stocks.
What is Altair Engineering's stock price forecast for 2023?: 6 brokers 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 expect the company's share price to reach $73.00 in the next year. This suggests a possible upside of 16.7% from the stock's current price.
View analysts price targets for ALTR or view top-rated stocks among Wall Street analysts.
How have ALTR shares performed in 2023?: Altair Engineering's stock was trading at $45.47 at the beginning of the year. Since then, ALTR shares have increased by 37.6% and is now trading at $62.56.
View the best growth stocks for 2023 here.
Are investors shorting Altair Engineering?: Altair Engineering saw a decline in short interest during the month of September. As of September 15th, there was short interest totaling 2,320,000 shares, a decline of 16.8% from the August 31st total of 2,790,000 shares. Based on an average daily volume of 228,400 shares, the days-to-cover ratio is presently 10.2 days.
View Altair Engineering's Short Interest.
When is Altair Engineering's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our ALTR earnings forecast.
How were Altair Engineering's earnings last quarter?: Altair Engineering Inc. (NASDAQ:ALTR) posted its quarterly earnings results on Thursday, August, 3rd. The software reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by $0.08. The software had revenue of $141.16 million for the quarter, compared to analysts' expectations of $138.83 million. Altair Engineering had a negative net margin of 7.74% and a negative trailing twelve-month return on equity of 0.26%.
What ETFs hold Altair Engineering's stock?: 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).
What guidance has Altair Engineering issued on next quarter's earnings?: Altair Engineering issued an update on its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided EPS 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.

What is James R. Scapa's approval rating as Altair Engineering's CEO?: 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.
What other stocks do shareholders of Altair Engineering own?: 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).
When did Altair Engineering IPO?: (ALTR) raised $144 million in an 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.
What is Altair Engineering's stock symbol?: Altair Engineering trades on the NASDAQ under the ticker symbol "ALTR."
How do I buy shares of Altair Engineering?: 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.
What is Altair Engineering's stock price today?: One share of ALTR stock can currently be purchased for approximately $62.56.
How much money does Altair Engineering make?: 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.
How many employees does Altair Engineering have?: The company employs 3,000 workers across the globe.
Does Altair Engineering have any subsidiaries?: The following companies are subsidiares of Altair Engineering: ACUSIM Software, AWE Communications, Altair Engineering Finland Oy, Altair Engineering Inc., Altair Engineering Ltd., CEDRAT SA, Candi Controls, Carriots, Concept Engineering, Datawatach Corp, Datawatch Corporation, Datawatch Corporation, EDEM Simulation, EMSS, Ellexus, FluiDyna, Gen3D, M-Base, MODELiiS, Polliwog, Powersim, Runtime Design Automation, S-FRAME Software Inc, SIMSOLID, SimLab, Solid Iris Technologies, Univa, World Programming Limited, World Programming Ltd, Wrap International (WRAP Software Business), newFASANT, newFaASANT, and solidThinking.
Read More
How can I contact Altair Engineering?: 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.

This page (NASDAQ:ALTR) was last updated on 10/2/2023 by MarketBeat.com Staff

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