NASDAQ:ALTR - Altair Engineering Stock Price, Forecast & News

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

Altair Engineering Inc (NASDAQ:ALTR) announced its quarterly earnings data on Thursday, November, 7th. The software reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by $0.14. The software had revenue of $102.70 million for the quarter, compared to the consensus estimate of $105.04 million. Altair Engineering had a negative net margin of 3.85% and a positive return on equity of 4.40%. Altair Engineering's quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 EPS. View Altair Engineering's Earnings History.

Altair Engineering is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for Altair Engineering.

Altair Engineering will be holding an earnings conference call on Thursday, February 27th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Altair Engineering updated its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $$449-453 million, compared to the consensus revenue estimate of $$470.91 million.

6 equities research analysts have issued 1-year price targets for Altair Engineering's shares. Their forecasts range from $30.00 to $44.00. On average, they expect Altair Engineering's stock price to reach $35.20 in the next year. This suggests that the stock has a possible downside of 7.8%. View Analyst Price Targets for Altair Engineering.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Altair Engineering.

Media stories about ALTR stock have trended neutral on Sunday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Altair Engineering earned a news sentiment score of 0.2 on InfoTrie's scale. They also assigned media stories about the software a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Altair Engineering.

Altair Engineering saw a increase in short interest in the month of January. As of January 15th, there was short interest totalling 4,640,000 shares, an increase of 15.4% from the December 31st total of 4,020,000 shares. Based on an average trading volume of 351,400 shares, the days-to-cover ratio is currently 13.2 days. Currently, 12.4% of the company's stock are sold short. View Altair Engineering's Current Options Chain.

Some companies that are related to Altair Engineering include Broadcom (AVGO), Ambarella (AMBA), Alpha and Omega Semiconductor (AOSL), Entropic Communications (ENTR), Intermolecular (IMI), Analog Devices (ADI), CEVA (CEVA), Cirrus Logic (CRUS), Cree (CREE), Cypress Semiconductor (CY), Diodes (DIOD), DSP Group (DSPG), First Solar (FSLR), GSI Technology (GSIT) and Inphi (IPHI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Altair Engineering investors own include Cisco Systems (CSCO), Intel (INTC), Allergan (AGN), NVIDIA (NVDA), QUALCOMM (QCOM), salesforce.com (CRM), General Electric (GE), Twitter (TWTR), Gilead Sciences (GILD) and Tesla (TSLA).

(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's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Pictet Asset Management Ltd. (4.92%), Conestoga Capital Advisors LLC (2.70%), Eaton Vance Management (1.35%), State Street Corp (1.16%), Artisan Partners Limited Partnership (0.86%) and Fred Alger Management LLC (0.86%). Company insiders that own Altair Engineering stock include Brett R Chouinard, Christ Revocable Trust, Gc Investments Llc, George J Christ, Howard N Morof, James Dagg, James E Brancheau, James Ralph Scapa, Jan Kowal, Jrs Investments Llc, Mahalingam Srikanth, Martin E Nichols, Massimo Giuseppe Fariello, Nelson Dias, R Scapa Declaration Of James and Uwe Schramm. View Institutional Ownership Trends for Altair Engineering.

ALTR stock was sold by a variety of institutional investors in the last quarter, including Citigroup Inc., Fred Alger Management LLC, Bank of Montreal Can, Chartwell Investment Partners LLC, New York State Common Retirement Fund, Bank of America Corp DE, UBS Asset Management Americas Inc. and ARK Investment Management LLC. Company insiders that have sold Altair Engineering company stock in the last year include Brett R Chouinard, Christ Revocable Trust, Gc Investments Llc, George J Christ, Howard N Morof, James Dagg, James Ralph Scapa, Jan Kowal, Jrs Investments Llc, Mahalingam Srikanth, Martin E Nichols, Nelson Dias, R Scapa Declaration Of James and Uwe Schramm. View Insider Buying and Selling for Altair Engineering.

ALTR stock was purchased by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Conestoga Capital Advisors LLC, Pictet Asset Management Ltd., Eaton Vance Management, State Street Corp, Artisan Partners Limited Partnership, SG Americas Securities LLC and State of New Jersey Common Pension Fund D. View Insider Buying and Selling for Altair Engineering.

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

One share of ALTR stock can currently be purchased for approximately $38.18.

Altair Engineering has a market capitalization of $2.74 billion and generates $396.38 million in revenue each year. The software earns $13.72 million in net income (profit) each year or $0.37 on an earnings per share basis. Altair Engineering employs 2,850 workers across the globe.View Additional Information About Altair Engineering.