Altair Engineering - ALTR Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ALTR shares.
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4 equities research analysts have issued 1-year price objectives for Altair Engineering's stock. Their ALTR share price forecasts range from $41.00 to $70.00. On average, they predict the company's stock price to reach $58.80 in the next year. This suggests a possible upside of 1.2% from the stock's current price.
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Altair Engineering's stock was trading at $45.47 at the start of the year. Since then, ALTR stock has increased by 27.8% and is now trading at $58.12.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Altair Engineering Inc. (NASDAQ:ALTR) released its quarterly earnings results on Thursday, November, 4th. The software reported $0.11 EPS for the quarter, topping the consensus estimate of $0.01 by $0.10. The software earned $121.30 million during the quarter, compared to the consensus estimate of $113.96 million. Altair Engineering had a negative trailing twelve-month return on equity of 0.13% and a negative net margin of 10.30%. The firm's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.06) earnings per share.

Altair Engineering updated its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $143.00 million-$148.00 million, compared to the consensus revenue estimate of $149.35 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 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."

Altair Engineering's stock is owned by a number of institutional and retail investors. Top institutional investors include Conestoga Capital Advisors LLC (2.92%), Comerica Bank (0.23%), New York State Common Retirement Fund (0.19%), ARK Investment Management LLC (0.17%), Envestnet Asset Management Inc. (0.13%) and SG Americas Securities LLC (0.09%). 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, 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 $58.12.

Altair Engineering (NASDAQ:ALTR) has a market capitalization of $4.66 billion and generates $532.18 million in revenue each year. The software earns $-8,790,000.00 in net income (profit) each year or ($0.74) 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.