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

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

Altair Engineering Inc (NASDAQ:ALTR) released its earnings results on Thursday, November, 7th. The software reported ($0.09) EPS 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%. The company's quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the company posted $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 issued an update on its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share 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 analysts have issued 12 month target prices for Altair Engineering's shares. Their forecasts range from $30.00 to $44.00. On average, they anticipate Altair Engineering's share price to reach $35.20 in the next year. This suggests that the stock has a possible downside of 6.6%. 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 somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Altair Engineering earned a news sentiment score of 0.8 on InfoTrie's scale. They also assigned press coverage about the software a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. 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 daily trading volume, of 351,400 shares, the short-interest ratio is currently 13.2 days. Currently, 12.4% of the shares of the stock are sold short. View Altair Engineering's Current Options Chain.

Some companies that are related to Altair Engineering include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), Cree (CREE) and First Solar (FSLR).

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 (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's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Conestoga Capital Advisors LLC (2.70%), California Public Employees Retirement System (0.12%), SG Americas Securities LLC (0.03%), Zurcher Kantonalbank Zurich Cantonalbank (0.00%) and Carroll Financial Associates Inc. (0.00%). 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 bought by a variety of institutional investors in the last quarter, including Conestoga Capital Advisors LLC, SG Americas Securities LLC, California Public Employees Retirement System, Zurcher Kantonalbank Zurich Cantonalbank and Carroll Financial Associates Inc.. 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 $37.67.

Altair Engineering has a market capitalization of $2.70 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.

The official website for Altair Engineering is http://www.altair.com/.

Altair Engineering's mailing address is 1820 EAST BIG BEAVER ROAD, TROY MI, 48083. The software can be reached via phone at 248-614-2400 or via email at [email protected]