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NASDAQ:ALTR

Altair Engineering - ALTR Stock Forecast, Price & News

$58.12
+1.05 (+1.84%)
(As of 02/7/2023 12:00 AM ET)
Add
Compare
Today's Range
$56.64
$58.27
50-Day Range
$43.85
$59.11
52-Week Range
$43.17
$68.85
Volume
126,450 shs
Average Volume
249,770 shs
Market Capitalization
$4.66 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$58.80

Altair Engineering MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
1.2% Upside
$58.80 Price Target
Short Interest
Healthy
2.62% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.04
Upright™ Environmental Score
News Sentiment
0.30mentions of Altair Engineering in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$8.02 M Sold Last Quarter
Proj. Earnings Growth
250.00%
From $0.02 to $0.07 Per Share

Overall MarketRank

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

2.05 out of 5 stars

Construction Sector

51st out of 107 stocks

Prepackaged Software Industry

108th out of 216 stocks

ALTR stock logo

About Altair Engineering (NASDAQ:ALTR) Stock

Altair Engineering, Inc. engages in the provision of software and cloud solutions for product design & development, high performance cloud computing, and data intelligence. It operates through the following segments: Software and Client Engineering Services. The Software segment includes a portfolio of software products, as well as solvers and optimization technology products, modelling and visualization tools. The Client Engineering Services segment engages in the provision of client engineering services to support customers with long-term, ongoing product design and development expertise. The company was founded by James Ralph Scapa in 1985 and is headquartered in Troy, MI.

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ALTR Stock News Headlines

The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Altair and TU Delft Sign Campuswide License Agreement
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
CHX vs. ALTR: Which Stock Should Value Investors Buy Now?
Altair Announces Third Quarter 2022 Financial Results
See More Headlines
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ALTR Company Calendar

Last Earnings
11/04/2021
Today
2/07/2023
Next Earnings (Estimated)
2/23/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:ALTR
CUSIP
02144110
Employees
2,800
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$58.80
High Stock Price Forecast
$70.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+1.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$-8,790,000.00
Pretax Margin
-6.84%

Debt

Sales & Book Value

Annual Sales
$532.18 million
Cash Flow
$0.72 per share
Book Value
$7.74 per share

Miscellaneous

Free Float
61,990,000
Market Cap
$4.66 billion
Optionable
Optionable
Beta
1.49

Social Links


Key Executives

  • James Ralph ScapaJames Ralph Scapa
    Chairman & Chief Executive Officer
  • Stephanie BucknerStephanie Buckner
    Chief Operating Officer
  • Matthew C. Brown
    Chief Financial Officer
  • Srikanth Mahalingam
    Chief Technology Officer
  • Andrea SiudaraAndrea Siudara
    Chief Information Officer













ALTR Stock - Frequently Asked Questions

Should I buy or sell Altair Engineering stock right now?

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.
View ALTR analyst ratings
or view top-rated stocks.

What is Altair Engineering's stock price forecast for 2023?

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.
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 start of the year. Since then, ALTR stock has increased by 27.8% and is now trading at $58.12.
View the best growth stocks for 2023 here
.

When is Altair Engineering's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our ALTR earnings forecast
.

How were Altair Engineering's earnings last quarter?

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.

What guidance has Altair Engineering issued on next quarter's earnings?

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.

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 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.

What is Altair Engineering's stock symbol?

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

Who are Altair Engineering's major shareholders?

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.
View institutional ownership trends
.

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 $58.12.

How much money does Altair Engineering make?

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.

How many employees does Altair Engineering have?

The company employs 2,800 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 2/7/2023 by MarketBeat.com Staff