NASDAQ:ALTR - Altair Engineering Stock Price, Price Target & More

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

Altair Engineering Inc (NASDAQ:ALTR) announced its quarterly earnings results on Monday, May, 14th. The semiconductor manufacturer reported $0.08 EPS for the quarter, beating the Zacks' consensus estimate of $0.03 by $0.05. The semiconductor manufacturer had revenue of $91.70 million for the quarter, compared to analyst estimates of $87.01 million. Altair Engineering's revenue for the quarter was up 19.2% compared to the same quarter last year. View Altair Engineering's Earnings History.

Altair Engineering is scheduled to release their next quarterly earnings announcement on Monday, August, 13th 2018. View Earnings Estimates for Altair Engineering.

8 equities research analysts have issued twelve-month price targets for Altair Engineering's shares. Their forecasts range from $28.00 to $43.00. On average, they anticipate Altair Engineering's stock price to reach $35.1429 in the next year. This suggests a possible upside of 1.5% from the stock's current price. View Analyst Ratings for Altair Engineering.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Altair Engineering saw a decline in short interest in June. As of June 15th, there was short interest totalling 476,970 shares, a decline of 36.7% from the May 31st total of 754,043 shares. Based on an average daily volume of 794,593 shares, the days-to-cover ratio is presently 0.6 days. Approximately 2.3% of the shares of the company are short sold. View Altair Engineering's Current Options Chain.

Some companies that are related to Altair Engineering include Docusign (DOCU), The Ultimate Software Group (ULTI), Black Knight (BKI), Trend Micro (TMICY), Guidewire Software (GWRE), Micro Focus International (MFGP), Atlassian (TEAM), Konami (KNMCY), Paycom Software (PAYC), New Relic (NEWR), SINA (SINA), MuleSoft (MULE), Twilio (TWLO), Okta (OKTA) and National Instruments (NATI).

(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 acted as the underwriters for the IPO and William Blair and Canaccord Genuity were co-managers.

Press coverage about ALTR stock has trended somewhat negative this week, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Altair Engineering earned a daily sentiment score of -0.02 on Accern's scale. They also gave news articles about the semiconductor manufacturer an impact score of 45.24 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term.

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, Scottrade, Fidelity and Charles Schwab.

One share of ALTR stock can currently be purchased for approximately $34.62.

Altair Engineering has a market capitalization of $2.18 billion and generates $333.33 million in revenue each year. The semiconductor manufacturer earns $-99,400,000.00 in net income (profit) each year or ($0.63) on an earnings per share basis. Altair Engineering employs 2,000 workers across the globe.

Altair Engineering's mailing address is 1820 E. BIG BEAVER ROAD, TROY MI, 48083. The semiconductor manufacturer can be reached via phone at 248-614-2400.