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NASDAQ:ALTR

Altair Engineering - ALTR Stock Forecast, Price & News

$56.41
+1.09 (+1.97%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$55.38
$56.52
50-Day Range
$49.03
$60.88
52-Week Range
$48.19
$82.96
Volume
189,027 shs
Average Volume
286,738 shs
Market Capitalization
$4.50 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$70.60

Altair Engineering MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
25.2% Upside
$70.60 Price Target
Short Interest
Bearish
3.45% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.04
Upright™ Environmental Score
News Sentiment
0.96mentions of Altair Engineering in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$603,485 Sold Last Quarter
Proj. Earnings Growth
53.33%
From $0.15 to $0.23 Per Share

Overall MarketRank

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

2.51 out of 5 stars

Construction Sector

24th out of 105 stocks

Prepackaged Software Industry

63rd out of 230 stocks

ALTR stock logo

About Altair Engineering (NASDAQ:ALTR) Stock

Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation, high-performance computing, data analytics, and artificial intelligence worldwide. The company operates in two segments, Software and Client Engineering Services. The Software segment includes solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and Internet of Things platform and analytics tools, as well as support and the complementary software products. This segment also offers software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in marine, motorcycle, aerospace, chemical, and architecture industries; and software-related services, such as consulting, implementation, and training services that focuses on the product design and development expertise and analysis from the component level up to complete product engineering at various stage of the lifecycle. The Client Engineering Services segment provides client engineering services. In addition, the company is involved in the development and sale of solid state lighting technology along with communication and control protocols based on its intellectual property for the direct replacement of fluorescent light tubes with LED lamps. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. The company's customers include universities, government agencies, manufacturers, pharmaceutical firms, banking, financial services, and insurance, weather prediction agencies, and electronics design companies. Altair Engineering Inc. was incorporated in 1985 and is headquartered in Troy, Michigan.

Altair Engineering Trading Up 1.3 %

Altair Engineering stock traded up $0.71 during trading hours on Friday, hitting $56.03. The company had a trading volume of 3,502 shares, compared to its average volume of 275,325. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 0.55. Altair Engineering has a fifty-two week low of $48.19 and a fifty-two week high of $82.96. The firm's fifty day moving average is $53.83 and its 200-day moving average is $57.25.

Altair Engineering (NASDAQ:ALTR - Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The software reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. Altair Engineering had a negative net margin of 5.73% and a positive return on equity of 1.79%. The business had revenue of $132.66 million during the quarter, compared to the consensus estimate of $129.37 million. During the same period in the prior year, the firm earned ($0.04) EPS. Altair Engineering's quarterly revenue was up 10.6% compared to the same quarter last year. Research analysts anticipate that Altair Engineering will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ALTR. Rosenblatt Securities cut their price target on shares of Altair Engineering from $77.00 to $70.00 and set a "buy" rating on the stock in a report on Thursday, July 21st. Oppenheimer reiterated an "initiates" rating on shares of Altair Engineering in a research note on Wednesday, July 27th. Finally, The Goldman Sachs Group lowered shares of Altair Engineering from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $62.00 to $41.00 in a research note on Monday, June 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $70.60.

Insider Buying and Selling at Altair Engineering

In other news, insider Uwe Schramm sold 5,934 shares of the firm's stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $52.64, for a total value of $312,365.76. Following the transaction, the insider now owns 44,309 shares of the company's stock, valued at approximately $2,332,425.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 8,943 shares of company stock worth $479,224. 22.65% of the stock is currently owned by corporate insiders.

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ALTR Stock News Headlines

Altair Announces Second Quarter 2022 Financial Results
Altair Engineering Inc.
Oracle Could See Slower Growth, Analyst Warns
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ALTR Company Calendar

Last Earnings
8/04/2022
Today
8/12/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

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
$70.60
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+25.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$-8,790,000.00
Pretax Margin
-2.56%

Debt

Sales & Book Value

Annual Sales
$532.18 million
Cash Flow
$0.72 per share
Book Value
$7.00 per share

Miscellaneous

Free Float
61,702,000
Market Cap
$4.50 billion
Optionable
Optionable
Beta
1.48

Social Links















ALTR Stock - Frequently Asked Questions

Should I buy or sell Altair Engineering stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ALTR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALTR, but not buy additional shares or sell existing shares.
View ALTR analyst ratings
or view top-rated stocks.

What is Altair Engineering's stock price forecast for 2022?

6 brokers have issued twelve-month price objectives for Altair Engineering's shares. Their ALTR share price forecasts range from $41.00 to $95.00. On average, they predict the company's share price to reach $70.60 in the next year. This suggests a possible upside of 26.3% 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 2022?

Altair Engineering's stock was trading at $77.32 at the start of the year. Since then, ALTR stock has decreased by 27.7% and is now trading at $55.90.
View the best growth stocks for 2022 here
.

When is Altair Engineering's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our ALTR earnings forecast
.

How were Altair Engineering's earnings last quarter?

Altair Engineering Inc. (NASDAQ:ALTR) posted its quarterly earnings data on Thursday, August, 4th. The software reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.04. The software earned $132.66 million during the quarter, compared to analyst estimates of $129.37 million. Altair Engineering had a positive trailing twelve-month return on equity of 1.79% and a negative net margin of 5.73%. The firm's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.04) earnings per share.

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

Altair Engineering updated its third quarter 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $115.00 million-$120.00 million, compared to the consensus revenue estimate of $130.86 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 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.

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 variety of retail and institutional investors. Top institutional shareholders include Pictet Asset Management SA (4.66%), Conestoga Capital Advisors LLC (2.94%), Primecap Management Co. CA (0.96%), abrdn plc (0.86%), Artisan Partners Limited Partnership (0.30%) and Bradley Foster & Sargent Inc. CT (0.29%). 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, Martin E Nichols, 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 $55.90.

How much money does Altair Engineering make?

Altair Engineering (NASDAQ:ALTR) has a market capitalization of $4.46 billion and generates $532.18 million in revenue each year. The software earns $-8,790,000.00 in net income (profit) each year or ($0.43) 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, Datawatach Corp, Datawatch Corporation, Datawatch Corporation, EDEM Simulation, EMSS, Ellexus, FluiDyna, M-Base, MODELiiS, Polliwog, 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

When was Altair Engineering founded?

Altair Engineering was founded in 1985.

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 8/12/2022 by MarketBeat.com Staff

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