NASDAQ:ALTRAltair Engineering Stock Price, Forecast & News

Altair Engineering's stock was trading at $29.21 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ALTR shares have increased by 34.9% and is now trading at $39.40. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 3 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.

Altair Engineering is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Altair Engineering.

Altair Engineering Inc (NASDAQ:ALTR) issued its earnings results on Thursday, May, 7th. The software reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.14 by $0.02. The software had revenue of $131.50 million for the quarter, compared to the consensus estimate of $128.74 million. Altair Engineering had a positive return on equity of 2.16% and a negative net margin of 3.14%. The firm's revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 EPS. View Altair Engineering's earnings history.

Altair Engineering issued an update on its second quarter 2020 After-Hours earnings guidance on Thursday, May, 7th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $91-96 million, compared to the consensus revenue estimate of $114.65 million.

7 analysts have issued 1-year price objectives for Altair Engineering's shares. Their forecasts range from $28.00 to $38.00. On average, they anticipate Altair Engineering's share price to reach $32.80 in the next twelve months. This suggests that the stock has a possible downside of 16.8%. View analysts' price targets for Altair Engineering.

News headlines about ALTR stock have trended negative on Friday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Altair Engineering earned a coverage optimism score of -2.8 on InfoTrie's scale. They also gave media stories about the software a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news about Altair Engineering.

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), Marvell Technology Group (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), Inphi (IPHI) and First Solar (FSLR). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Altair Engineering investors own include Gilead Sciences (GILD), Intel (INTC), Tesla (TSLA), Netflix (NFLX), QUALCOMM (QCOM), Applied Materials (AMAT), salesforce.com (CRM), Cisco Systems (CSCO), NVIDIA (NVDA) and Allergan (AGN).

(ALTR) raised $144 million in an initial public offering (IPO) 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.

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

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 $39.40.

Altair Engineering has a market capitalization of $2.87 billion and generates $458.92 million in revenue each year. The software earns $-7,540,000.00 in net income (profit) each year or $0.22 on an earnings per share basis. Altair Engineering employs 2,950 workers across the globe.

The official website for Altair Engineering is 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]