NASDAQ:ALTR Altair Engineering Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Altair Engineering Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $39.88 -0.23 (-0.57 %) (As of 09/24/2020 12:00 AM ET) Add Compare Share Today's Range$39.37Now: $39.88▼$40.6150-Day Range$37.67MA: $40.73▼$43.3152-Week Range$23.04Now: $39.88▼$44.34Volume284,193 shsAverage Volume302,022 shsMarket Capitalization$2.92 billionP/E RatioN/ADividend YieldN/ABeta1.49 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions worldwide. The company operates through two segments, Software and Client Engineering Services. Its integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling and embedded systems. The company offers software products in the areas of design, modeling, visualization; physics simulation; data intelligence; cloud computing; and Internet of Things for decision making in product design and development, manufacturing, energy management and exploration, financial services, health care, and retail operations. It also provides consulting, training, and implementation services; and client engineering services to support customers with ongoing product design and development services. The company was founded in 1985 and is headquartered in Troy, Michigan.Read More Beat the Market (BTM) Rank™ 1.0 Analyst's Opinion Consensus RatingAltair Engineering has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 5 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $37.75, Altair Engineering has a forecasted downside of 5.3% from its current price of $39.88.Amount of Analyst CoverageAltair Engineering has only been the subject of 4 research reports in the past 90 days. Previous Next 2.1 Community Rank Outperform VotesAltair Engineering has received 533 “outperform” votes. (Add your “outperform” vote.)Underperform VotesAltair Engineering has received 741 “underperform” votes. (Add your “underperform” vote.)Community SentimentAltair Engineering has received 58.16% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Altair Engineering and other stocks. Vote “Outperform” if you believe ALTR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ALTR will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 0.0 Dividend Strength Dividend YieldAltair Engineering does not currently pay a dividend.Dividend GrowthAltair Engineering does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Altair Engineering insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $14,192,455.00 in company stock.Percentage Held by InsidersOnly 29.27% of the stock of Altair Engineering is held by insiders.Percentage Held by Institutions53.20% of the stock of Altair Engineering is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Altair Engineering is -132.93, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Altair Engineering is -132.93, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioAltair Engineering has a P/B Ratio of 8.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 1.0Community Rank: 2.1Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -Overall Beat the Market Rank™0.82 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Prepackaged software Sub-IndustrySemiconductors SectorConstruction Current SymbolNASDAQ:ALTR Previous Symbol CUSIP02144110 CIK1701732 Webwww.altair.com Phone248-614-2400Debt Debt-to-Equity Ratio0.52 Current Ratio2.41 Quick Ratio2.41Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$458.92 million Price / Sales6.35 Cash Flow$0.57 per share Price / Cash Flow70.37 Book Value$4.90 per share Price / Book8.14Profitability EPS (Most Recent Fiscal Year)$0.22 Net Income$-7,540,000.00 Net Margins-4.76% Return on Equity-0.33% Return on Assets-0.16%Miscellaneous Employees2,950 Outstanding Shares73,114,000Market Cap$2.92 billion Next Earnings Date11/5/2020 (Estimated) OptionableOptionable $39.88 -0.23 (-0.57 %) (As of 09/24/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive ALTR News and Ratings via Email Sign-up to receive the latest news and ratings for ALTR and its competitors with MarketBeat's FREE daily newsletter. Altair Engineering (NASDAQ:ALTR) Frequently Asked Questions How has Altair Engineering's stock been impacted by COVID-19? 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 stock has increased by 36.5% and is now trading at $39.88. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Altair Engineering? 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Altair Engineering. When is Altair Engineering's next earnings date? Altair Engineering is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020. View our earnings forecast for Altair Engineering. How were Altair Engineering's earnings last quarter? Altair Engineering Inc (NASDAQ:ALTR) announced its quarterly earnings results on Thursday, August, 6th. The software reported ($0.02) EPS for the quarter, meeting analysts' consensus estimates of ($0.02). The software had revenue of $98.50 million for the quarter, compared to analysts' expectations of $94.13 million. Altair Engineering had a negative net margin of 4.76% and a negative return on equity of 0.33%. Altair Engineering's revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS. View Altair Engineering's earnings history. What guidance has Altair Engineering issued on next quarter's earnings? Altair Engineering updated its third quarter 2020 After-Hours earnings guidance on Thursday, August, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $96-100 million, compared to the consensus revenue estimate of $97.2 million. What price target have analysts set for ALTR? 7 analysts have issued 1 year price objectives for Altair Engineering's stock. Their forecasts range from $28.00 to $46.00. On average, they expect Altair Engineering's stock price to reach $37.75 in the next year. This suggests that the stock has a possible downside of 5.3%. View analysts' price targets for Altair Engineering. Who are some of Altair Engineering's key competitors? Some companies that are related to Altair Engineering include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Marvell Technology Group (MRVL), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), First Solar (FSLR), Cree (CREE) and Inphi (IPHI). View all competitors. 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), QUALCOMM (QCOM), Intel (INTC), Tesla (TSLA), Applied Materials (AMAT), Cisco Systems (CSCO), NVIDIA (NVDA), Xilinx (XLNX), salesforce.com (CRM) and Skyworks Solutions (SWKS). Who are Altair Engineering's key executives? Altair Engineering's management team includes the following people: Mr. James R. Scapa, Founder, Chairman & CEO (Age 62)Mr. Brett Chouinard, Pres, COO & Director (Age 54)Mr. Howard N. Morof, Chief Financial Officer (Age 59)Dr. Uwe Schramm, Chief Technical Officer of Solvers & Optimization (Age 61)Mr. Massimo Fariello, Sr. VP and Chief of R&D (Age 57) When did Altair Engineering IPO? (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. 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 shareholders include Vanguard Group Inc. (5.30%), Neuberger Berman Group LLC (3.40%), Conestoga Capital Advisors LLC (2.92%), Bamco Inc. NY (2.52%), Silvercrest Asset Management Group LLC (0.45%) and Charles Schwab Investment Management Inc. (0.36%). Company insiders that own Altair Engineering stock include Amy Messano, Brett R Chouinard, Christ Revocable Trust, David L Simon, Gc Investments Llc, George J Christ, Howard N Morof, James Dagg, James Ralph Scapa, Jan Kowal, Jrs Investments Llc, Mahalingam Srikanth, Martin E Nichols, Nelson Dias, R Scapa Declaration Of James, Raoul Maitra and Uwe Schramm. View institutional ownership trends for Altair Engineering. Which institutional investors are selling Altair Engineering stock? ALTR stock was sold by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Silvercrest Asset Management Group LLC, New York State Common Retirement Fund, Bamco Inc. NY, AlphaCrest Capital Management LLC, EP Wealth Advisors LLC, Goldman Sachs Group Inc., and Holocene Advisors LP. Company insiders that have sold Altair Engineering company stock in the last year include Amy Messano, Brett R Chouinard, Christ Revocable Trust, David L Simon, George J Christ, Howard N Morof, James Dagg, James Ralph Scapa, Jrs Investments Llc, Nelson Dias, R Scapa Declaration Of James, Raoul Maitra, and Uwe Schramm. View insider buying and selling activity for Altair Engineering. Which institutional investors are buying Altair Engineering stock? ALTR stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Conestoga Capital Advisors LLC, Marshall Wace LLP, First Trust Advisors LP, Raymond James & Associates, Charles Schwab Investment Management Inc., WINTON GROUP Ltd, and King Luther Capital Management Corp. View insider buying and selling activity for Altair Engineering. How do I buy shares of 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. What is Altair Engineering's stock price today? One share of ALTR stock can currently be purchased for approximately $39.88. How big of a company is Altair Engineering? Altair Engineering has a market capitalization of $2.92 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. What is Altair Engineering's official website? The official website for Altair Engineering is www.altair.com. How can I contact Altair Engineering? 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] This page was last updated on 9/24/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
