NASDAQ:ALTR

Altair Engineering Stock Forecast, Price & News

$59.90

-1.83 (-2.96 %)

(As of 01/15/2021 12:00 AM ET)

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Today's Range

$59.00

Now: $59.90▼

$63.14

50-Day Range

$52.03

MA: $57.42▼

$62.99

52-Week Range

$23.04

Now: $59.90▼

$63.14

Volume352,971 shs

Average Volume232,483 shs

Market Capitalization$4.41 billion

P/E RatioN/A

Dividend YieldN/A

Beta1.53

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 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, and visualization; physics simulation; data analytics; high performance 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 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. In addition, the company offers consulting, training, implementation, and other software related services, as well as hardware products; and client engineering services to support customers with ongoing product design and development services. Altair Engineering Inc. was founded in 1985 and is headquartered in Troy, Michigan.

MarketRank^™

Overall MarketRank^™

0.95 out of 5 stars

Construction Sector

124th out of 184 stocks

Prepackaged Software Industry

154th out of 232 stocks

1.2 Analyst's Opinion

Consensus Rating
Altair Engineering has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 3 buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $46.50, Altair Engineering has a forecasted downside of 22.4% from its current price of $59.90.
Amount of Analyst Coverage
Altair Engineering has only been the subject of 3 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
Altair Engineering has received 538 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Altair Engineering has received 746 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Altair Engineering has received 58.10% “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.

0.0 Dividend Strength

Dividend Yield
Altair Engineering does not currently pay a dividend.
Dividend Growth
Altair Engineering does not have a long track record of dividend growth.

0.8 Company Ownership

Insider Buying vs. Insider Selling
In 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 $14,895,338.00 in company stock.
Percentage Held by Insiders
Only 29.27% of the stock of Altair Engineering is held by insiders.
Percentage Held by Institutions
54.44% of the stock of Altair Engineering is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Altair Engineering are expected to grow in the coming year, from ($0.12) to $0.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Altair Engineering is -299.50, 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. Sector
The P/E ratio of Altair Engineering is -299.50, 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 Ratio
Altair Engineering has a P/B Ratio of 12.22. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Prepackaged software

Sub-IndustrySemiconductors

SectorConstruction

Current SymbolNASDAQ:ALTR

Previous Symbol

CUSIP02144110

CIK1701732

Webwww.altair.com

Phone248-614-2400

Employees2,950

Debt

Debt-to-Equity Ratio0.60

Current Ratio2.41

Quick Ratio2.41

Price-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 / Sales9.61

Cash Flow$0.60 per share

Price / Cash Flow99.28

Book Value$4.90 per share

Price / Book12.22

Profitability

EPS (Most Recent Fiscal Year)$0.22

Net Income$-7,540,000.00

Net Margins-3.08%

Return on Equity1.10%

Return on Assets0.52%

Miscellaneous

Outstanding Shares73,660,000

Market Cap$4.41 billion

Next Earnings Date2/25/2021 (Estimated)

OptionableOptionable

$59.90

-1.83 (-2.96 %)

(As of 01/15/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Altair Engineering (NASDAQ:ALTR) Frequently Asked Questions

How has Altair Engineering's stock been impacted by Coronavirus?

Altair Engineering's stock was trading at $29.21 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ALTR stock has increased by 105.1% and is now trading at $59.90.
View which stocks have been most impacted by COVID-19.

Is Altair Engineering a buy right now?

6 Wall Street 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 analysts is that investors should "hold" Altair Engineering stock. 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 analyst ratings for Altair Engineering or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Altair Engineering?

Wall Street analysts have given Altair Engineering a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Altair Engineering wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Altair Engineering's next earnings date?

Altair Engineering is scheduled to release its next quarterly earnings announcement on Thursday, February 25th 2021.
View our earnings forecast for Altair Engineering.

How were Altair Engineering's earnings last quarter?

Altair Engineering Inc. (NASDAQ:ALTR) issued its earnings results on Thursday, November, 5th. The software reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.14. The software earned $106.46 million during the quarter, compared to the consensus estimate of $97.96 million. Altair Engineering had a negative net margin of 3.08% and a positive return on equity of 1.10%.
View Altair Engineering's earnings history.

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

Altair Engineering issued an update on its FY 2020 Pre-Market earnings guidance on Tuesday, December, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $448-453 million, compared to the consensus revenue estimate of $452.95 million.

What price target have analysts set for ALTR?

6 brokerages have issued 12-month price targets for Altair Engineering's stock. Their forecasts range from $28.00 to $65.00. On average, they anticipate Altair Engineering's share price to reach $46.50 in the next year. This suggests that the stock has a possible downside of 22.4%.
View analysts' price targets for Altair Engineering or view Wall Street analyst' top-rated stocks.

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), Microchip Technology (MCHP), Marvell Technology Group (MRVL), Xilinx (XLNX), Maxim Integrated Products (MXIM), Skyworks Solutions (SWKS), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR) and Silicon Laboratories (SLAB).
View all of ALTR's 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), Intel (INTC), QUALCOMM (QCOM), Tesla (tsla), Applied Materials (AMAT), NVIDIA (NVDA), Cisco Systems (CSCO), 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 64, Pay $1.28M)
Mr. Brett Chouinard, Pres, COO & Director (Age 56, Pay $446.08k)
Mr. Howard N. Morof, Chief Financial Officer (Age 61, Pay $469.82k)
Ms. Amy Messano, Chief Marketing Officer (Age 50, Pay $376.93k)
Dr. Uwe Schramm, Chief Technical Officer of Solvers & Optimization (Age 63, Pay $356.29k)
Ms. Andrea Siudara, Chief Information Officer (Age 48)
Mr. David L. Simon, Chief Admin. Officer (Age 57)
Mr. Raoul Maitra, Chief Legal Officer (Age 50)
Ms. Gilma Saravia, Chief People Officer (Age 46)
Mr. Michael J. Kidder, Sr. VP of Corp. Marketing

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 $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 retail and institutional investors. Top institutional investors include Mountain Capital Investment Advisors Inc (0.01%). Company insiders that own Altair Engineering stock include Amy Messano, Andrea Siudara, 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, Richard Hart and Uwe Schramm.
View institutional ownership trends 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 Mountain Capital Investment Advisors Inc.
View insider buying and selling activity for Altair Engineering or or view top insider-buying stocks.

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 WeBull, 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 $59.90.

How big of a company is Altair Engineering?

Altair Engineering has a market capitalization of $4.41 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 1/16/2021 by MarketBeat.com Staff

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