NASDAQ:ALTR - Altair Engineering Stock Price, Forecast & News

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

Altair Engineering Inc (NASDAQ:ALTR) released its quarterly earnings results on Thursday, November, 7th. The software reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of $0.05 by $0.14. The software had revenue of $102.70 million for the quarter, compared to the consensus estimate of $105.04 million. Altair Engineering had a positive return on equity of 4.40% and a negative net margin of 3.85%. Altair Engineering's revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 earnings per share. View Altair Engineering's Earnings History.

Altair Engineering is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for Altair Engineering.

Altair Engineering updated its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $$449-453 million, compared to the consensus revenue estimate of $$470.91 million.

6 analysts have issued 1-year price objectives for Altair Engineering's stock. Their forecasts range from $30.00 to $44.00. On average, they expect Altair Engineering's share price to reach $35.20 in the next twelve months. This suggests that the stock has a possible downside of 3.2%. View Analyst Price Targets for Altair Engineering.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 2 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.

Media stories about ALTR stock have trended extremely negative on Saturday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Altair Engineering earned a news impact score of -4.5 on InfoTrie's scale. They also gave news stories about the software a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for Altair Engineering.

Altair Engineering saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 4,640,000 shares, an increase of 15.4% from the December 15th total of 4,020,000 shares. Based on an average daily trading volume, of 360,900 shares, the days-to-cover ratio is currently 12.9 days. Currently, 12.5% 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 Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), Cree (CREE) and First Solar (FSLR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Altair Engineering investors own include Cisco Systems (CSCO), Intel (INTC), Allergan (AGN), NVIDIA (NVDA), QUALCOMM (QCOM), salesforce.com (CRM), General Electric (GE), Twitter (TWTR), Gilead Sciences (GILD) and Tesla (tsla).

(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's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Conestoga Capital Advisors LLC (2.70%), Zurcher Kantonalbank Zurich Cantonalbank (0.00%) and Carroll Financial Associates Inc. (0.00%). Company insiders that own Altair Engineering stock include Brett R Chouinard, Christ Revocable Trust, Gc Investments Llc, George J Christ, Howard N Morof, James Dagg, James E Brancheau, James Ralph Scapa, Jan Kowal, Jrs Investments Llc, Mahalingam Srikanth, Martin E Nichols, Massimo Giuseppe Fariello, Nelson Dias, R Scapa Declaration Of James and Uwe Schramm. View Institutional Ownership Trends for Altair Engineering.

ALTR stock was purchased by a variety of institutional investors in the last quarter, including Conestoga Capital Advisors LLC, Zurcher Kantonalbank Zurich Cantonalbank and Carroll Financial Associates Inc.. View Insider Buying and Selling for 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.

One share of ALTR stock can currently be purchased for approximately $36.38.

Altair Engineering has a market capitalization of $2.61 billion and generates $396.38 million in revenue each year. The software earns $13.72 million in net income (profit) each year or $0.37 on an earnings per share basis. Altair Engineering employs 2,850 workers across the globe.View Additional Information About Altair Engineering.

The official website for Altair Engineering is http://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]