Altair Engineering (ALTR) Stock Price, News & Analysis

Company Overview

Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation and design, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. It operates in two segments, Software and Client Engineering Services. The Software segment offers 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 provides software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in automotive, 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 tubes with LED lighting. 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 serves 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.

Key Stats

• Today's Range: $111.85 to $111.85
• 50-Day Range: $111.09 to $112.73
• 52-Week Range: $75.71 to $113.12
• Volume: N/A
• Average Volume: 721,787 shs
• Market Capitalization: $9.60 billion
• P/E Ratio: 657.94
• Dividend Yield: N/A
• Price Target: $100.83
• Consensus Rating: Reduce

Altair Engineering Stock Analysis - MarketRank™

Altair Engineering scored higher than 36% of companies evaluated by MarketBeat, and ranked 545th out of 654 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.9 / 5
• Analyst Rating: Reduce

Consensus Rating

Altair Engineering has received a consensus rating of Reduce. The company's average rating score is 1.88, and is based on no buy ratings, 7 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Altair Engineering has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 48.28%

Earnings Growth

Earnings for Altair Engineering are expected to grow by 48.28% in the coming year, from $0.87 to $1.29 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Altair Engineering is 657.94, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 21.77.

Price to Earnings Ratio vs. Sector

The P/E ratio of Altair Engineering is 657.94, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 42.62.

Price to Earnings Growth Ratio

Altair Engineering has a PEG Ratio of 10.75. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Altair Engineering has a P/B Ratio of 11.11. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ALTR.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Altair Engineering does not currently pay a dividend.

Dividend Growth

Altair Engineering does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Altair Engineering is 423.53%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Altair Engineering will have a dividend payout ratio of 55.81% next year. This indicates that Altair Engineering will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.9 / 5
• Environmental Score: -1.04

Short Interest

There is no current short interest data available for ALTR.

News and Social Media

• Score: N/A
• News Sentiment: N/A

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

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 $1,356,847.00 in company stock.

Percentage Held by Insiders

21.75% of the stock of Altair Engineering is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

63.38% of the stock of Altair Engineering is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ALTR Stock Analysis - Frequently Asked Questions

How have ALTR shares performed this year?

Altair Engineering's stock was trading at $109.11 at the beginning of the year. Since then, ALTR shares have increased by 2.5% and is now trading at $111.85.
View the best growth stocks for 2025 here.

How were Altair Engineering's earnings last quarter?

Altair Engineering Inc. (NASDAQ:ALTR) posted its quarterly earnings results on Thursday, February, 20th. The software reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.51 by $0.15. The software had revenue of $192.63 million for the quarter, compared to analyst estimates of $182.98 million. Altair Engineering had a net margin of 2.13% and a trailing twelve-month return on equity of 8.08%.

Does Altair Engineering have any subsidiaries?

Altair Engineering subsidiaries include Concept Engineering, Gen3D, Powersim, World Programming Ltd, S-FRAME Software Inc, M-Base, Univa, and others.

When did Altair Engineering IPO?

Altair Engineering (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.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Altair Engineering own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Altair Engineering investors own include Waste Connections (WCN), The RMR Group (RMR), iShares Micro-Cap ETF (IWC), DiamondRock Hospitality (DRH), American Water Works (AWK), AUO (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 2/20/2025
• Today: 5/01/2025
• Next Earnings (Estimated): 5/01/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Semiconductors
• Current Symbol: NASDAQ:ALTR
• CIK: 1701732
• Web: www.altair.com
• Phone: (248) 614-2400
• Fax: 248-614-2411
• Employees: 3,000
• Year Founded: 1985

Price Target and Rating

• Average Stock Price Target: $100.83
• High Stock Price Target: $113.00
• Low Stock Price Target: $71.00
• Potential Upside/Downside: -9.8%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.88
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.17
• Trailing P/E Ratio: 657.94
• Forward P/E Ratio: 128.56
• P/E Growth: 10.75
• Net Income: $14.18 million
• Net Margins: 2.13%
• Pretax Margin: 4.90%
• Return on Equity: 8.08%
• Return on Assets: 4.74%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.61
• Quick Ratio: 1.61

Sales & Book Value

• Annual Sales: $665.79 million
• Price / Sales: 14.41
• Cash Flow: $1.24 per share
• Price / Cash Flow: 90.15
• Book Value: $10.07 per share
• Price / Book: 11.11

Miscellaneous

• Outstanding Shares: 85,795,000
• Free Float: 66,576,000
• Market Cap: $9.60 billion
• Optionable: Optionable
• Beta: 1.45