News coverage about Altair Engineering (NASDAQ:ALTR) has trended somewhat positive on Thursday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Altair Engineering earned a news impact score of 0.02 on Accern’s scale. Accern also assigned news stories about the semiconductor manufacturer an impact score of 46.8097105997655 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Altair Launches WEYV, Platform Offering Consumers Unlimited Access to Entertainment in a Single App Experience (finance.yahoo.com)
- Q4 2017 EPS Estimates for Altair Engineering Inc Lowered by William Blair (ALTR) (americanbankingnews.com)
- Altair Engineering Inc’s (ALTR) Quiet Period Set To End on December 11th (americanbankingnews.com)
- Altair’s Dr. C. J. Reddy Named 2018 IEEE Fellow (rfglobalnet.com)
- Altair Announces Third Quarter 2017 Financial Results (finance.yahoo.com)
Shares of Altair Engineering (NASDAQ ALTR) opened at $21.02 on Thursday. Altair Engineering has a fifty-two week low of $16.55 and a fifty-two week high of $25.59. The company has a debt-to-equity ratio of -1.31, a quick ratio of 0.51 and a current ratio of 0.52.
Altair Engineering (NASDAQ:ALTR) last announced its quarterly earnings results on Thursday, November 30th. The semiconductor manufacturer reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.63). The business had revenue of $84.90 million for the quarter, compared to the consensus estimate of $83.07 million. The company’s quarterly revenue was up 8.7% on a year-over-year basis. sell-side analysts forecast that Altair Engineering will post 0.22 EPS for the current year.
Several brokerages have issued reports on ALTR. J P Morgan Chase & Co began coverage on shares of Altair Engineering in a report on Monday, November 27th. They issued a “neutral” rating and a $25.00 price target on the stock. William Blair began coverage on shares of Altair Engineering in a report on Monday, November 27th. They issued an “outperform” rating on the stock. Canaccord Genuity began coverage on shares of Altair Engineering in a report on Monday, November 27th. They issued a “hold” rating and a $25.00 price target on the stock. Deutsche Bank began coverage on shares of Altair Engineering in a report on Monday, November 27th. They issued a “buy” rating and a $28.00 price target on the stock. Finally, Royal Bank Of Canada began coverage on shares of Altair Engineering in a report on Monday, November 27th. They issued a “sector perform” rating and a $26.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Altair Engineering presently has a consensus rating of “Hold” and a consensus price target of $26.00.
In related news, major shareholder Gc Investments Llc sold 800,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $12.09, for a total transaction of $9,672,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James Ralph Scapa sold 1,734,996 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $12.09, for a total transaction of $20,976,101.64. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.
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Altair Engineering Company Profile
Altair Engineering Inc is a United States-based software company. The Company is focused on developing engineering software and computing technologies. The Company’s products include HyperWorks, solidThinking, PBS Works, and Carriots. The Company offers a range of solutions such as product engineering, industrial design, and tailored solutions.
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