Alteryx, Inc. (NYSE:AYX) Given Average Rating of “Buy” by Analysts

Alteryx, Inc. (NYSE:AYX – Get Rating) has earned a consensus rating of “Buy” from the sixteen ratings firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $83.64.

AYX has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Alteryx from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Wednesday, February 16th. Oppenheimer cut their target price on Alteryx from $105.00 to $85.00 in a report on Wednesday, February 16th. FBN Securities started coverage on Alteryx in a research note on Monday, May 23rd. They issued an “outperform” rating and a $80.00 price objective on the stock. Zacks Investment Research raised Alteryx from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th. Finally, Truist Financial dropped their price target on Alteryx from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, March 24th.

In other news, Director Dean Stoecker sold 20,000 shares of the business’s stock in a transaction on Friday, March 11th. The shares were sold at an average price of $61.87, for a total transaction of $1,237,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 13.84% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AYX. Ancora Advisors LLC purchased a new position in shares of Alteryx during the 3rd quarter valued at $29,000. Ahrens Investment Partners LLC purchased a new position in shares of Alteryx during the 4th quarter valued at $30,000. Retirement Planning Co of New England Inc. purchased a new position in shares of Alteryx during the 4th quarter valued at $30,000. Signaturefd LLC lifted its stake in shares of Alteryx by 54.8% during the 1st quarter. Signaturefd LLC now owns 565 shares of the company’s stock valued at $40,000 after buying an additional 200 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Alteryx by 798.7% during the 1st quarter. Allworth Financial LP now owns 674 shares of the company’s stock valued at $48,000 after buying an additional 599 shares in the last quarter. Institutional investors own 71.04% of the company’s stock.

Alteryx stock opened at $57.26 on Thursday. The stock’s fifty day moving average price is $63.34 and its two-hundred day moving average price is $61.30. Alteryx has a one year low of $49.67 and a one year high of $90.57. The company has a debt-to-equity ratio of 3.43, a quick ratio of 1.71 and a current ratio of 1.71.

Alteryx (NYSE:AYX – Get Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.40) EPS for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.19. Alteryx had a negative return on equity of 46.53% and a negative net margin of 42.51%. The firm had revenue of $157.94 million for the quarter, compared to analyst estimates of $145.88 million. During the same quarter last year, the company earned ($0.45) EPS. The company’s revenue was up 33.0% on a year-over-year basis. As a group, equities research analysts forecast that Alteryx will post -2.51 EPS for the current fiscal year.

Alteryx Company Profile (Get Rating)

Alteryx, Inc provides end-to-end analytics platform for data analysts and scientists worldwide. Its analytic process automation software platform includes Alteryx Designer, a data profiling, preparation, blending, and analytics product used to create visual workflows or analytic processes; Alteryx Server, a server-based product for scheduling, sharing, and running analytic processes and applications in a Web-based environment; Alteryx Connect, a collaborative data exploration platform for discovering information assets and sharing recommendations across the enterprise; and Alteryx Promote, an analytics model management product for data scientists and analytics teams to build, manage, monitor, and deploy predictive models into real-time production applications.

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