Altair Engineering (ALTR) Stock Price, News & Analysis

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altair Engineering in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ALTR shares.
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7 analysts have issued 12 month price targets for Altair Engineering's shares. Their ALTR share price targets range from $67.00 to $100.00. On average, they expect the company's share price to reach $88.71 in the next year. This suggests a possible upside of 10.1% from the stock's current price.
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Altair Engineering's stock was trading at $84.15 at the beginning of the year. Since then, ALTR stock has decreased by 4.3% and is now trading at $80.56.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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Altair Engineering Inc. (NASDAQ:ALTR) announced its quarterly earnings results on Thursday, February, 22nd. The software reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.07. The software earned $171.50 million during the quarter, compared to analyst estimates of $172.48 million. Altair Engineering had a negative net margin of 1.46% and a positive trailing twelve-month return on equity of 3.77%.

ETFs with the largest weight of Altair Engineering (NASDAQ:ALTR) stock in their portfolio include 3D Printing ETF (PRNT), Invesco Dorsey Wright Technology Momentum ETF (PTF), Franklin Intelligent Machines ETF (IQM), iShares Robotics and Artificial Intelligence Multisector ETF (IRBO), Fidelity Disruptive Automation ETF (FBOT), SPDR S&P Software & Services ETF (XSW), Pacer BlueStar Engineering the Future ETF (BULD) and Invesco Next Gen Media and Gaming ETF (PBS).

Altair Engineering issued an update on its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $663.0 million-$673.0 million, compared to the consensus revenue estimate of $667.9 million.

166 employees have rated Altair Engineering Chief Executive Officer James R. Scapa on Glassdoor.com. James R. Scapa has an approval rating of 99% among the company's employees. This puts James R. Scapa in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 86.0% of employees surveyed would recommend working at Altair Engineering to a friend.

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 (CRM) and Skyworks Solutions (SWKS).

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.

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.
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