Alteryx (NYSE:AYX) Coverage Initiated by Analysts at William Blair

William Blair assumed coverage on shares of Alteryx (NYSE:AYX) in a report released on Thursday, MarketBeat.com reports. The firm issued a market perform rating on the stock.

Several other research analysts have also recently commented on AYX. JMP Securities cut their price target on Alteryx from $95.00 to $60.00 and set a market outperform rating on the stock in a research note on Tuesday, August 8th. Loop Capital lowered Alteryx from a buy rating to a hold rating and lowered their price objective for the company from $65.00 to $30.00 in a report on Tuesday, August 8th. Morgan Stanley lowered their price objective on Alteryx from $59.00 to $54.00 and set an equal weight rating for the company in a report on Tuesday, August 8th. Needham & Company LLC lowered their price objective on Alteryx from $55.00 to $35.00 and set a buy rating for the company in a report on Tuesday, August 8th. Finally, Oppenheimer lowered their price objective on Alteryx from $65.00 to $55.00 and set an outperform rating for the company in a report on Tuesday, August 8th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $52.58.

Alteryx Trading Up 0.2 %

NYSE:AYX opened at $29.52 on Thursday. The company has a debt-to-equity ratio of 23.75, a quick ratio of 2.61 and a current ratio of 2.61. Alteryx has a one year low of $27.92 and a one year high of $70.63. The business’s 50-day simple moving average is $37.46 and its 200 day simple moving average is $46.11. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of -6.53 and a beta of 0.53.

Alteryx (NYSE:AYX) last released its quarterly earnings results on Monday, August 7th. The company reported ($1.29) EPS for the quarter, missing the consensus estimate of ($1.27) by ($0.02). Alteryx had a negative return on equity of 172.29% and a negative net margin of 34.87%. The business had revenue of $188.00 million during the quarter, compared to analyst estimates of $182.15 million. As a group, sell-side analysts predict that Alteryx will post -2.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alteryx

Several institutional investors have recently made changes to their positions in the stock. Virginia Retirement Systems ET AL bought a new position in shares of Alteryx during the second quarter valued at approximately $245,000. Nuveen Asset Management LLC grew its holdings in shares of Alteryx by 3.9% during the second quarter. Nuveen Asset Management LLC now owns 299,672 shares of the company’s stock valued at $13,605,000 after purchasing an additional 11,178 shares during the last quarter. GTS Securities LLC bought a new position in Alteryx in the 2nd quarter worth approximately $844,000. Blueshift Asset Management LLC bought a new position in Alteryx in the 2nd quarter worth approximately $346,000. Finally, Whetstone Capital Advisors LLC bought a new position in Alteryx in the 2nd quarter worth approximately $3,105,000. 72.37% of the stock is owned by institutional investors.

Alteryx Company Profile

Alteryx, Inc operates in analytic process automation business in the Asia-Pacific, Europe, the Middle East, Africa, North America, and internationally. The company's analytics platform enables organizations to enhance business outcomes and the productivity of their business analysts, data scientists, citizen data scientists, and data engineers.