Alteryx, Inc. (NYSE:AYX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Alteryx, Inc. (NYSE:AYX) have been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $52.58.

Several research analysts have weighed in on the stock. Needham & Company LLC decreased their price target on shares of Alteryx from $55.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, August 8th. Oppenheimer cut their price target on Alteryx from $65.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, August 8th. Bank of America decreased their price objective on Alteryx from $70.00 to $64.00 in a research note on Tuesday, August 8th. Piper Sandler lowered shares of Alteryx from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $68.00 to $30.00 in a report on Tuesday, August 8th. Finally, Rosenblatt Securities lowered their price target on shares of Alteryx from $75.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, August 8th.

Alteryx Stock Performance

Shares of Alteryx stock opened at $29.74 on Friday. The business has a fifty day simple moving average of $36.90 and a two-hundred day simple moving average of $45.72. The firm has a market capitalization of $2.11 billion, a P/E ratio of -6.58 and a beta of 0.53. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 23.75. Alteryx has a 12 month low of $27.92 and a 12 month high of $70.63.

Alteryx (NYSE:AYX) last posted its quarterly earnings data on Monday, August 7th. The company reported ($1.29) EPS for the quarter, missing the consensus estimate of ($1.27) by ($0.02). The business had revenue of $188.00 million for the quarter, compared to the consensus estimate of $182.15 million. Alteryx had a negative return on equity of 172.29% and a negative net margin of 34.87%. On average, equities analysts forecast that Alteryx will post -2.23 earnings per share for the current fiscal year.

Institutional Trading of Alteryx

Several hedge funds have recently bought and sold shares of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Alteryx by 8.2% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,483 shares of the company’s stock worth $124,000 after acquiring an additional 189 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Alteryx by 14.9% during the first quarter. PNC Financial Services Group Inc. now owns 1,583 shares of the company’s stock valued at $114,000 after purchasing an additional 205 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Alteryx by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 29,761 shares of the company’s stock worth $1,662,000 after buying an additional 235 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Alteryx by 7.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,636 shares of the company’s stock valued at $332,000 after buying an additional 307 shares in the last quarter. Finally, Ancora Advisors LLC bought a new position in shares of Alteryx in the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 72.37% of the company’s stock.

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.