Alteryx (NYSE:AYX) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Alteryx (NYSE:AYX) in a research note released on Tuesday, Benzinga reports. They currently have a $42.00 price target on the stock.

A number of other analysts have also recently commented on the company. William Blair began coverage on Alteryx in a research report on Thursday, August 31st. They issued a market perform rating on the stock. Oppenheimer reduced their price objective on Alteryx from $65.00 to $55.00 and set an outperform rating for the company in a research note on Tuesday, August 8th. Citigroup upped their price objective on Alteryx from $70.00 to $73.00 and gave the stock a buy rating in a research note on Tuesday, August 8th. Piper Sandler lowered Alteryx from a neutral rating to an underweight rating and set a $30.00 price target for the company. in a research note on Monday, October 23rd. Finally, Truist Financial cut their price target on Alteryx from $65.00 to $40.00 and set a buy rating for the company in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $51.69.

Alteryx Stock Up 19.5 %

Shares of NYSE:AYX opened at $36.26 on Tuesday. Alteryx has a 1 year low of $27.92 and a 1 year high of $70.63. The company has a market cap of $2.58 billion, a PE ratio of -8.02 and a beta of 0.42. The company has a debt-to-equity ratio of 23.75, a current ratio of 2.61 and a quick ratio of 2.61. The stock’s 50-day moving average is $34.47 and its 200 day moving average is $37.37.

Alteryx (NYSE:AYX) last posted its earnings results on Monday, August 7th. The company reported ($1.29) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $188.00 million for the quarter, compared to analysts’ expectations of $182.15 million. Sell-side analysts anticipate that Alteryx will post -2.23 EPS for the current year.

Institutional Trading of Alteryx

Several institutional investors have recently added to or reduced their stakes in AYX. Envestnet Asset Management Inc. lifted its stake in Alteryx by 7.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,636 shares of the company’s stock worth $332,000 after purchasing an additional 307 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Alteryx by 13.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 26,769 shares of the company’s stock worth $1,915,000 after purchasing an additional 3,212 shares during the last quarter. Roundview Capital LLC bought a new stake in Alteryx in the first quarter worth about $236,000. PNC Financial Services Group Inc. lifted its stake in Alteryx by 14.9% in the first quarter. PNC Financial Services Group Inc. now owns 1,583 shares of the company’s stock worth $114,000 after purchasing an additional 205 shares during the last quarter. Finally, MetLife Investment Management LLC bought a new stake in Alteryx in the first quarter worth about $272,000. 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.