Altair Engineering (ALTR) Given News Sentiment Rating of 0.00

News articles about Altair Engineering (NASDAQ:ALTR) have been trending somewhat negative this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Altair Engineering earned a media sentiment score of 0.00 on Accern’s scale. Accern also gave press coverage about the semiconductor manufacturer an impact score of 45.0040505794918 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Altair Engineering (ALTR) opened at $24.92 on Friday. The company has a debt-to-equity ratio of -1.31, a current ratio of 0.52 and a quick ratio of 0.51. Altair Engineering has a 1-year low of $16.55 and a 1-year high of $25.59. The company has a market cap of $1,570.00 and a price-to-earnings ratio of -45.31.

Altair Engineering (NASDAQ:ALTR) last issued its quarterly earnings data on Thursday, November 30th. The semiconductor manufacturer reported ($0.59) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.63). The business had revenue of $84.90 million for the quarter, compared to analyst estimates of $83.07 million. Altair Engineering’s revenue for the quarter was up 8.7% compared to the same quarter last year. sell-side analysts predict that Altair Engineering will post 0.22 earnings per share for the current fiscal year.

A number of equities research analysts recently commented on the stock. Deutsche Bank assumed coverage on shares of Altair Engineering in a report on Monday, November 27th. They set a “buy” rating and a $28.00 price target for the company. Royal Bank of Canada assumed coverage on shares of Altair Engineering in a report on Monday, November 27th. They set a “sector perform” rating and a $26.00 price target for the company. William Blair assumed coverage on shares of Altair Engineering in a report on Monday, November 27th. They set an “outperform” rating for the company. Canaccord Genuity assumed coverage on shares of Altair Engineering in a report on Monday, November 27th. They set a “hold” rating and a $25.00 price target for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of Altair Engineering in a report on Monday, November 27th. They set a “neutral” rating and a $25.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Altair Engineering currently has a consensus rating of “Hold” and an average price target of $26.00.

In other news, CEO James Ralph Scapa sold 1,734,996 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $12.09, for a total value of $20,976,101.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Gc Investments Llc sold 800,000 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $12.09, for a total transaction of $9,672,000.00. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by corporate insiders.

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About Altair Engineering

Altair Engineering Inc is a United States-based software company. The Company is focused on developing engineering software and computing technologies. The Company’s products include HyperWorks, solidThinking, PBS Works, and Carriots. The Company offers a range of solutions such as product engineering, industrial design, and tailored solutions.

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