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Altair Engineering (ALTR)
:ALTR
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ALTR Stock Chart & Stats
Day’s Range― - ―
52-Week Range$75.71 - $113.12
Previous CloseN/A
Volume269.88K
Average Volume (3M)741.63K
Market Cap
$9.43B
Enterprise Value$8.19B
Total Cash (Recent Filing)$16.87M
Total Debt (Recent Filing)$74.81M
Price to Earnings (P/E)293.2
Beta1.25
Next Earnings
Feb 20, 2025EPS Estimate
0.51Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.38
Shares Outstanding60,137,615
10 Day Avg. Volume682,133
30 Day Avg. Volume741,626
Standard Deviation0.10
R-Squared0.56
Alpha0.00734
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)14.54
Price to Cash Flow (P/CF)161.10
P/FCF Ratio228.20
Enterprise Value/Market Cap0.87
Enterprise Value/Revenue12.71
Enterprise Value/Gross Profit16.69
Enterprise Value/Ebitda82.29
Forecast
1Y Price Target
$109.75Price Target Upside-0.36% Downside
Rating ConsensusHold
Number of Analyst Covering7
Altair Engineering News
Bulls Say, Bears Say
Bulls Say
Acquisition BenefitsThe announced acquisition by Siemens for $113 per share in an all-cash deal is a good outcome for shareholders.
Revenue SynergiesSiemens expects incremental revenue synergies from the transaction to be between $500 million and $1 billion over the medium to long term.
Strategic FitThis acquisition makes strategic sense as both companies are in the industrial software space and Altair's portfolio should be a good fit for Siemens, as EDA and system simulation continue to converge.
Bears Say
Acquisition ConcernsAltair's units licensing model could pose some problem with most acquirers utilizing a subscription or traditional license + support scheme.
Analyst DowngradeThe analyst downgraded Altair Engineering's rating to Peer Perform following the acquisition announcement.
Market ExpectationsThere is a belief that a materially higher bid is not likely given the overall scale of the companies and transaction size.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
ALTR FAQ
What was Altair Engineering’s price range in the past 12 months?
Altair Engineering lowest stock price was $75.71 and its highest was $113.12 in the past 12 months.
What is Altair Engineering’s market cap?
Altair Engineering’s market cap is $9.43B.
When is Altair Engineering’s upcoming earnings report date?
Altair Engineering’s upcoming earnings report date is Feb 20, 2025 which is in 36 days.
How were Altair Engineering’s earnings last quarter?
Altair Engineering released its earnings results on Oct 30, 2024. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.161 by $0.079.
Is Altair Engineering overvalued?
According to Wall Street analysts Altair Engineering’s price is currently Overvalued.
Does Altair Engineering pay dividends?
Altair Engineering does not currently pay dividends.
What is Altair Engineering’s EPS estimate?
Altair Engineering’s EPS estimate is 0.51.
How many shares outstanding does Altair Engineering have?
Altair Engineering has 60,137,615 shares outstanding.
What happened to Altair Engineering’s price movement after its last earnings report?
Altair Engineering reported an EPS of $0.24 in its last earnings report, beating expectations of $0.161. Following the earnings report the stock price went down -4.271%.
Which hedge fund is a major shareholder of Altair Engineering?
Among the largest hedge funds holding Altair Engineering’s share is Matrix Capital Management Company, LP. It holds Altair Engineering’s shares valued at 1B.
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Altair Engineering Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$109.75 (-0.36% Downside)
$109.75 (-0.36% Downside)
Blogger Sentiment
Bullish
ALTR Sentiment 70%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 50.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $44.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 1.5%
Last 30 Days >0.1%
Last 30 Days >0.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
30.77%
12-Months-Change
Fundamentals
Return on Equity
4.47%
Trailing 12-Months
Asset Growth
10.05%
Trailing 12-Months
Company Description
Altair Engineering
Altair Engineering, Inc. engages in the provision of software and cloud solutions for product design & development, high performance cloud computing and data intelligence. It operates through the following segments: Software and Client Engineering Services. The Software segment includes a portfolio of software products; as well as solvers and optimization technology products, modelling and visualization tools. The Client Engineering Services segment engages in the provision of client engineering services to support customers with long-term, ongoing product design and development expertise. The company was founded by James R. Scapa in 1985 and is headquartered in Troy, MI.
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ALTR Earnings Call
Q2 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call highlighted Altair's strong revenue performance, especially in the software segment, driven by large contracts in aerospace and defense. The company is recognized for its leadership in data science and machine learning, evidenced by its position in the Gartner Magic Quadrant. Despite some foreign exchange impacts on margins, the overall trajectory appears positive with strategic acquisitions and partnerships poised to drive future growth.Read More>---
ALTR Stock 12 Month Forecast
Average Price Target
$109.75
▼(-0.36% Downside)
Technical Analysis
Best Analysts Covering ALTR
1 Year
1 Year Success Rate
16/17 ratings generated profit
1 Year Average Return
+23.69%
reiterated a buy rating 3 months ago
Copying Kenneth Wong's trades and holding each position for 1 Year would result in 94.12% of your transactions generating a profit, with an average return of +23.69% per trade.
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