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Altair Engineering Inc. (ALTR)
Chart Events
Performance Outlook
| Previous Close | 65.47 |
| Open | 65.53 |
| Bid | 34.56 x 800 |
| Ask | 69.90 x 800 |
| Day's Range | 65.38 - 65.83 |
| 52 Week Range | 35.86 - 69.00 |
| Volume | 95,176 |
| Avg. Volume | 278,515 |
| Market Cap | 4.921B |
| Beta (5Y Monthly) | 1.50 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.03 |
| Earnings Date | Aug 04, 2021 - Aug 09, 2021 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 70.60 |
Fair Value
Related Research
- GlobeNewswire
Jim F. Anderson Joins Altair Board of Directors
Jim F. Anderson Jim F. Anderson elected to Altair's board of directors TROY, Mich., June 03, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI) announced that Jim F. Anderson was elected to Altair’s board of directors at the June 2, 2021 annual stockholder meeting. “Jim’s passion around building sales channels, combined with his technical and business acumen, make him a
- GlobeNewswire
Altair to Virtually Present at the Berenberg 2021 Design Software Conference
TROY, Mich., June 01, 2021 (GLOBE NEWSWIRE) -- Altair (Nasdaq: ALTR), a global technology company providing solutions in the areas of simulation, high-performance computing (HPC), and artificial intelligence (AI), announced today that James Scapa, chairman and chief executive officer, and Matt Brown, chief financial officer, will virtually present via fireside chat format at the Berenberg 2021 Design Software Conference on Tuesday, June 15, 2021 at 10 a.m. EDT / 3 p.m. BST. A live webcast, as we
- TipRanks
Altair Outlook Positive After Investor Day
Software and cloud solutions company Altair Engineering Inc. (ALTR) held its annual investor day on May 27th and had its executive team layout multi-year targets, data for growth, and rebranding strategies. (See ALTR stock analysis on TipRanks) Following the event, Kenneth Wong of Guggenheim Partners published a report providing details of the investor day updates. He explained that the company did not change its EBITDA margin growth targets from its 2019 Investor Day, but that the company expects to see those margins expand by 2023. Wong reiterated a Hold rating on the stock but did not assign a price target. In the report, Wong stated that “Management maintained a cautiously optimistic stance as the company moves past the pandemic and expects software revenue to drive the majority of growth.” The company’s total addressable market includes data analytics and AI, high-performance computing (HPC) and cloud, and simulation solutions. With regards to growth, Wong added that the CEO of Altair noted that large future acquisitions would not dilute the EBITDA margin target and would only add to revenue expansion. Altair also intends to rebrand itself as more of a cohesive umbrella corporation for its smaller subsidiaries, rather than a “house of brands.” The company wishes to be more inclusive of customers during corporate events, and increase brand awareness in general. Consensus among analysts on TipRanks is a Moderate Buy based on 2 Buys and 3 Holds. The average analyst price target of $67.67 suggests that ALTR shares are fully priced at current levels. Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
