Are Analysts Bearish Altair Engineering Inc. (NASDAQ:ALTR) After Last Week?

July 27, 2018 - By Mary Kidd

Altair Engineering Inc. (NASDAQ:ALTR) Logo

Altair Engineering Inc. (NASDAQ:ALTR) Ratings Coverage

Among 5 analysts covering Altair Engineering (NASDAQ:ALTR), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Altair Engineering had 6 analyst reports since January 30, 2018 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Thursday, March 22 with “Hold”. The stock has “Buy” rating by Cowen & Co on Thursday, March 22. The firm earned “Buy” rating on Thursday, March 22 by Berenberg. The rating was maintained by Canaccord Genuity on Wednesday, March 21 with “Hold”. Below is a list of Altair Engineering Inc. (NASDAQ:ALTR) latest ratings and price target changes.

27/03/2018 Broker: Needham Rating: Buy New Target: $36 Initiates Coverage On
22/03/2018 Broker: Berenberg Rating: Buy New Target: $33.0000 Maintain
22/03/2018 Broker: Cowen & Co Rating: Buy Maintain
22/03/2018 Broker: RBC Capital Markets Rating: Hold New Target: $31.0000 Maintain
21/03/2018 Broker: Canaccord Genuity Rating: Hold New Target: $30.0 Maintain
30/01/2018 Broker: Berenberg Rating: Buy New Target: $33 Initiates Coverage On

The stock increased 0.33% or $0.12 during the last trading session, reaching $36.57. About 171,684 shares traded. Altair Engineering Inc. (NASDAQ:ALTR) has 0.00% since July 27, 2017 and is . It has underperformed by 12.57% the S&P500.

Altair Engineering Inc., together with its subsidiaries, provides enterprise-class engineering software worldwide. The company has market cap of $2.49 billion. The Company’s integrated suite of multi-disciplinary computer aided engineering software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling and embedded systems, as well as provides data analytics and true-to-life visualization and rendering. It currently has negative earnings. The firm also offers client engineering services to support clients with long-term ongoing product design and development services, as well as consulting, training, and support services.

More recent Altair Engineering Inc. (NASDAQ:ALTR) news were published by: Nasdaq.com which released: “World-Class Speakers, Premier Presentations – 2018 Global Altair Technology Conference Keynotes and Agenda …” on July 11, 2018. Also Nasdaq.com published the news titled: “WEYV Announces Partnership with LyricFind, Now Offering Lyrics to Expand Users’ In-App Music Experience” on July 17, 2018. Nasdaq.com‘s news article titled: “Altair to Announce Second Quarter 2018 Financial Results on August 9, 2018” with publication date: July 19, 2018 was also an interesting one.

Altair Engineering Inc. (NASDAQ:ALTR) Ratings Chart

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