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Altair Engineering Inc (ALTR)
NASDAQ: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)857.32K
Market Cap
$9.44B
Enterprise Value$8.19B
Total Cash (Recent Filing)$16.87M
Total Debt (Recent Filing)$74.81M
Price to Earnings (P/E)293.8
Beta1.21
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. Volume976,866
30 Day Avg. Volume857,316
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)14.57
Price to Cash Flow (P/CF)161.40
P/FCF Ratio228.60
Enterprise Value/Market Cap0.87
Enterprise Value/Revenue12.71
Enterprise Value/Gross Profit16.69
Enterprise Value/Ebitda82.29
Forecast
1Y Price Target
$113.00Price Target Upside2.24% Upside
Rating ConsensusHold
Number of Analyst Covering4
Altair Engineering News
Bulls Say, Bears Say
Bulls Say
Acquisition PremiumThe acquisition price represents a 19% premium to Altair Engineering's unaffected price, offering a favorable deal for its shareholders.
Revenue SynergiesSiemens expects incremental revenue synergies from the transaction to be between $500 million and $1 billion over the medium to long term, indicating potential financial growth.
Strategic FitAltair serves as a highly complementary asset to Siemens' existing advanced simulation and design solution suites, enhancing their industrial software capabilities.
Bears Say
Acquisition OffersThere is no expectation of a counter offer from another potential acquirer for Altair Engineering.
Licensing ModelAltair's units licensing model could pose some problem with most acquirers utilizing a subscription or traditional license + support scheme.
Stock RatingThe analyst downgraded Altair Engineering's rating to Peer Perform following the acquisition announcement.
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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 Inc’s price range in the past 12 months?
Altair Engineering Inc lowest stock price was $75.71 and its highest was $113.12 in the past 12 months.
What is Altair Engineering Inc’s market cap?
Altair Engineering Inc’s market cap is $9.44B.
When is Altair Engineering Inc’s upcoming earnings report date?
Altair Engineering Inc’s upcoming earnings report date is Feb 20, 2025 which is in 20 days.
How were Altair Engineering Inc’s earnings last quarter?
Altair Engineering Inc 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 Inc overvalued?
According to Wall Street analysts Altair Engineering Inc’s price is currently Undervalued.
Does Altair Engineering Inc pay dividends?
Altair Engineering Inc does not currently pay dividends.
What is Altair Engineering Inc’s EPS estimate?
Altair Engineering Inc’s EPS estimate is 0.51.
How many shares outstanding does Altair Engineering Inc have?
Altair Engineering Inc has 60,137,615 shares outstanding.
What happened to Altair Engineering Inc’s price movement after its last earnings report?
Altair Engineering Inc 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 Inc?
Among the largest hedge funds holding Altair Engineering Inc’s share is Matrix Capital Management Company, LP. It holds Altair Engineering Inc’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:
$113.00 (2.24% Upside)
$113.00 (2.24% Upside)
Blogger Sentiment
Bullish
ALTR Sentiment 80%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 50.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $4.6M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 2.0%
Last 30 Days ▲ 0.5%
Last 30 Days ▲ 0.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
28.96%
12-Months-Change
Fundamentals
Return on Equity
4.47%
Trailing 12-Months
Asset Growth
10.05%
Trailing 12-Months
Company Description
Altair Engineering Inc
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 Stock 12 Month Forecast
Average Price Target
$113.00
▲(2.24% Upside)
Technical Analysis
Best Analysts Covering ALTR
1 Year
1 Year Success Rate
16/17 ratings generated profit
1 Year Average Return
+23.82%
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 +23.82% per trade.
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