Altair Engineering (ALTR) Stock Price, News & Analysis

Company Overview

Altair Engineering Inc., together with its subsidiaries, provides software and cloud solutions in the areas of simulation and design, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. It operates in two segments, Software and Client Engineering Services. The Software segment offers solvers and optimization technology products, high-performance computing software applications and hardware products, modeling and visualization tools, data analytics and analysis products, and Internet of Things platform and analytics tools, as well as support and the complementary software products. This segment also provides software technologies in the areas of computational fluid dynamics and fatigue, manufacturing process simulation, and cost estimation for the applications in automotive, marine, motorcycle, aerospace, chemical, and architecture industries; and software-related services, such as consulting, implementation, and training services that focuses on the product design and development expertise and analysis from the component level up to complete product engineering at various stage of the lifecycle. The Client Engineering Services segment provides client engineering services. In addition, the company is involved in the development and sale of solid state lighting technology along with communication and control protocols based on its intellectual property for the direct replacement of fluorescent tubes with LED lighting. Its integrated suite of software optimizes design performance across various disciplines, including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. The company serves universities, government agencies, manufacturers, pharmaceutical firms, banking, financial services, and insurance, weather prediction agencies, and electronics design companies. Altair Engineering Inc. was incorporated in 1985 and is headquartered in Troy, Michigan.

Key Stats

• Today's Range: $105.45 to $105.79
• 50-Day Range: $91.78 to $110.67
• 52-Week Range: $70.07 to $113.12
• Volume: 121,388 shs
• Average Volume: 587,866 shs
• Market Capitalization: $8.98 billion
• P/E Ratio: 277.82
• Dividend Yield: N/A
• Price Target: $100.71
• Consensus Rating: Hold

Altair Engineering Stock Analysis - MarketRank™

Altair Engineering scored higher than 88% of companies evaluated by MarketBeat, and ranked 46th out of 101 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

Altair Engineering has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 7 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Altair Engineering has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 10.96%

Earnings Growth

Earnings for Altair Engineering are expected to grow by 10.96% in the coming year, from $0.73 to $0.81 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Altair Engineering is 277.82, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 128.74.

Price to Earnings Ratio vs. Sector

The P/E ratio of Altair Engineering is 277.82, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 29.77.

Price to Earnings Growth Ratio

Altair Engineering has a PEG Ratio of 12.17. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Altair Engineering has a P/B Ratio of 10.73. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.70% of the outstanding shares of Altair Engineering have been sold short.

Short Interest Ratio / Days to Cover

Altair Engineering has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Altair Engineering has recently decreased by 29.69%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Altair Engineering does not currently pay a dividend.

Dividend Growth

Altair Engineering does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 2.9 / 5
• Environmental Score: -1.04

Percentage of Shares Shorted

3.70% of the outstanding shares of Altair Engineering have been sold short.

Short Interest Ratio / Days to Cover

Altair Engineering has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Altair Engineering has recently decreased by 29.69%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.30

News Sentiment

Altair Engineering has a news sentiment score of 1.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.85 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Altair Engineering this week, compared to 7 articles on an average week.

Search Interest

Only 1 people have searched for ALTR on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

8 people have added Altair Engineering to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Altair Engineering insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $35,717,201.00 in company stock.

Percentage Held by Insiders

21.75% of the stock of Altair Engineering is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

63.38% of the stock of Altair Engineering is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ALTR Stock Analysis - Frequently Asked Questions

How have ALTR shares performed this year?

Altair Engineering's stock was trading at $84.15 at the beginning of 2024. Since then, ALTR stock has increased by 25.5% and is now trading at $105.57.
View the best growth stocks for 2024 here.

How were Altair Engineering's earnings last quarter?

Altair Engineering Inc. (NASDAQ:ALTR) issued its earnings results on Thursday, August, 1st. The software reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm's quarterly revenue was up 5.4% on a year-over-year basis.

Does Altair Engineering have any subsidiaries?

The following companies are subsidiaries of Altair Engineering: Concept Engineering, Gen3D, Powersim, World Programming Ltd, S-FRAME Software Inc, M-Base, Univa, and others.

When did Altair Engineering IPO?

Altair Engineering (ALTR) raised $144 million in an initial public offering (IPO) on Wednesday, November 1st 2017. The company issued 12,000,000 shares at a price of $11.00-$13.00 per share. J.P. Morgan, RBC Capital Markets and Deutsche Bank Securities served as the underwriters for the IPO and William Blair and Canaccord Genuity were co-managers.

Who are Altair Engineering's major shareholders?

Top institutional shareholders of Altair Engineering include Conestoga Capital Advisors LLC (3.04%), State Street Corp (2.41%), Geode Capital Management LLC (1.67%) and Impax Asset Management Group plc (1.60%). Insiders that own company stock include George J Christ, James Ralph Scapa, Nelson Dias, Matthew Charles Brown, Uwe Schramm, Mahalingam Srikanth, Ravi Kunju, Raoul Maitra, Teresa A Harris, Amy Messano, Gilma Saravia, Brian Gayle, Stephanie Buckner, Shekar G Ayyar, Jeffrey Marraccini, Gc Investments Llc, Jrs Investments Llc, Christ Revocable Trust and R Scapa Declaration Of James.
View institutional ownership trends.

How do I buy shares of Altair Engineering?

Shares of ALTR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Altair Engineering own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Altair Engineering investors own include Waste Connections (WCN), The RMR Group (RMR), iShares Micro-Cap ETF (IWC), DiamondRock Hospitality (DRH), American Water Works (AWK), AUO (AUOTY) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 8/01/2024
• Today: 11/27/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/27/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Construction
• Industry: Prepackaged software
• Sub-Industry: Semiconductors
• Current Symbol: NASDAQ:ALTR
• CUSIP: 02144110
• CIK: 1701732
• Web: www.altair.com
• Phone: (248) 614-2400
• Fax: 248-614-2411
• Employees: 3,200
• Year Founded: 1985

Price Target and Rating

• Average Stock Price Target: $100.71
• High Stock Price Target: $113.00
• Low Stock Price Target: $71.00
• Potential Upside/Downside: -4.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.38
• Trailing P/E Ratio: 277.38
• Forward P/E Ratio: 144.38
• P/E Growth: 12.09
• Net Income: $-8,930,000.00
• Net Margins: 5.10%
• Pretax Margin: 8.15%
• Return on Equity: 7.49%
• Return on Assets: 4.26%

Debt

• Debt-to-Equity Ratio: 0.27
• Current Ratio: 3.27
• Quick Ratio: 3.27

Sales & Book Value

• Annual Sales: $644.66 million
• Price / Sales: 13.91
• Cash Flow: $0.78 per share
• Price / Cash Flow: 135.95
• Book Value: $8.67 per share
• Price / Book: 12.16

Miscellaneous

• Outstanding Shares: 85,081,000
• Free Float: 66,576,000
• Market Cap: $8.97 billion
• Optionable: Optionable
• Beta: 1.44