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NASDAQ:ALTR

Altair Engineering (ALTR) Stock Price, News & Analysis

Altair Engineering logo
$111.85 0.00 (0.00%)
As of 03/26/2025

About Altair Engineering Stock (NASDAQ:ALTR)

Key Stats

Today's Range
$111.85
$111.85
50-Day Range
$110.20
$112.73
52-Week Range
$75.71
$113.12
Volume
N/A
Average Volume
692,054 shs
Market Capitalization
$9.60 billion
P/E Ratio
657.94
Dividend Yield
N/A
Price Target
$100.83
Consensus Rating
Reduce

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.

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Altair Engineering Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
67th Percentile Overall Score

ALTR MarketRank™: 

Altair Engineering scored higher than 67% of companies evaluated by MarketBeat, and ranked 305th out of 662 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Altair Engineering has received a consensus rating of Reduce. The company's average rating score is 1.88, and is based on no buy ratings, 7 hold ratings, and 1 sell rating.

  • Amount of Analyst Coverage

    Altair Engineering has only been the subject of 2 research reports in the past 90 days.

  • Read more about Altair Engineering's stock forecast and price target.
  • Earnings Growth

    Earnings for Altair Engineering are expected to grow by 48.28% in the coming year, from $0.87 to $1.29 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Altair Engineering is 657.94, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 22.55.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Altair Engineering is 657.94, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 42.12.

  • Price to Earnings Growth Ratio

    Altair Engineering has a PEG Ratio of 10.75. 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 11.11. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Altair Engineering's valuation and earnings.
  • Percentage of Shares Shorted

    8.49% of the float of Altair Engineering has been sold short.
  • Short Interest Ratio / Days to Cover

    Altair Engineering has a short interest ratio ("days to cover") of 6.9.
  • Change versus previous month

    Short interest in Altair Engineering has recently increased by 14.84%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Altair Engineering does not currently pay a dividend.

  • Dividend Growth

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

  • Dividend Coverage

    The dividend payout ratio of Altair Engineering is 423.53%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Altair Engineering will have a dividend payout ratio of 55.81% next year. This indicates that Altair Engineering will be able to sustain or increase its dividend.

  • Read more about Altair Engineering's dividend.
  • Percentage of Shares Shorted

    8.49% of the float of Altair Engineering has been sold short.
  • Short Interest Ratio / Days to Cover

    Altair Engineering has a short interest ratio ("days to cover") of 6.9.
  • Change versus previous month

    Short interest in Altair Engineering has recently increased by 14.84%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Altair Engineering has a news sentiment score of 1.38. 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 0.65 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 9 news articles for Altair Engineering this week, compared to 8 articles on an average week.
  • Search Interest

    1 people have searched for ALTR on MarketBeat in the last 30 days.
  • 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 $1,356,847.00 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.

  • Read more about Altair Engineering's insider trading history.
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ALTR Stock News Headlines

Trump Allies Confirm Exec Order 14024 Triggers Dollar Collapse
Executive Order 14024 is paving the way for irreversible damage to the dollar's value—threatening your wealth, your savings, and your retirement. When the dollar collapses, your savings could disappear overnight. With Trump threatening Russia with more sanctions, Russia is rushing to finalize their BRICS payment system aimed to destroy the U.S dollar.
Cava Group to replace Altair in S&P 400 at open on 3/31
Altair, JetZero partner on aerospace innovation
See More Headlines

ALTR Stock Analysis - Frequently Asked Questions

Altair Engineering's stock was trading at $109.11 on January 1st, 2025. Since then, ALTR stock has increased by 2.5% and is now trading at $111.85.
View the best growth stocks for 2025 here
.

Altair Engineering Inc. (NASDAQ:ALTR) posted its quarterly earnings data on Thursday, February, 20th. The software reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.15. The software had revenue of $192.63 million for the quarter, compared to the consensus estimate of $182.98 million. Altair Engineering had a trailing twelve-month return on equity of 8.08% and a net margin of 2.13%.

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

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 acted as the underwriters for the IPO and William Blair and Canaccord Genuity were co-managers.

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.

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
2/20/2025
Today
4/02/2025
Next Earnings (Estimated)
5/01/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Prepackaged software
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:ALTR
Employees
3,000
Year Founded
1985

Price Target and Rating

Average Stock Price Target
$100.83
High Stock Price Target
$113.00
Low Stock Price Target
$71.00
Potential Upside/Downside
-9.8%
Consensus Rating
Reduce
Rating Score (0-4)
1.88
Research Coverage
8 Analysts

Profitability

Trailing P/E Ratio
657.94
Forward P/E Ratio
128.56
P/E Growth
10.75
Net Income
$14.18 million
Pretax Margin
4.90%

Debt

Sales & Book Value

Annual Sales
$665.79 million
Cash Flow
$1.24 per share
Price / Cash Flow
90.15
Book Value
$10.07 per share
Price / Book
11.11

Miscellaneous

Free Float
66,576,000
Market Cap
$9.60 billion
Optionable
Optionable
Beta
1.45

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This page (NASDAQ:ALTR) was last updated on 4/2/2025 by MarketBeat.com Staff
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