News articles about Altair Engineering (NASDAQ:ALTR) have trended somewhat positive on Wednesday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Altair Engineering earned a coverage optimism score of 0.02 on Accern’s scale. Accern also gave media stories about the semiconductor manufacturer an impact score of 45.1977567652502 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

A number of equities analysts recently weighed in on ALTR shares. William Blair started coverage on shares of Altair Engineering in a research report on Monday, November 27th. They set an “outperform” rating for the company. Deutsche Bank started coverage on shares of Altair Engineering in a research report on Monday, November 27th. They set a “buy” rating and a $28.00 target price for the company. Royal Bank of Canada started coverage on shares of Altair Engineering in a research report on Monday, November 27th. They set a “sector perform” rating and a $26.00 target price for the company. Canaccord Genuity started coverage on shares of Altair Engineering in a research report on Monday, November 27th. They set a “hold” rating and a $25.00 target price for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Altair Engineering in a research report on Monday, November 27th. They set a “neutral” rating and a $25.00 target price for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $26.00.

Altair Engineering (ALTR) opened at $26.60 on Wednesday. The company has a debt-to-equity ratio of -1.31, a quick ratio of 0.51 and a current ratio of 0.52. Altair Engineering has a 12-month low of $16.55 and a 12-month high of $26.70.

Altair Engineering (NASDAQ:ALTR) last released its quarterly earnings results on Thursday, November 30th. The semiconductor manufacturer reported ($0.59) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.63). The company had revenue of $84.90 million for the quarter, compared to the consensus estimate of $83.07 million. The company’s quarterly revenue was up 8.7% on a year-over-year basis. equities analysts forecast that Altair Engineering will post 0.22 earnings per share for the current fiscal year.

In related news, CEO James Ralph Scapa sold 1,734,996 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $12.09, for a total transaction of $20,976,101.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Gc Investments Llc sold 800,000 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $12.09, for a total transaction of $9,672,000.00. The disclosure for this sale can be found here.

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About Altair Engineering

Altair Engineering Inc is a United States-based software company. The Company is focused on developing engineering software and computing technologies. The Company’s products include HyperWorks, solidThinking, PBS Works, and Carriots. The Company offers a range of solutions such as product engineering, industrial design, and tailored solutions.

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