Datawatch Corporation (DWCH) Given Coverage Optimism Score of 0.14
Media stories about Datawatch Corporation (NASDAQ:DWCH) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Datawatch Corporation earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.7113054001853 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several research analysts recently issued reports on DWCH shares. Zacks Investment Research raised shares of Datawatch Corporation from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a report on Friday, July 21st. Canaccord Genuity increased their price target on shares of Datawatch Corporation from $8.50 to $10.00 and gave the stock a “hold” rating in a report on Thursday, July 20th. Finally, ValuEngine raised shares of Datawatch Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.
Datawatch Corporation (DWCH) remained flat at $10.30 on Friday. The stock had a trading volume of 105,812 shares. The stock has a 50 day moving average price of $10.19 and a 200-day moving average price of $8.68. Datawatch Corporation has a 12 month low of $5.25 and a 12 month high of $11.98. The company’s market cap is $125.65 million.
Datawatch Corporation (NASDAQ:DWCH) last issued its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.08. The firm had revenue of $9.10 million for the quarter, compared to the consensus estimate of $8.83 million. Datawatch Corporation had a negative net margin of 14.74% and a negative return on equity of 10.87%. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. On average, equities research analysts expect that Datawatch Corporation will post ($0.10) earnings per share for the current fiscal year.
In other Datawatch Corporation news, CEO Michael Anthony Morrison sold 14,202 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $9.61, for a total transaction of $136,481.22. Following the sale, the chief executive officer now directly owns 170,001 shares in the company, valued at approximately $1,633,709.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Randy Seidl sold 7,167 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $10.58, for a total transaction of $75,826.86. Following the sale, the director now owns 19,000 shares in the company, valued at $201,020. The disclosure for this sale can be found here. Over the last quarter, insiders sold 108,278 shares of company stock worth $1,177,891. 17.69% of the stock is currently owned by insiders.
Datawatch Corporation Company Profile
Datawatch Corporation is engaged in the design, development, marketing, distribution and support of business computer software primarily for the self-service data preparation and visual data discovery markets. The Company also provides services, including implementation and support of its software products, as well as training on their use and administration.
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