Altair Engineering Inc. (ALTR)

Market Cap	7.28B
Revenue (ttm)	619.58M
Net Income (ttm)	9.58M
Shares Out	83.03M
EPS (ttm)	0.12
PE Ratio	730.58
Forward PE	69.35
Dividend	n/a
Ex-Dividend Date	n/a

Volume	374,589
Open	88.76
Previous Close	87.17
Day's Range	87.25 - 90.06
52-Week Range	57.59 - 101.39
Beta	1.48
Analysts	Buy
Price Target	94.60 (+7.91%)
Earnings Date	Aug 1, 2024

About ALTR

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 ...

• Industry: Software - Infrastructure
• Sector: Technology
• IPO Date: Nov 1, 2017
• Employees: 3,400
• Stock Exchange: NASDAQ
• Ticker Symbol: ALTR

Financial Performance

In 2023, ALTR's revenue was $612.70 million, an increase of 7.07% compared to the previous year's $572.22 million. Losses were -$8.93 million, -79.45% less than in 2022.

Analyst Forecast

According to 5 analysts, the average rating for ALTR stock is "Buy." The 12-month stock price forecast is $94.6, which is an increase of 7.91% from the latest price.

Price Target

$94.6

(7.91% upside)

Analyst Consensus: Buy