KeyCorp reaffirmed their overweight rating on shares of Alteryx, Inc. (NYSE:AYX) in a research report sent to investors on Thursday morning. KeyCorp currently has a $29.00 target price on the stock, up from their previous target price of $24.00.
“We are raising our price target to $29 from $24 rolling forward to a 2019 EV/Sales multiple of 7.0x (vs. peers valued at FTM EV/S of 7.0x).”,” the firm’s analyst wrote.
Several other research analysts also recently issued reports on the stock. Bank of America Corporation assumed coverage on shares of Alteryx in a report on Monday, October 16th. They set a buy rating and a $26.00 price objective on the stock. Zacks Investment Research downgraded shares of Alteryx from a buy rating to a hold rating in a report on Tuesday, October 3rd. Finally, Cowen and Company restated an outperform rating and set a $23.00 price objective (up previously from $21.00) on shares of Alteryx in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $21.70.
Alteryx (NYSE AYX) opened at $25.30 on Thursday. Alteryx has a twelve month low of $14.61 and a twelve month high of $26.89.
Alteryx (NYSE:AYX) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.10. The company had revenue of $34.16 million for the quarter, compared to the consensus estimate of $32.06 million. During the same quarter in the previous year, the firm posted ($0.07) EPS. The business’s revenue for the quarter was up 52.1% compared to the same quarter last year. sell-side analysts predict that Alteryx will post -0.47 earnings per share for the current year.
WARNING: This news story was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2017/11/12/alteryx-inc-ayx-earns-overweight-rating-from-keycorp.html.
In related news, major shareholder Qualified Master Fund L. Abdiel bought 55,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was bought at an average cost of $22.87 per share, with a total value of $1,257,850.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Qualified Master Fund L. Abdiel bought 60,000 shares of the company’s stock in a transaction on Friday, September 15th. The stock was bought at an average cost of $18.98 per share, with a total value of $1,138,800.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 2,372,500 shares of company stock worth $50,178,900 and sold 7,700,000 shares worth $155,848,000.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Nationwide Fund Advisors bought a new position in shares of Alteryx in the second quarter worth about $100,000. Tower Research Capital LLC TRC bought a new position in shares of Alteryx in the second quarter worth about $117,000. The Manufacturers Life Insurance Company raised its stake in shares of Alteryx by 685.3% in the second quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock worth $154,000 after acquiring an additional 6,853 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Alteryx in the first quarter worth about $129,000. Finally, New York State Common Retirement Fund bought a new position in shares of Alteryx in the second quarter worth about $187,000. 16.54% of the stock is owned by institutional investors.
Alteryx Company Profile
Alteryx, Inc is a United States-based provider of self-service data analytics software. The Company offers various products, such as Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer is a repeatable workflow for self-service data analytics. Alteryx Designer allows data analysts by combining data preparation, data blending, and analytics-predictive, statistical and spatial-using the same user interface.
Receive News & Ratings for Alteryx Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alteryx Inc. and related companies with MarketBeat.com's FREE daily email newsletter.