Datawatch Co. (NASDAQ:DWCH) has been given an average rating of “Hold” by the six research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $14.00.
A number of equities research analysts have weighed in on DWCH shares. Craig Hallum set a $18.00 price target on shares of Datawatch and gave the company a “buy” rating in a report on Friday, January 5th. Zacks Investment Research downgraded shares of Datawatch from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Canaccord Genuity reissued a “hold” rating and issued a $10.00 price target on shares of Datawatch in a report on Monday, October 30th. ValuEngine raised shares of Datawatch from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Finally, TheStreet raised shares of Datawatch from a “d” rating to a “c” rating in a report on Friday, January 26th.
In other Datawatch news, CEO Michael Anthony Morrison sold 35,687 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $10.11, for a total value of $360,795.57. Following the completion of the sale, the chief executive officer now directly owns 232,189 shares of the company’s stock, valued at approximately $2,347,430.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.69% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of DWCH. Allianz Asset Management GmbH lifted its stake in Datawatch by 147.5% during the fourth quarter. Allianz Asset Management GmbH now owns 277,394 shares of the technology company’s stock valued at $2,635,000 after buying an additional 165,300 shares in the last quarter. Algert Global LLC lifted its stake in Datawatch by 1,076.7% during the third quarter. Algert Global LLC now owns 130,028 shares of the technology company’s stock valued at $1,502,000 after buying an additional 118,978 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Datawatch by 14.4% during the fourth quarter. Renaissance Technologies LLC now owns 922,400 shares of the technology company’s stock valued at $8,763,000 after buying an additional 116,393 shares in the last quarter. Cooper Creek Partners Management LLC purchased a new stake in Datawatch during the fourth quarter valued at about $980,000. Finally, EAM Investors LLC lifted its stake in Datawatch by 62.5% during the third quarter. EAM Investors LLC now owns 240,709 shares of the technology company’s stock valued at $2,780,000 after buying an additional 92,595 shares in the last quarter. 41.66% of the stock is owned by institutional investors.
Datawatch (NASDAQ DWCH) opened at $9.10 on Friday. The stock has a market cap of $108.70, a PE ratio of -41.36, a P/E/G ratio of 6.29 and a beta of 1.11. Datawatch has a 12-month low of $6.90 and a 12-month high of $12.65.
Datawatch (NASDAQ:DWCH) last issued its quarterly earnings results on Thursday, January 25th. The technology company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.01. Datawatch had a negative net margin of 6.89% and a negative return on equity of 3.81%. The company had revenue of $9.59 million during the quarter, compared to the consensus estimate of $9.28 million. Datawatch’s revenue was up 16.4% compared to the same quarter last year. sell-side analysts expect that Datawatch will post 0.07 earnings per share for the current year.
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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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