Shares of Datawatch Co. (NASDAQ:DWCH) have earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $16.75.
A number of analysts have recently commented on the company. EuroPacific Canada assumed coverage on Datawatch in a research report on Wednesday, July 25th. They set a “buy” rating and a $22.00 target price on the stock. TheStreet cut Datawatch from a “c” rating to a “d+” rating in a research report on Friday, July 20th. National Securities reiterated a “buy” rating and set a $17.00 target price on shares of Datawatch in a research report on Thursday, July 19th. Finally, ValuEngine upgraded Datawatch from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th.
NASDAQ DWCH traded down $0.35 during trading on Wednesday, reaching $11.85. 2,400 shares of the company’s stock were exchanged, compared to its average volume of 94,086. The company has a market capitalization of $154.07 million, a price-to-earnings ratio of -110.00 and a beta of 1.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.22 and a quick ratio of 1.22. Datawatch has a 1 year low of $7.70 and a 1 year high of $14.20.
Datawatch (NASDAQ:DWCH) last announced its quarterly earnings results on Wednesday, July 18th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.12. Datawatch had a negative return on equity of 0.34% and a negative net margin of 21.61%. The company had revenue of $11.10 million during the quarter, compared to the consensus estimate of $11.81 million. During the same period in the previous year, the business earned $0.02 EPS. Datawatch’s revenue for the quarter was up 22.0% on a year-over-year basis. equities research analysts expect that Datawatch will post -0.13 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Wasatch Advisors Inc. acquired a new stake in shares of Datawatch during the second quarter worth about $2,289,000. Gradient Investments LLC acquired a new stake in shares of Datawatch during the second quarter worth about $813,000. Alambic Investment Management L.P. increased its position in Datawatch by 126.6% in the 1st quarter. Alambic Investment Management L.P. now owns 130,841 shares of the technology company’s stock valued at $1,132,000 after acquiring an additional 73,107 shares during the period. Bank of New York Mellon Corp increased its position in Datawatch by 26.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 69,974 shares of the technology company’s stock valued at $665,000 after acquiring an additional 14,573 shares during the period. Finally, BlackRock Inc. increased its position in Datawatch by 1.3% in the 2nd quarter. BlackRock Inc. now owns 314,509 shares of the technology company’s stock valued at $2,988,000 after acquiring an additional 3,955 shares during the period. Institutional investors and hedge funds own 37.79% of the company’s stock.
Datawatch Corporation designs, develops, markets, and distributes business computer software products to self-service data preparation and visual data discovery markets in the United States and internationally. Its software solutions allow organizations to access, analyze, and visualize their information.
Read More: Do Tariffs Work?
Receive News & Ratings for Datawatch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Datawatch and related companies with MarketBeat.com's FREE daily email newsletter.