Attunity (ATTU) Stock Rating Reaffirmed by Craig Hallum

Attunity (NASDAQ:ATTU)‘s stock had its “buy” rating reissued by investment analysts at Craig Hallum in a report released on Thursday, The Fly reports. They presently have a $24.00 price target on the technology company’s stock. Craig Hallum’s price objective points to a potential upside of 14.50% from the stock’s current price. The analysts noted that the move was a valuation call.

A number of other brokerages have also weighed in on ATTU. BidaskClub lowered Attunity from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 31st. Zacks Investment Research lowered Attunity from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 25th. Needham & Company LLC increased their target price on Attunity from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, August 20th. Finally, Roth Capital increased their target price on Attunity from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, September 19th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $22.75.

Shares of NASDAQ ATTU opened at $20.96 on Thursday. Attunity has a 1-year low of $6.27 and a 1-year high of $22.11.

Attunity (NASDAQ:ATTU) last announced its earnings results on Thursday, November 1st. The technology company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.20. The company had revenue of $22.22 million for the quarter, compared to analyst estimates of $18.93 million. Attunity had a negative return on equity of 0.10% and a negative net margin of 2.18%. On average, research analysts anticipate that Attunity will post 0.02 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC increased its stake in shares of Attunity by 236.9% during the third quarter. Acadian Asset Management LLC now owns 875,042 shares of the technology company’s stock worth $16,532,000 after purchasing an additional 615,320 shares during the period. Royce & Associates LP increased its stake in Attunity by 52.3% during the 2nd quarter. Royce & Associates LP now owns 650,902 shares of the technology company’s stock worth $7,557,000 after acquiring an additional 223,637 shares during the period. Renaissance Technologies LLC increased its stake in Attunity by 125.2% during the 2nd quarter. Renaissance Technologies LLC now owns 416,100 shares of the technology company’s stock worth $4,831,000 after acquiring an additional 231,320 shares during the period. Essex Investment Management Co. LLC increased its stake in Attunity by 4.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 160,562 shares of the technology company’s stock worth $3,033,000 after acquiring an additional 6,591 shares during the period. Finally, B. Riley Financial Inc. bought a new position in Attunity during the 2nd quarter worth $999,000. Institutional investors own 38.78% of the company’s stock.

Attunity Company Profile

Attunity Ltd., together with its subsidiaries, develops, markets, sells, and supports data integration and Big Data management software solutions worldwide. It offers Attunity Replicate, a data replication software for delivering, sharing, and ensuring the availability of data for meeting business operations, analytics, and business intelligence needs; Attunity Gold Client, a replication software for data management within SAP environments; and Attunity Visibility, a software for data usage analytics in Big Data environments.

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