Attunity Ltd (ATTU) Receives Average Recommendation of “Buy” from Analysts

Share on StockTwits

Shares of Attunity Ltd (NASDAQ:ATTU) have earned an average rating of “Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $24.50.

Several research analysts have recently commented on the company. Craig Hallum boosted their target price on Attunity from $14.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. Needham & Company LLC boosted their target price on Attunity from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. Zacks Investment Research raised Attunity from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a report on Tuesday, July 31st. BidaskClub downgraded Attunity from a “strong-buy” rating to a “buy” rating in a report on Friday, August 31st. Finally, Roth Capital boosted their target price on Attunity from $13.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, July 26th.

Institutional investors and hedge funds have recently made changes to their positions in the company. First Manhattan Co. acquired a new position in shares of Attunity in the 3rd quarter worth approximately $113,000. Wells Fargo & Company MN acquired a new position in shares of Attunity in the 3rd quarter worth approximately $120,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Attunity in the 3rd quarter worth approximately $209,000. Engineers Gate Manager LP acquired a new position in shares of Attunity in the 2nd quarter worth approximately $143,000. Finally, Citadel Advisors LLC acquired a new position in shares of Attunity in the 2nd quarter worth approximately $151,000. 40.11% of the stock is currently owned by institutional investors and hedge funds.

ATTU stock opened at $20.82 on Wednesday. Attunity has a 1-year low of $6.27 and a 1-year high of $23.85. The company has a market capitalization of $487.76 million, a PE ratio of -67.16 and a beta of 1.83.

Attunity (NASDAQ:ATTU) last released its quarterly earnings data on Thursday, November 1st. The technology company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.20. Attunity had a return on equity of 5.97% and a net margin of 2.45%. The company had revenue of $22.22 million for the quarter, compared to analyst estimates of $18.93 million. On average, sell-side analysts predict that Attunity will post 0.23 earnings per share for the current year.

About Attunity

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.

Read More: S&P 500 Index

Receive News & Ratings for Attunity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Attunity and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply