Attunity (NASDAQ:ATTU) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday, February 4th.
A number of other research firms have also recently weighed in on ATTU. Craig Hallum restated a “buy” rating and set a $24.00 price objective on shares of Attunity in a research report on Thursday, November 1st. They noted that the move was a valuation call. TheStreet upgraded shares of Attunity from a “c” rating to a “b-” rating in a research report on Friday, November 2nd. Finally, Zacks Investment Research upgraded shares of Attunity from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a research report on Wednesday, November 7th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Attunity has an average rating of “Buy” and an average price target of $24.50.
Shares of ATTU stock traded up $0.02 during trading hours on Monday, hitting $23.40. The company’s stock had a trading volume of 680,152 shares, compared to its average volume of 1,058,893. The company has a market capitalization of $503.36 million, a P/E ratio of 73.13 and a beta of 1.99. Attunity has a 12-month low of $6.97 and a 12-month high of $27.32.
Attunity (NASDAQ:ATTU) last announced its quarterly earnings results on Thursday, January 31st. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.10. The firm had revenue of $25.98 million for the quarter, compared to the consensus estimate of $23.70 million. Attunity had a net margin of 6.95% and a return on equity of 11.23%. As a group, equities analysts forecast that Attunity will post 0.29 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its stake in shares of Attunity by 125.2% in the second quarter. Renaissance Technologies LLC now owns 416,100 shares of the technology company’s stock valued at $4,831,000 after purchasing an additional 231,320 shares during the period. Millennium Management LLC purchased a new position in Attunity in the second quarter worth approximately $950,000. United Services Automobile Association purchased a new position in Attunity in the second quarter worth approximately $531,000. State of New Jersey Common Pension Fund D purchased a new position in Attunity in the third quarter worth approximately $550,000. Finally, First Manhattan Co. purchased a new position in Attunity in the third quarter worth approximately $113,000. 48.95% of the stock is owned by institutional investors.
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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