Datawatch (NASDAQ:DWCH) Lifted to “Hold” at Zacks Investment Research

Datawatch (NASDAQ:DWCH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, January 2nd.

According to Zacks, “Datawatch Corporation is a provider of Enterprise Reporting, Report Mining and Service Center software products that help organizations increase productivity, reduce costs and gain competitive advantages. Datawatch products are used in more than 20,000 companies, institutions and government agencies worldwide. Datawatch is best known for its popular report mining application called Monarch. Monarch lets users extract and manipulate data from ASCII report files produced on any mainframe, midrange, client/server or PC system. “

A number of other equities research analysts have also recently issued reports on the company. Canaccord Genuity restated a “hold” rating and set a $10.00 price objective on shares of Datawatch in a report on Monday, October 30th. ValuEngine upgraded Datawatch from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Datawatch currently has an average rating of “Hold” and a consensus price target of $13.33.

Datawatch (NASDAQ:DWCH) traded up $0.35 during trading on Tuesday, reaching $11.50. The company had a trading volume of 131,200 shares, compared to its average volume of 159,325. Datawatch has a fifty-two week low of $5.40 and a fifty-two week high of $12.65. The company has a market capitalization of $140.36, a PE ratio of -34.85, a P/E/G ratio of 8.14 and a beta of 0.81.

Datawatch (NASDAQ:DWCH) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Datawatch had a negative return on equity of 6.82% and a negative net margin of 11.01%. The business had revenue of $10.20 million for the quarter, compared to the consensus estimate of $9.49 million. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. research analysts expect that Datawatch will post 0.07 EPS for the current year.

In other news, CFO James Eliason sold 16,156 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $9.91, for a total transaction of $160,105.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Anthony Morrison sold 24,426 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $10.07, for a total transaction of $245,969.82. Following the transaction, the chief executive officer now owns 147,465 shares of the company’s stock, valued at $1,484,972.55. The disclosure for this sale can be found here. 17.69% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Trexquant Investment LP increased its holdings in shares of Datawatch by 38.7% during the third quarter. Trexquant Investment LP now owns 19,138 shares of the technology company’s stock worth $221,000 after buying an additional 5,338 shares in the last quarter. Northern Trust Corp grew its stake in shares of Datawatch by 4.9% in the second quarter. Northern Trust Corp now owns 24,514 shares of the technology company’s stock worth $228,000 after purchasing an additional 1,148 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Datawatch in the second quarter worth $233,000. GSA Capital Partners LLP bought a new stake in shares of Datawatch in the third quarter worth $239,000. Finally, OxFORD Asset Management LLP bought a new stake in shares of Datawatch in the second quarter worth $300,000. Institutional investors own 39.54% of the company’s stock.

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About Datawatch

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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