Datawatch Co. (NASDAQ:DWCH) has received an average rating of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $14.00.
DWCH has been the topic of a number of research reports. Craig Hallum set a $18.00 target price on shares of Datawatch and gave the stock a “buy” rating in a report on Friday, January 5th. Zacks Investment Research cut shares of Datawatch from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Canaccord Genuity reaffirmed a “hold” rating and set a $10.00 price target on shares of Datawatch in a research note on Monday, October 30th. ValuEngine raised shares of Datawatch from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, TheStreet raised shares of Datawatch from a “d” rating to a “c” rating in a research note on Friday, January 26th.
Datawatch (NASDAQ DWCH) traded up $0.45 during trading on Friday, hitting $9.55. 120,500 shares of the stock were exchanged, compared to its average volume of 96,455. Datawatch has a 12-month low of $6.90 and a 12-month high of $12.65.
Datawatch (NASDAQ:DWCH) last posted its earnings results on Thursday, January 25th. The technology company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Datawatch had a negative net margin of 6.89% and a negative return on equity of 3.81%. The firm had revenue of $9.59 million for the quarter, compared to the consensus estimate of $9.28 million. Datawatch’s revenue for the quarter was up 16.4% on a year-over-year basis. research analysts anticipate that Datawatch will post 0.07 earnings per share for the current year.
In related news, CEO Michael Anthony Morrison sold 35,687 shares of Datawatch stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $10.11, for a total transaction of $360,795.57. Following the completion of the transaction, the chief executive officer now directly owns 232,189 shares of the company’s stock, valued at approximately $2,347,430.79. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 9.44% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new stake in Datawatch in the 2nd quarter valued at about $233,000. Northern Trust Corp boosted its position in Datawatch by 4.9% in the 2nd quarter. Northern Trust Corp now owns 24,514 shares of the technology company’s stock valued at $228,000 after buying an additional 1,148 shares during the period. Goldman Sachs Group Inc. boosted its position in Datawatch by 123.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 47,495 shares of the technology company’s stock valued at $442,000 after buying an additional 26,219 shares during the period. Macquarie Group Ltd. purchased a new stake in Datawatch in the 3rd quarter valued at about $486,000. Finally, EAM Investors LLC boosted its position in Datawatch by 62.5% in the 3rd quarter. EAM Investors LLC now owns 240,709 shares of the technology company’s stock valued at $2,780,000 after buying an additional 92,595 shares during the period. 41.66% of the stock is owned by hedge funds and other institutional investors.
Datawatch Company Profile
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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