Datawatch Co. (NASDAQ:DWCH) has received a consensus rating of “Buy” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $16.75.

DWCH has been the topic of several recent analyst reports. TheStreet cut Datawatch from a “c” rating to a “d+” rating in a research report on Friday, July 20th. EuroPacific Canada initiated coverage on Datawatch in a research report on Wednesday, July 25th. They set a “buy” rating and a $22.00 target price on the stock. ValuEngine upgraded Datawatch from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. Finally, National Securities reiterated a “buy” rating and set a $17.00 target price on shares of Datawatch in a research report on Thursday, July 19th.

NASDAQ DWCH traded down $0.35 on Wednesday, hitting $11.85. 2,400 shares of the company’s stock were exchanged, compared to its average volume of 94,086. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.25. Datawatch has a fifty-two week low of $7.70 and a fifty-two week high of $14.20. The stock has a market capitalization of $154.07 million, a price-to-earnings ratio of -110.00 and a beta of 1.49.

Datawatch (NASDAQ:DWCH) last released its earnings results on Wednesday, July 18th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.12. Datawatch had a negative return on equity of 0.34% and a negative net margin of 21.61%. The company had revenue of $11.10 million for the quarter, compared to analysts’ expectations of $11.81 million. During the same quarter in the previous year, the firm posted $0.02 EPS. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. equities analysts forecast that Datawatch will post -0.13 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Datawatch by 1.3% during the 2nd quarter. BlackRock Inc. now owns 314,509 shares of the technology company’s stock worth $2,988,000 after acquiring an additional 3,955 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Datawatch by 24.4% during the 1st quarter. Northern Trust Corp now owns 32,561 shares of the technology company’s stock worth $282,000 after acquiring an additional 6,391 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Datawatch by 26.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 69,974 shares of the technology company’s stock worth $665,000 after acquiring an additional 14,573 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Datawatch during the 2nd quarter worth approximately $163,000. Finally, Alambic Investment Management L.P. boosted its stake in shares of Datawatch by 126.6% during the 1st quarter. Alambic Investment Management L.P. now owns 130,841 shares of the technology company’s stock worth $1,132,000 after acquiring an additional 73,107 shares in the last quarter. 37.79% of the stock is currently owned by institutional investors and hedge funds.

About Datawatch

Datawatch Corporation designs, develops, markets, and distributes business computer software products to self-service data preparation and visual data discovery markets in the United States and internationally. Its software solutions allow organizations to access, analyze, and visualize their information.

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