Datawatch Co. (DWCH) Receives Consensus Recommendation of “Buy” from Analysts
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.
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.
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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