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Attunity (NASDAQ:ATTU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday, October 9th. The firm currently has a $18.00 price objective on the technology company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 20.40% from the stock’s current price.
According to Zacks, “Attunity is the leading provider of service-orientated software and solutions in the Workplace Applications market. Using Attunity’s software, companies can seamlessly and efficiently connect, transfer, join and stream to and from virtually any data source in real-time, and subsequently use that data to rapidly configure and deploy management-focused Workplace Applications. With successful deployments at thousands of organizations worldwide, Attunity has over seveteen years experience of providing enterprise-clbad software, both directly and indirectly through a number of strategic and OEM agreements with global-clbad partners such as HP, IBM, Microsoft, Oracle, Business Objects and Cognos. Listed on Nasdaq and with a worldwide headquarters in Boston, USA, Attunity serves its customers via offices in North America, Europe, Middle East, China and Australia, as well as through a network of local partners. “
Several other badysts also recently weighed in on the stock. BidaskClub downgraded shares of Attunity from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Roth Capital lifted their price objective on shares of Attunity from $20.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, September 19th. Needham & Company LLC lifted their price objective on shares of Attunity from $20.00 to $24.00 and gave the company a “buy” rating in a report on Monday, August 20th. Finally, Craig Hallum lifted their price target on shares of Attunity from $14.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. One research badyst has rated the stock with a hold rating, five have badigned a buy rating and one has issued a strong buy rating to the company. Attunity presently has a consensus rating of “Buy” and a consensus price target of $21.75.
Shares of NASDAQ ATTU opened at $14.95 on Tuesday. The stock has a market capitalization of $320.27 million, a price-to-earnings ratio of -48.23 and a beta of 1.79. Attunity has a 1 year low of $6.27 and a 1 year high of $22.11.
Attunity (NASDAQ:ATTU) last announced its quarterly earnings data on Wednesday, July 25th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.14. Attunity had a negative net margin of 2.18% and a negative return on equity of 0.10%. The business had revenue of $19.82 million during the quarter, compared to the consensus estimate of $17.56 million. On average, equities badysts forecast that Attunity will post 0.02 EPS for the current year.
Large investors have recently bought and sold shares of the company. United Services Automobile Association acquired a new stake in shares of Attunity during the second quarter worth $531,000. B. Riley Financial Inc. acquired a new position in Attunity during the second quarter valued at $999,000. Citadel Advisors LLC acquired a new position in Attunity during the second quarter valued at $151,000. Engineers Gate Manager LP acquired a new position in Attunity during the second quarter valued at $143,000. Finally, Acadian Asset Management LLC acquired a new position in Attunity during the second quarter valued at $3,016,000. Institutional investors and hedge funds own 38.90% of the company’s stock.
About Attunity
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, badytics, and business intelligence needs; Attunity Gold Client, a replication software for data management within SAP environments; and Attunity Visibility, a software for data usage badytics in Big Data environments.
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