Datawatch Co. (DWCH) Given Average Rating of “Buy” by Analysts

Shares of Datawatch Co. (NASDAQ:DWCH) have been given an average rating of “Buy” by the six research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $20.00.

A number of equities analysts recently commented on DWCH shares. ValuEngine downgraded shares of Datawatch from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. National Securities downgraded shares of Datawatch to a “hold” rating in a research note on Monday, November 5th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DWCH. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Datawatch in the third quarter worth $117,000. Acadian Asset Management LLC grew its holdings in Datawatch by 757.3% in the third quarter. Acadian Asset Management LLC now owns 10,810 shares of the technology company’s stock worth $126,000 after purchasing an additional 9,549 shares during the last quarter. Virtu Financial LLC purchased a new position in Datawatch in the third quarter worth $127,000. Russell Investments Group Ltd. purchased a new position in Datawatch in the second quarter worth $163,000. Finally, Bank of Montreal Can purchased a new position in Datawatch in the third quarter worth $174,000. 41.52% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:DWCH remained flat at $$13.09 during trading hours on Monday. 193,024 shares of the company were exchanged, compared to its average volume of 499,330. The company has a market capitalization of $166.68 million, a P/E ratio of 261.80 and a beta of 1.55. Datawatch has a 52 week low of $7.70 and a 52 week high of $14.20. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.25.

Datawatch (NASDAQ:DWCH) last issued its quarterly earnings data on Thursday, November 15th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $11.59 million during the quarter. Datawatch had a negative net margin of 24.71% and a positive return on equity of 2.35%.

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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