Attunity (ATTU) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Attunity (NASDAQ:ATTU) from a hold rating to a buy rating in a report released on Thursday morning, Zacks.com reports. Zacks Investment Research currently has $26.00 price objective on the technology company’s stock.

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-class software, both directly and indirectly through a number of strategic and OEM agreements with global-class 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. “

A number of other brokerages have also recently commented on ATTU. BidaskClub raised shares of Attunity from a buy rating to a strong-buy rating in a research note on Thursday, January 17th. Craig Hallum cut shares of Attunity from a buy rating to a hold rating in a research note on Thursday, January 31st. Roth Capital cut shares of Attunity from a buy rating to a neutral rating in a research note on Thursday, February 21st. Finally, ValuEngine raised shares of Attunity from a buy rating to a strong-buy rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $24.75.

Shares of NASDAQ:ATTU opened at $23.42 on Thursday. Attunity has a 52 week low of $9.43 and a 52 week high of $27.32. The firm has a market capitalization of $500.79 million, a price-to-earnings ratio of 73.19, a price-to-earnings-growth ratio of 3.23 and a beta of 1.89.

Attunity (NASDAQ:ATTU) last issued its quarterly earnings data on Thursday, January 31st. The technology company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.10. Attunity had a net margin of 6.95% and a return on equity of 11.23%. The business had revenue of $25.98 million during the quarter, compared to analysts’ expectations of $23.70 million. As a group, sell-side analysts anticipate that Attunity will post 0.29 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the stock. Water Island Capital LLC purchased a new position in shares of Attunity during the 1st quarter worth about $23,397,000. Oberweis Asset Management Inc. purchased a new position in shares of Attunity during the 4th quarter worth about $19,406,000. Prescott Group Capital Management L.L.C. boosted its stake in shares of Attunity by 7.3% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 307,071 shares of the technology company’s stock worth $6,043,000 after purchasing an additional 20,900 shares during the period. Gabelli Funds LLC purchased a new position in shares of Attunity during the 1st quarter worth about $6,097,000. Finally, Morgan Stanley boosted its stake in shares of Attunity by 13,631.7% during the 3rd quarter. Morgan Stanley now owns 213,116 shares of the technology company’s stock worth $4,025,000 after purchasing an additional 211,564 shares during the period. 52.04% of the stock is owned by hedge funds and other institutional investors.

Attunity Company Profile

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, analytics, and business intelligence needs; Attunity Gold Client, a replication software for data management within SAP environments; and Attunity Visibility, a software for data usage analytics in Big Data environments.

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