Zacks Investment Research upgraded shares of Datawatch Corp. (NASDAQ:DWCH) from a hold rating to a buy rating in a report issued on Wednesday morning. They currently have $8.50 target price on the stock.
According to Zacks, “Datawatch Corporation is a provider of Enterprise Reporting, Report Mining and Service Center software products that help organizations increase productivity, reduce costs and gain competitive advantages. Datawatch products are used in more than 20,000 companies, institutions and government agencies worldwide. Datawatch is best known for its popular report mining application called Monarch. Monarch lets users extract and manipulate data from ASCII report files produced on any mainframe, midrange, client/server or PC system. “
Shares of Datawatch Corp. (NASDAQ:DWCH) opened at 7.41 on Wednesday. The firm’s market cap is $87.88 million. The firm’s 50-day moving average is $6.87 and its 200-day moving average is $5.74. Datawatch Corp. has a 1-year low of $3.10 and a 1-year high of $7.84.
Datawatch Corp. (NASDAQ:DWCH) last released its quarterly earnings results on Wednesday, July 20th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.15. Datawatch Corp. had a negative return on equity of 27.37% and a negative net margin of 52.48%. The firm had revenue of $7.40 million for the quarter, compared to analyst estimates of $7.77 million. On average, analysts anticipate that Datawatch Corp. will post ($0.70) EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Datawatch Corp. by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 67,721 shares of the company’s stock worth $375,000 after buying an additional 303 shares during the period. Bank of New York Mellon Corp increased its stake in Datawatch Corp. by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 18,197 shares of the company’s stock valued at $101,000 after buying an additional 327 shares during the last quarter. Vanguard Group Inc. increased its stake in Datawatch Corp. by 0.3% in the second quarter. Vanguard Group Inc. now owns 313,460 shares of the company’s stock valued at $1,737,000 after buying an additional 800 shares during the last quarter. Royce & Associates LP increased its stake in Datawatch Corp. by 4.4% in the first quarter. Royce & Associates LP now owns 115,385 shares of the company’s stock valued at $571,000 after buying an additional 4,855 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Datawatch Corp. by 88.5% in the first quarter. Renaissance Technologies LLC now owns 37,700 shares of the company’s stock valued at $187,000 after buying an additional 17,700 shares during the last quarter. 27.39% of the stock is owned by hedge funds and other institutional investors.
About Datawatch Corp.
Datawatch Corporation provides visual data discovery software. The Company is engaged in the design, development, marketing, distribution and support of business computer software primarily for the visual data discovery market. Its line of visual data discovery solutions includes Datawatch Desktop, Datawatch Server, Datawatch Modeler, Datawatch Automator, Datawatch RMS and Datawatch Report Manager OnDemand (RMOD).
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