Datawatch Corp. (NASDAQ:DWCH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.
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. “
Datawatch Corp. (NASDAQ:DWCH) opened at 7.41 on Thursday. The firm’s market cap is $87.88 million. Datawatch Corp. has a 52-week low of $3.10 and a 52-week high of $7.84. The firm’s 50-day moving average price is $6.87 and its 200-day moving average price is $5.74.
Datawatch Corp. (NASDAQ:DWCH) last announced its quarterly earnings results on Wednesday, July 20th. The company reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.15. Datawatch Corp. had a negative net margin of 52.48% and a negative return on equity of 27.37%. The firm had revenue of $7.40 million for the quarter, compared to analyst estimates of $7.77 million. Equities research analysts expect that Datawatch Corp. will post ($0.70) EPS for the current year.
Several institutional investors have recently bought and sold shares of DWCH. Royce & Associates LP raised its position in Datawatch Corp. by 4.4% in the first quarter. Royce & Associates LP now owns 115,385 shares of the company’s stock worth $571,000 after buying an additional 4,855 shares in the last quarter. Renaissance Technologies LLC raised its position in Datawatch Corp. by 88.5% in the first quarter. Renaissance Technologies LLC now owns 37,700 shares of the company’s stock worth $187,000 after buying an additional 17,700 shares in the last quarter. G2 Investment Partners Management LLC bought a new position in Datawatch Corp. during the second quarter worth approximately $500,000. Vanguard Group Inc. raised its position in Datawatch Corp. by 0.3% in the second quarter. Vanguard Group Inc. now owns 313,460 shares of the company’s stock worth $1,737,000 after buying an additional 800 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised 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 in the last quarter. 27.39% of the stock is currently owned by 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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