Datawatch Co. (DWCH) Receives Consensus Rating of “Buy” from Analysts

Shares of Datawatch Co. (NASDAQ:DWCH) have been given an average rating of “Buy” by the six research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $13.83.

DWCH has been the topic of several recent analyst reports. Zacks Investment Research upgraded Datawatch from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. ValuEngine cut Datawatch from a “sell” rating to a “strong sell” rating in a research note on Tuesday, April 24th. Finally, National Securities reiterated a “buy” rating and set a $13.50 target price on shares of Datawatch in a research note on Thursday, April 26th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trellus Management Company LLC bought a new stake in Datawatch in the 1st quarter valued at about $207,000. Goldman Sachs Group Inc. bought a new stake in Datawatch in the 4th quarter valued at about $236,000. Northern Trust Corp raised its stake in Datawatch by 24.4% in the 1st quarter. Northern Trust Corp now owns 32,561 shares of the technology company’s stock valued at $282,000 after acquiring an additional 6,391 shares during the period. Bank of New York Mellon Corp raised its stake in Datawatch by 165.9% in the 4th quarter. Bank of New York Mellon Corp now owns 41,749 shares of the technology company’s stock valued at $397,000 after acquiring an additional 26,048 shares during the period. Finally, Spark Investment Management LLC bought a new stake in Datawatch in the 4th quarter valued at about $442,000. Institutional investors own 37.96% of the company’s stock.

Datawatch traded down $0.25, hitting $9.35, during mid-day trading on Monday, according to Marketbeat.com. The company’s stock had a trading volume of 45,527 shares, compared to its average volume of 56,822. Datawatch has a twelve month low of $7.40 and a twelve month high of $12.65. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.26. The company has a market cap of $122.20 million, a P/E ratio of -85.00 and a beta of 1.11.

Datawatch (NASDAQ:DWCH) last posted its quarterly earnings results on Wednesday, April 25th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). Datawatch had a negative net margin of 15.72% and a negative return on equity of 2.61%. The business had revenue of $9.40 million during the quarter, compared to the consensus estimate of $9.80 million. During the same quarter last year, the firm posted ($0.02) EPS. Datawatch’s revenue was up 7.3% compared to the same quarter last year.

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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