Datawatch Corp. (DWCH) Upgraded to Buy by Zacks Investment Research
Zacks Investment Research upgraded shares of Datawatch Corp. (NASDAQ:DWCH) from a hold rating to a buy rating in a report published on Wednesday. The brokerage currently has $8.50 price objective 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. “
Datawatch Corp. (NASDAQ:DWCH) opened at 7.50 on Wednesday. Datawatch Corp. has a 1-year low of $3.10 and a 1-year high of $7.84. The firm’s market capitalization is $88.94 million. The company’s 50-day moving average price is $6.77 and its 200-day moving average price is $5.71.
Datawatch Corp. (NASDAQ:DWCH) last posted its earnings results on Wednesday, July 20th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.15. The business earned $7.40 million during the quarter, compared to the consensus estimate of $7.77 million. Datawatch Corp. had a negative return on equity of 27.37% and a negative net margin of 52.48%. Equities research analysts expect that Datawatch Corp. will post ($0.70) earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in DWCH. Royce & Associates LP raised its position in shares of 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 during the last quarter. Renaissance Technologies LLC raised its position in shares of 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 during the last quarter. Bank of New York Mellon Corp raised its position in shares of 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 worth $101,000 after buying an additional 327 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Datawatch Corp. during the second quarter worth $558,000. Finally, Dimensional Fund Advisors LP raised its position in shares of 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 last quarter. Institutional investors own 27.39% of the company’s stock.
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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