BidaskClub Lowers Attunity (ATTU) to Sell

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BidaskClub lowered shares of Attunity (NASDAQ:ATTU) from a hold rating to a sell rating in a research report report published on Thursday morning, BidAskClub reports.

Several other analysts have also recently issued reports on ATTU. Zacks Investment Research raised Attunity from a hold rating to a buy rating and set a $26.00 target price on the stock in a research report on Wednesday. ValuEngine lowered Attunity from a strong-buy rating to a buy rating in a report on Friday, March 1st. Roth Capital lowered Attunity from a buy rating to a neutral rating in a report on Thursday, February 21st. Finally, Craig Hallum lowered Attunity from a buy rating to a hold rating in a report on Thursday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Attunity currently has a consensus rating of Hold and an average price target of $24.75.

Shares of NASDAQ ATTU opened at $23.39 on Thursday. The firm has a market cap of $500.14 million, a price-to-earnings ratio of 73.09, a P/E/G ratio of 3.23 and a beta of 1.94. Attunity has a 12-month low of $7.56 and a 12-month high of $27.32.

Attunity (NASDAQ:ATTU) last announced its earnings results on Thursday, January 31st. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.10. The business had revenue of $25.98 million for the quarter, compared to analysts’ expectations of $23.70 million. Attunity had a return on equity of 11.23% and a net margin of 6.95%. On average, equities research analysts forecast that Attunity will post 0.29 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Oberweis Asset Management Inc. purchased a new stake in shares of Attunity during the 4th quarter valued at $19,406,000. Prescott Group Capital Management L.L.C. raised its stake in Attunity by 7.3% in 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 acquiring an additional 20,900 shares during the last quarter. Disciplined Growth Investors Inc. MN purchased a new position in Attunity in the 3rd quarter worth $5,441,000. Morgan Stanley raised its stake in Attunity by 13,631.7% in the 3rd quarter. Morgan Stanley now owns 213,116 shares of the technology company’s stock worth $4,025,000 after acquiring an additional 211,564 shares during the last quarter. Finally, Tibra Equities Europe Ltd purchased a new position in Attunity in the 1st quarter worth $4,974,000. Hedge funds and other institutional investors own 51.42% of the company’s stock.

About Attunity

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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