Attunity (NASDAQ:ATTU) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “Attunity is the leading provider of service-orientated software and solutions in the Workplace Applications market. Using Attunity’s software, companies can seamlessly and efficiently connect, transfer, join and stream to and from virtually any data source in real-time, and subsequently use that data to rapidly configure and deploy management-focused Workplace Applications. With successful deployments at thousands of organizations worldwide, Attunity has over seveteen years experience of providing enterprise-class software, both directly and indirectly through a number of strategic and OEM agreements with global-class partners such as HP, IBM, Microsoft, Oracle, Business Objects and Cognos. Listed on Nasdaq and with a worldwide headquarters in Boston, USA, Attunity serves its customers via offices in North America, Europe, Middle East, China and Australia, as well as through a network of local partners. “
Get Attunity alerts:A number of other brokerages have also weighed in on ATTU. TheStreet raised Attunity from a “d+” rating to a “c-” rating in a report on Thursday, April 26th. ValuEngine raised Attunity from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $12.33.
Shares of Attunity opened at $11.72 on Wednesday, Marketbeat.com reports. Attunity has a 1-year low of $6.25 and a 1-year high of $12.39. The firm has a market cap of $243.39 million, a P/E ratio of -37.81 and a beta of 1.58.
Attunity (NASDAQ:ATTU) last announced its quarterly earnings data on Thursday, May 3rd. The technology company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.11. Attunity had a negative return on equity of 8.39% and a negative net margin of 7.58%. The firm had revenue of $18.23 million for the quarter, compared to analyst estimates of $15.94 million. analysts expect that Attunity will post -0.04 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its holdings in Attunity by 24.5% in the fourth quarter. Renaissance Technologies LLC now owns 225,700 shares of the technology company’s stock valued at $1,575,000 after purchasing an additional 44,400 shares during the last quarter. 1492 Capital Management LLC acquired a new stake in Attunity in the fourth quarter valued at $628,000. Deutsche Bank AG grew its holdings in Attunity by 100.4% in the fourth quarter. Deutsche Bank AG now owns 70,956 shares of the technology company’s stock valued at $495,000 after purchasing an additional 35,556 shares during the last quarter. Finally, Whetstone Capital Advisors LLC acquired a new stake in Attunity in the first quarter valued at $242,000. 26.68% of the stock is currently owned by hedge funds and other institutional investors.
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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