Zacks Investment Research Downgrades Datawatch (DWCH) to Sell

Zacks Investment Research lowered shares of Datawatch (NASDAQ:DWCH) from a hold rating to a sell rating in a report issued on Monday.

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. “

Other research analysts have also issued research reports about the company. Craig Hallum set a $18.00 price objective on Datawatch and gave the company a buy rating in a report on Friday, January 5th. ValuEngine upgraded Datawatch from a sell rating to a hold rating in a report on Sunday, December 31st. Finally, Canaccord Genuity restated a hold rating and issued a $10.00 price objective on shares of Datawatch in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Datawatch has an average rating of Hold and a consensus target price of $13.33.

Shares of Datawatch (DWCH) traded up $0.10 during mid-day trading on Monday, reaching $11.60. The company’s stock had a trading volume of 54,559 shares, compared to its average volume of 147,678. The stock has a market cap of $140.36, a price-to-earnings ratio of -35.15, a P/E/G ratio of 8.14 and a beta of 0.81. Datawatch has a 12 month low of $5.40 and a 12 month high of $12.65.

Datawatch (NASDAQ:DWCH) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The firm had revenue of $10.20 million during the quarter, compared to analysts’ expectations of $9.49 million. Datawatch had a negative net margin of 11.01% and a negative return on equity of 6.82%. The business’s quarterly revenue was up 18.6% on a year-over-year basis. equities analysts expect that Datawatch will post 0.07 EPS for the current year.

In other news, CFO James Eliason sold 16,156 shares of Datawatch stock in a transaction on Monday, November 20th. The stock was sold at an average price of $9.91, for a total transaction of $160,105.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael Anthony Morrison sold 24,426 shares of Datawatch stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $10.07, for a total value of $245,969.82. Following the transaction, the chief executive officer now owns 147,465 shares in the company, valued at approximately $1,484,972.55. The disclosure for this sale can be found here. 17.69% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of DWCH. Algert Global LLC raised its holdings in shares of Datawatch by 1,076.7% during the 3rd quarter. Algert Global LLC now owns 130,028 shares of the technology company’s stock worth $1,502,000 after acquiring an additional 118,978 shares during the period. EAM Investors LLC raised its holdings in Datawatch by 62.5% in the 3rd quarter. EAM Investors LLC now owns 240,709 shares of the technology company’s stock valued at $2,780,000 after buying an additional 92,595 shares during the period. Citadel Advisors LLC purchased a new stake in Datawatch in the 2nd quarter valued at about $760,000. Archon Capital Management LLC raised its holdings in Datawatch by 29.2% in the 2nd quarter. Archon Capital Management LLC now owns 351,259 shares of the technology company’s stock valued at $3,267,000 after buying an additional 79,363 shares during the period. Finally, Macquarie Group Ltd. purchased a new stake in Datawatch in the 3rd quarter valued at about $486,000. Institutional investors and hedge funds own 39.54% of the company’s stock.

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Datawatch Company Profile

Datawatch Corporation is engaged in the design, development, marketing, distribution and support of business computer software primarily for the self-service data preparation and visual data discovery markets. The Company also provides services, including implementation and support of its software products, as well as training on their use and administration.

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