Alteryx Inc (AYX) Given Average Recommendation of “Buy” by Brokerages

Alteryx Inc (NYSE:AYX) has been given an average rating of “Buy” by the ten analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $25.33.

Several equities research analysts recently issued reports on the stock. Cowen reaffirmed an “outperform” rating and issued a $34.00 price objective (up previously from $29.00) on shares of Alteryx in a research note on Thursday, February 22nd. Bank of America lifted their price objective on shares of Alteryx from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Zacks Investment Research lowered shares of Alteryx from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. KeyCorp reaffirmed an “overweight” rating and issued a $35.00 price objective (up previously from $29.00) on shares of Alteryx in a research note on Thursday, February 22nd. Finally, Goldman Sachs Group lowered shares of Alteryx from a “buy” rating to a “neutral” rating and set a $29.00 price objective for the company. in a research note on Wednesday, January 31st.

How to Become a New Pot Stock Millionaire

In related news, CRO Robert Scott Jones sold 40,226 shares of Alteryx stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $33.88, for a total value of $1,362,856.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Dean Stoecker sold 40,000 shares of Alteryx stock in a transaction on Friday, December 29th. The stock was sold at an average price of $25.62, for a total transaction of $1,024,800.00. The disclosure for this sale can be found here. Insiders sold a total of 292,452 shares of company stock worth $8,688,541 in the last quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in AYX. Nationwide Fund Advisors bought a new position in Alteryx in the 2nd quarter worth $100,000. The Manufacturers Life Insurance Company increased its holdings in shares of Alteryx by 685.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,853 shares of the company’s stock worth $154,000 after purchasing an additional 6,853 shares during the period. New York State Common Retirement Fund bought a new position in shares of Alteryx during the 2nd quarter worth about $187,000. Metropolitan Life Insurance Co. NY bought a new position in shares of Alteryx during the 4th quarter worth about $192,000. Finally, Invictus RG bought a new position in shares of Alteryx during the 3rd quarter worth about $202,000. Hedge funds and other institutional investors own 33.12% of the company’s stock.

Alteryx (NYSE:AYX) traded up $0.72 during mid-day trading on Friday, hitting $38.42. 228,766 shares of the company traded hands, compared to its average volume of 721,542. Alteryx has a 1-year low of $14.61 and a 1-year high of $38.88. The firm has a market cap of $2,273.12 and a price-to-earnings ratio of -89.35.

Alteryx (NYSE:AYX) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.05. Alteryx had a negative net margin of 13.30% and a negative return on equity of 8.64%. The business had revenue of $38.60 million during the quarter, compared to analyst estimates of $35.89 million. During the same quarter in the previous year, the business earned ($0.11) EPS. Alteryx’s quarterly revenue was up 54.6% compared to the same quarter last year. research analysts predict that Alteryx will post -0.41 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This report was originally published by Markets Daily and is the sole property of of Markets Daily. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.themarketsdaily.com/2018/03/11/alteryx-inc-ayx-given-average-recommendation-of-buy-by-brokerages.html.

Alteryx Company Profile

Alteryx, Inc is a United States-based provider of self-service data analytics software. The Company offers various products, such as Alteryx Designer, Alteryx Server and Alteryx Analytics Gallery. Alteryx Designer is a repeatable workflow for self-service data analytics. Alteryx Designer allows data analysts by combining data preparation, data blending, and analytics-predictive, statistical and spatial-using the same user interface.

Analyst Recommendations for Alteryx (NYSE:AYX)

Receive News & Ratings for Alteryx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alteryx and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply