Brokerages Set Alteryx, Inc. (NYSE:AYX) Price Target at $80.73

Shares of Alteryx, Inc. (NYSE:AYXGet Rating) have received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $80.73.

Several equities analysts have weighed in on the company. Piper Sandler increased their target price on Alteryx from $55.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, August 3rd. Rosenblatt Securities increased their price target on Alteryx from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. FBN Securities initiated coverage on Alteryx in a report on Monday, May 23rd. They issued an “outperform” rating and a $80.00 price target for the company. Cowen increased their price target on Alteryx to $75.00 in a report on Tuesday, August 9th. Finally, Needham & Company LLC increased their price target on Alteryx from $68.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, August 15th.

Alteryx Stock Performance

AYX opened at $65.32 on Friday. The stock has a market cap of $4.47 billion, a PE ratio of -14.39 and a beta of 0.65. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 4.61. Alteryx has a 1 year low of $43.45 and a 1 year high of $81.30. The stock’s 50 day simple moving average is $59.37 and its 200-day simple moving average is $59.95.

Alteryx (NYSE:AYXGet Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($1.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.04) by ($0.28). The company had revenue of $180.62 million during the quarter, compared to the consensus estimate of $160.90 million. Alteryx had a negative net margin of 48.42% and a negative return on equity of 75.48%. During the same quarter last year, the company earned ($0.49) earnings per share. Sell-side analysts forecast that Alteryx will post -2.75 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Ancora Advisors LLC acquired a new stake in Alteryx during the 1st quarter valued at approximately $29,000. Signaturefd LLC increased its position in Alteryx by 54.8% during the 1st quarter. Signaturefd LLC now owns 565 shares of the company’s stock valued at $40,000 after purchasing an additional 200 shares during the period. Allworth Financial LP increased its position in Alteryx by 798.7% during the 1st quarter. Allworth Financial LP now owns 674 shares of the company’s stock valued at $48,000 after purchasing an additional 599 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Alteryx during the 1st quarter valued at approximately $50,000. Finally, PNC Financial Services Group Inc. increased its position in Alteryx by 14.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,583 shares of the company’s stock valued at $114,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds own 76.74% of the company’s stock.

Alteryx Company Profile

(Get Rating)

Alteryx, Inc operates in analytic process automation business in the Asia-Pacific, Europe, the Middle East, Africa, Latin America, and internationally. The company's analytics platform enables organizations to enhance business outcomes and the productivity of their business analysts, data scientists, citizen data scientists, and data engineers.

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Analyst Recommendations for Alteryx (NYSE:AYX)

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