Alteryx (NYSE:AYX) Stock Rating Reaffirmed by JMP Securities

Alteryx (NYSE:AYXGet Free Report)‘s stock had its “market outperform” rating reaffirmed by investment analysts at JMP Securities in a note issued to investors on Monday, Benzinga reports. They presently have a $60.00 price target on the stock. JMP Securities’ target price would suggest a potential upside of 25.90% from the stock’s previous close.

A number of other brokerages have also issued reports on AYX. Citigroup reiterated a “neutral” rating and issued a $48.25 price target on shares of Alteryx in a report on Tuesday, December 19th. DA Davidson initiated coverage on Alteryx in a report on Tuesday, November 14th. They set a “neutral” rating and a $40.00 target price for the company. Piper Sandler lowered their target price on Alteryx from $50.00 to $48.25 and set a “neutral” rating for the company in a report on Tuesday, January 2nd. Piper Sandler Companies upped their target price on Alteryx from $30.00 to $32.00 and gave the stock an “underweight” rating in a report on Tuesday, November 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of Alteryx in a report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alteryx has a consensus rating of “Hold” and an average price target of $51.25.

Check Out Our Latest Stock Analysis on AYX

Alteryx Stock Up 0.3 %

Shares of NYSE:AYX opened at $47.66 on Monday. Alteryx has a 1 year low of $27.92 and a 1 year high of $70.63. The business has a 50 day simple moving average of $46.29 and a two-hundred day simple moving average of $38.75. The firm has a market capitalization of $3.42 billion, a PE ratio of -11.54 and a beta of 0.50. The company has a debt-to-equity ratio of 12.51, a current ratio of 1.33 and a quick ratio of 1.33.

Alteryx (NYSE:AYXGet Free Report) last announced its quarterly earnings results on Monday, November 6th. The company reported ($0.60) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.76) by $0.16. The firm had revenue of $232.00 million during the quarter, compared to analyst estimates of $210.24 million. Alteryx had a negative return on equity of 187.36% and a negative net margin of 31.59%. On average, equities analysts predict that Alteryx will post -1.79 EPS for the current year.

Hedge Funds Weigh In On Alteryx

Several hedge funds have recently made changes to their positions in the company. Intrinsic Edge Capital Management LLC grew its position in Alteryx by 431.8% during the 2nd quarter. Intrinsic Edge Capital Management LLC now owns 250,000 shares of the company’s stock worth $11,350,000 after purchasing an additional 202,990 shares during the period. Jump Financial LLC grew its position in Alteryx by 39.7% during the 3rd quarter. Jump Financial LLC now owns 51,729 shares of the company’s stock worth $1,950,000 after purchasing an additional 14,710 shares during the period. Exchange Traded Concepts LLC grew its position in Alteryx by 154.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 58,985 shares of the company’s stock worth $2,223,000 after purchasing an additional 35,782 shares during the period. Marshall Wace LLP grew its position in Alteryx by 584.6% during the 2nd quarter. Marshall Wace LLP now owns 1,651,269 shares of the company’s stock worth $74,968,000 after purchasing an additional 1,410,065 shares during the period. Finally, Panagora Asset Management Inc. acquired a new stake in Alteryx during the 3rd quarter worth about $3,132,000. 72.37% of the stock is owned by institutional investors and hedge funds.

About Alteryx

(Get Free Report)

Alteryx, Inc operates in analytic process automation business in the Asia-Pacific, Europe, the Middle East, Africa, North 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.

Further Reading

Analyst Recommendations for Alteryx (NYSE:AYX)

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