ValuEngine Upgrades Attunity (ATTU) to “Strong-Buy”

ValuEngine upgraded shares of Attunity (NASDAQ:ATTU) from a buy rating to a strong-buy rating in a research report report published on Wednesday, ValuEngine reports.

Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Attunity from a hold rating to a buy rating and set a $26.00 target price for the company in a research note on Tuesday, March 19th. BidaskClub lowered shares of Attunity from a strong-buy rating to a buy rating in a research note on Monday, February 4th. Craig Hallum lowered shares of Attunity from a buy rating to a hold rating in a research note on Thursday, January 31st. Finally, Roth Capital lowered shares of Attunity from a buy rating to a neutral rating in a research note on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $24.75.

ATTU stock traded down $0.02 during mid-day trading on Wednesday, hitting $23.42. 408,514 shares of the company were exchanged, compared to its average volume of 644,158. The firm has a market cap of $501.15 million, a PE ratio of 73.19, a price-to-earnings-growth ratio of 3.23 and a beta of 1.89. Attunity has a 12-month low of $9.43 and a 12-month high of $27.32.

Attunity (NASDAQ:ATTU) last announced its earnings results on Thursday, January 31st. The technology company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.10. The company had revenue of $25.98 million during the quarter, compared to analyst estimates of $23.70 million. Attunity had a net margin of 6.95% and a return on equity of 11.23%. As a group, sell-side analysts anticipate that Attunity will post 0.29 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Attunity by 600.5% during the third quarter. BlackRock Inc. now owns 47,345 shares of the technology company’s stock worth $894,000 after purchasing an additional 40,586 shares in the last quarter. Wells Fargo & Company MN acquired a new stake in shares of Attunity during the third quarter worth about $120,000. D.A. Davidson & CO. acquired a new stake in shares of Attunity during the fourth quarter worth about $641,000. Taylor Frigon Capital Management LLC lifted its position in shares of Attunity by 52.2% during the fourth quarter. Taylor Frigon Capital Management LLC now owns 102,618 shares of the technology company’s stock worth $2,020,000 after purchasing an additional 35,216 shares in the last quarter. Finally, Tibra Equities Europe Ltd acquired a new stake in shares of Attunity during the first quarter worth about $4,974,000. 52.04% of the stock is currently owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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