Datawatch (DWCH) Lifted to Buy at ValuEngine

ValuEngine upgraded shares of Datawatch (NASDAQ:DWCH) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.

Other equities analysts also recently issued reports about the stock. National Securities reaffirmed a buy rating and issued a $17.00 price target on shares of Datawatch in a research note on Thursday, July 19th. EuroPacific Canada started coverage on shares of Datawatch in a research note on Wednesday, July 25th. They issued a buy rating and a $22.00 price target on the stock. Finally, TheStreet downgraded shares of Datawatch from a c rating to a d+ rating in a research note on Friday, July 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Datawatch has an average rating of Buy and a consensus price target of $19.00.

Shares of NASDAQ DWCH traded down $0.06 during mid-day trading on Tuesday, reaching $13.11. The company had a trading volume of 11,273 shares, compared to its average volume of 363,562. Datawatch has a twelve month low of $7.70 and a twelve month high of $14.20. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $166.55 million, a PE ratio of -119.45 and a beta of 1.55.

Several hedge funds and other institutional investors have recently bought and sold shares of DWCH. Acadian Asset Management LLC increased its stake in shares of Datawatch by 757.3% in the third quarter. Acadian Asset Management LLC now owns 10,810 shares of the technology company’s stock worth $126,000 after acquiring an additional 9,549 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Datawatch during the second quarter worth $163,000. Bank of Montreal Can acquired a new position in Datawatch during the third quarter worth $174,000. Northern Trust Corp increased its position in Datawatch by 24.4% during the first quarter. Northern Trust Corp now owns 32,561 shares of the technology company’s stock worth $282,000 after buying an additional 6,391 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Datawatch by 217.8% during the third quarter. JPMorgan Chase & Co. now owns 33,497 shares of the technology company’s stock worth $390,000 after buying an additional 22,957 shares during the last quarter. 37.67% of the stock is currently owned by institutional investors and hedge funds.

About Datawatch

Datawatch Corporation designs, develops, markets, and distributes business computer software products to self-service data preparation and visual data discovery markets in the United States and internationally. Its software solutions allow organizations to access, analyze, and visualize their information.

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

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