Datawatch (NASDAQ:DWCH) Downgraded by Zacks Investment Research to “Sell”

Datawatch (NASDAQ:DWCH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday, January 8th.

According to Zacks, “Datawatch Corporation is a provider of Enterprise Reporting, Report Mining and Service Center software products that help organizations increase productivity, reduce costs and gain competitive advantages. Datawatch products are used in more than 20,000 companies, institutions and government agencies worldwide. Datawatch is best known for its popular report mining application called Monarch. Monarch lets users extract and manipulate data from ASCII report files produced on any mainframe, midrange, client/server or PC system. “

Other equities analysts also recently issued reports about the company. Craig Hallum set a $18.00 price objective on Datawatch and gave the stock a “buy” rating in a research report on Friday, January 5th. ValuEngine upgraded Datawatch from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $10.00 target price on shares of Datawatch in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Datawatch currently has an average rating of “Hold” and a consensus target price of $13.33.

Datawatch (DWCH) traded up $0.15 on Monday, hitting $11.35. The stock had a trading volume of 34,752 shares, compared to its average volume of 119,825. The firm has a market cap of $139.13, a price-to-earnings ratio of -34.39, a P/E/G ratio of 8.11 and a beta of 0.81. Datawatch has a 12 month low of $5.40 and a 12 month high of $12.65.

Datawatch (NASDAQ:DWCH) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). The business had revenue of $10.20 million during the quarter, compared to analyst estimates of $9.49 million. Datawatch had a negative net margin of 11.01% and a negative return on equity of 6.82%. The firm’s revenue was up 18.6% compared to the same quarter last year. sell-side analysts forecast that Datawatch will post 0.07 EPS for the current fiscal year.

In other Datawatch news, CEO Michael Anthony Morrison sold 24,426 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $10.07, for a total value of $245,969.82. Following the sale, the chief executive officer now directly owns 147,465 shares in the company, valued at $1,484,972.55. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO James Eliason sold 16,156 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $9.91, for a total value of $160,105.96. The disclosure for this sale can be found here. 17.69% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP raised its stake in shares of Datawatch by 38.7% during the 3rd quarter. Trexquant Investment LP now owns 19,138 shares of the technology company’s stock valued at $221,000 after purchasing an additional 5,338 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Datawatch during the 3rd quarter valued at $239,000. Northern Trust Corp raised its stake in shares of Datawatch by 4.9% during the 2nd quarter. Northern Trust Corp now owns 24,514 shares of the technology company’s stock valued at $228,000 after purchasing an additional 1,148 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Datawatch during the 2nd quarter valued at $233,000. Finally, OxFORD Asset Management LLP bought a new stake in shares of Datawatch during the 2nd quarter valued at $300,000. Institutional investors own 39.54% of the company’s stock.

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Datawatch Company Profile

Datawatch Corporation is engaged in the design, development, marketing, distribution and support of business computer software primarily for the self-service data preparation and visual data discovery markets. The Company also provides services, including implementation and support of its software products, as well as training on their use and administration.

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