In a report released yesterday, Bhavan Suri from William Blair reiterated a Market Perform rating on Datawatch Corp. (NASDAQ: DWCH). The company’s shares opened today at $4.11.
Suri noted, “Dropping Coverage We are dropping coverage of Datawatch, effective immediately, as a result of our conclusion that the company no longer meets our growth investment criteria. Our final rating was Market Perform. Bhavan Suri +1 312 364 5341 bsuri@williamblair.com David Griffin +1 312 364 8505 dgriffin@williamblair.com Stock Rating: Market Perform Company Profile: Aggressive Growth Symbol: DWCH (NASDAQ) Price: $3.57 (52-Wk.: $4-$8) Market Value (mil.): $56 Long-Term EPS Growth Rate: Dividend/Yield: None Fiscal Year End: September 2015A 2016E 2017E Estimates EPS FY $-0.76 $-0.51 NA CY $-0.42 Sales (mil.) 30 34 NA Valuation FY P/E NM NM NA CY P/E NM NA Trading Data (FactSet) Shares Outstanding (mil.) 12 Float (mil.) 9 Average Daily Volume 38,698 Financial Data (FactSet) Book Value Per Share (MRQ) 3.9 Return on Equity (TTM) -73.0 Two-Year Price Performance Chart Sources: FactSet, William Blair & Company estimates Jan-15 Jan-16 $5 $10 $15 $20 $25 $30 $35 Datawatch is a global provider of business intelligence software.”
Datawatch Corp. has an analyst consensus of Hold.
Based on Datawatch Corp.`s latest earnings report from September 30, the company posted quarterly revenue of $8.02M and quarterly net profit of -$2.98M. In comparison, last year the company earned revenue of $6.96M and had a net profit of -$36.88M.
Unlike William Blair`s latest rating, based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DWCH in relation to earlier this year. Most recently, in November 2015, David Mahoney, a a Director at DWCH bought 5,000 shares for a total of $28,800.
According to TipRanks.com, Suri is a 2-star analyst with an average return of -1.5% and a 40.2% success rate. Suri covers the Technology sector, focusing on stocks such as Sapiens International Corporation, Magic Software Enterprises Ltd, and SS&C Technologies Holdings.
Datawatch Corp provides visual data discovery software that optimizes multiple sources and a variety of data that delivers next generation analytics to reveal insights for improving business.