Alteryx, Inc. (NYSE:AYX) Receives Consensus Recommendation of “Hold” from Analysts

Alteryx, Inc. (NYSE:AYX) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $50.86.

AYX has been the subject of several analyst reports. JMP Securities cut their price target on Alteryx from $95.00 to $60.00 and set a “market outperform” rating for the company in a research note on Tuesday, August 8th. DA Davidson initiated coverage on Alteryx in a report on Tuesday, November 14th. They set a “neutral” rating and a $40.00 price objective on the stock. Piper Sandler Companies upped their price objective on Alteryx from $30.00 to $32.00 and gave the stock an “underweight” rating in a report on Tuesday, November 7th. William Blair initiated coverage on Alteryx in a report on Thursday, August 31st. They set a “market perform” rating on the stock. Finally, Bank of America dropped their price objective on Alteryx from $70.00 to $64.00 in a report on Tuesday, August 8th.

Hedge Funds Weigh In On Alteryx

Several hedge funds have recently modified their holdings of AYX. Ancora Advisors LLC acquired a new position in shares of Alteryx in the 1st quarter worth $29,000. Fortis Capital Advisors LLC acquired a new stake in Alteryx during the first quarter valued at $36,000. Coppell Advisory Solutions Corp. acquired a new stake in Alteryx during the fourth quarter valued at $54,000. PNC Financial Services Group Inc. boosted its position in Alteryx by 165.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,482 shares of the company’s stock valued at $56,000 after purchasing an additional 924 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Alteryx by 32.1% in the third quarter. CWM LLC now owns 1,638 shares of the company’s stock worth $62,000 after buying an additional 398 shares during the last quarter. 72.37% of the stock is currently owned by institutional investors and hedge funds.

Alteryx Price Performance

Alteryx stock opened at $39.28 on Thursday. Alteryx has a 12 month low of $27.92 and a 12 month high of $70.63. The company has a debt-to-equity ratio of 12.51, a current ratio of 1.33 and a quick ratio of 1.33. The business has a 50 day simple moving average of $35.46 and a 200-day simple moving average of $37.01. The stock has a market capitalization of $2.82 billion, a PE ratio of -9.51 and a beta of 0.42.

About Alteryx

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.