Qualtrics International (NASDAQ:XM – Get Rating) had its target price decreased by research analysts at Truist Financial from $26.00 to $16.00 in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 43.76% from the company’s current price.
Several other equities analysts also recently issued reports on XM. BMO Capital Markets dropped their price target on shares of Qualtrics International from $14.50 to $13.00 and set an “outperform” rating for the company in a research note on Tuesday. Raymond James reduced their price target on shares of Qualtrics International from $35.00 to $17.00 in a report on Thursday, July 21st. Barclays reduced their price objective on shares of Qualtrics International from $16.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, October 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Qualtrics International from $33.00 to $18.00 in a report on Thursday, July 21st. Finally, Evercore ISI cut their price target on shares of Qualtrics International from $25.00 to $16.00 and set an “outperform” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.
Qualtrics International Price Performance
Qualtrics International stock traded up $0.65 during trading hours on Tuesday, hitting $11.13. The company had a trading volume of 157,684 shares, compared to its average volume of 1,542,407. The firm has a 50-day moving average of $11.32 and a 200 day moving average of $14.13. Qualtrics International has a one year low of $9.32 and a one year high of $47.54. The firm has a market cap of $6.47 billion, a PE ratio of -5.25 and a beta of 1.54.
Qualtrics International (NASDAQ:XM – Get Rating) last posted its quarterly earnings results on Monday, October 24th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.06. The business had revenue of $377.53 million for the quarter, compared to analyst estimates of $358.55 million. Qualtrics International had a negative net margin of 91.22% and a negative return on equity of 75.46%. The firm’s revenue for the quarter was up 39.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.53) EPS. As a group, research analysts expect that Qualtrics International will post -1.78 earnings per share for the current year.
Institutional Investors Weigh In On Qualtrics International
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Qualtrics International by 32.3% in the first quarter. Vanguard Group Inc. now owns 7,460,496 shares of the company’s stock valued at $212,997,000 after purchasing an additional 1,819,875 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Qualtrics International by 38.4% during the second quarter. Goldman Sachs Group Inc. now owns 5,305,118 shares of the company’s stock worth $66,367,000 after buying an additional 1,472,100 shares during the period. General Catalyst Group Management LLC boosted its stake in Qualtrics International by 0.6% during the first quarter. General Catalyst Group Management LLC now owns 4,337,186 shares of the company’s stock worth $123,827,000 after buying an additional 23,831 shares during the period. Wellington Management Group LLP boosted its stake in Qualtrics International by 22.9% during the first quarter. Wellington Management Group LLP now owns 4,286,108 shares of the company’s stock worth $122,368,000 after buying an additional 798,977 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in Qualtrics International by 1,086.8% during the first quarter. Assenagon Asset Management S.A. now owns 3,999,847 shares of the company’s stock worth $114,196,000 after buying an additional 3,662,831 shares during the period. Institutional investors own 21.58% of the company’s stock.
About Qualtrics International
Qualtrics International Inc operates an experience management platform to manage customer, employee, product, and brand experiences worldwide. The company offers The Qualtrics Experience Management Platform, a system of action that guides users with specific instructions for improvement and automated actions to improve experiences, as well as for listening, understanding, and taking action on both structured and unstructured data.