Shares of Momentive Global Inc. (NASDAQ:MNTV – Get Rating) have been assigned a consensus rating of "Moderate Buy" from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $14.42.
MNTV has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their target price on Momentive Global from $12.00 to $10.00 and set an "overweight" rating for the company in a report on Thursday. Credit Suisse Group lowered their target price on Momentive Global from $16.00 to $13.00 and set a "neutral" rating for the company in a report on Friday, November 4th.
Get Momentive Global alerts:Momentive Global Stock Up 5.8 %
Shares of MNTV opened at $7.46 on Friday. The stock has a fifty day simple moving average of $7.34 and a two-hundred day simple moving average of $7.43. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.11 billion, a PE ratio of -8.67 and a beta of 1.50. Momentive Global has a 52-week low of $5.14 and a 52-week high of $18.48.
Momentive Global (NASDAQ:MNTV – Get Rating) last issued its quarterly earnings data on Thursday, November 3rd. The company reported ($0.13) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.14) by $0.01. The firm had revenue of $121.38 million during the quarter, compared to the consensus estimate of $120.50 million. Momentive Global had a negative return on equity of 37.13% and a negative net margin of 26.84%. As a group, equities analysts forecast that Momentive Global will post -0.52 EPS for the current year.Insider Activity
In other news, CEO Alexander J. Lurie sold 19,356 shares of the firm's stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $8.07, for a total transaction of $156,202.92. Following the sale, the chief executive officer now owns 1,471,998 shares of the company's stock, valued at approximately $11,879,023.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Momentive Global news, COO Priyanka Carr sold 9,176 shares of Momentive Global stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $8.07, for a total transaction of $74,050.32. Following the transaction, the chief operating officer now owns 254,148 shares of the company's stock, valued at $2,050,974.36. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Alexander J. Lurie sold 19,356 shares of Momentive Global stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $8.07, for a total value of $156,202.92. Following the transaction, the chief executive officer now directly owns 1,471,998 shares in the company, valued at approximately $11,879,023.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,004 shares of company stock worth $291,274. 17.70% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in MNTV. Nisa Investment Advisors LLC increased its holdings in shares of Momentive Global by 339.6% in the second quarter. Nisa Investment Advisors LLC now owns 4,660 shares of the company's stock valued at $41,000 after purchasing an additional 3,600 shares during the period. Captrust Financial Advisors increased its holdings in shares of Momentive Global by 11,390.9% in the second quarter. Captrust Financial Advisors now owns 6,320 shares of the company's stock valued at $56,000 after purchasing an additional 6,265 shares during the period. Dupont Capital Management Corp acquired a new position in shares of Momentive Global in the third quarter valued at approximately $63,000. CenterBook Partners LP acquired a new position in shares of Momentive Global in the third quarter valued at approximately $71,000. Finally, Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Momentive Global in the third quarter valued at approximately $72,000. Institutional investors and hedge funds own 77.56% of the company's stock.
Momentive Global Company Profile
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Momentive Global Inc provides Software-as-a-Service solutions that help businesses turn stakeholder feedback into action in the United States and internationally. It offers survey software products under the SurveyMonkey brand, that enable customers to listen and take action on stakeholder feedback; GetFeedback CX platform, which enables companies to leverage in-the-moment customer feedback to engage and retain their customers; GetFeedback Essentials provides companies the tools to launch customer experience programs quickly by gathering feedback via email and across their websites, analyzing it in one place, and integrating with their Salesforce CRM platform; GetFeedback Pro, includes the Essentials features and adds feedback collection channels, advanced analytics, automation, and additional pre-built integrations; and GetFeedback Ultimate, comprises the GetFeedback Pro features and adds mobile apps as a feedback collection channel and enables single sign-on.
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