UserTesting (NYSE:USER) Price Target Lowered to $12.00 at Oppenheimer

UserTesting (NYSE:USERGet Rating) had its price objective dropped by stock analysts at Oppenheimer from $14.00 to $12.00 in a research report issued to clients and investors on Friday, The Fly reports. Oppenheimer’s price target would suggest a potential upside of 130.77% from the company’s current price.

A number of other equities analysts have also recently commented on USER. William Blair reaffirmed an “outperform” rating on shares of UserTesting in a report on Thursday, May 5th. JPMorgan Chase & Co. cut their target price on shares of UserTesting from $14.00 to $13.00 in a report on Tuesday, March 1st. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, UserTesting has a consensus rating of “Buy” and a consensus target price of $13.40.

Shares of NYSE:USER opened at $5.20 on Friday. The firm’s 50 day moving average price is $6.64 and its 200 day moving average price is $7.82. UserTesting has a fifty-two week low of $4.14 and a fifty-two week high of $15.98.

UserTesting (NYSE:USERGet Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02. The company had revenue of $45.90 million for the quarter, compared to analyst estimates of $43.58 million. UserTesting’s quarterly revenue was up 47.6% compared to the same quarter last year. As a group, analysts predict that UserTesting will post -0.63 earnings per share for the current fiscal year.

UserTesting Company Profile (Get Rating)

UserTesting, Inc engages in the operation of a software-as-a-service (SaaS) platform that enables organizations to know experiences of people as they engage with products, designs, apps, processes, concepts, or brands in the United States, the United Kingdom, and internationally. Its platform captures customer perspectives from targeted audiences who share their thoughts for digital, real-world, or omnichannel experiences.

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