Momentive Global Inc. (NASDAQ:MNTV) Given Consensus Rating of “Hold” by Analysts

Shares of Momentive Global Inc. (NASDAQ:MNTVGet Rating) have been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $33.92.

Separately, Craig Hallum upgraded shares of Momentive Global from a “hold” rating to a “buy” rating and set a $18.50 target price for the company in a research report on Thursday, May 5th.

Hedge Funds Weigh In On Momentive Global

A number of hedge funds have recently modified their holdings of the business. Spectrum Equity Management Inc. raised its stake in Momentive Global by 7.6% during the first quarter. Spectrum Equity Management Inc. now owns 12,224 shares of the company’s stock worth $199,000 after buying an additional 864 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Momentive Global by 6.2% during the first quarter. Teacher Retirement System of Texas now owns 25,985 shares of the company’s stock worth $423,000 after buying an additional 1,521 shares during the last quarter. Strs Ohio raised its stake in Momentive Global by 6.0% during the second quarter. Strs Ohio now owns 28,100 shares of the company’s stock worth $247,000 after buying an additional 1,600 shares during the last quarter. Steph & Co. raised its stake in Momentive Global by 23.0% during the second quarter. Steph & Co. now owns 8,581 shares of the company’s stock worth $76,000 after buying an additional 1,607 shares during the last quarter. Finally, M&T Bank Corp raised its stake in Momentive Global by 3.3% during the fourth quarter. M&T Bank Corp now owns 52,113 shares of the company’s stock worth $1,102,000 after buying an additional 1,680 shares during the last quarter. Institutional investors and hedge funds own 67.71% of the company’s stock.

Momentive Global Trading Up 0.8 %

Shares of MNTV opened at $8.65 on Friday. Momentive Global has a 12-month low of $7.94 and a 12-month high of $25.00. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -9.83 and a beta of 1.41. The stock’s 50-day moving average price is $10.15 and its 200 day moving average price is $13.94.

Momentive Global (NASDAQ:MNTVGet Rating) last announced its earnings results on Wednesday, May 4th. The company reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.03. The business had revenue of $116.99 million for the quarter, compared to the consensus estimate of $116.10 million. Momentive Global had a negative return on equity of 34.50% and a negative net margin of 28.57%. As a group, research analysts predict that Momentive Global will post -0.56 earnings per share for the current year.

About Momentive Global

(Get Rating)

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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