UserTesting (NYSE:USER) Stock Price Down 7.9% Following Analyst Downgrade

UserTesting Inc (NYSE:USER – Get Rating) shares dropped 7.9% during trading on Friday after Raymond James lowered their price target on the stock from $14.00 to $9.00. Raymond James currently has a strong-buy rating on the stock. UserTesting traded as low as $5.36 and last traded at $5.50. Approximately 2,019 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 264,524 shares. The stock had previously closed at $5.97.

Several other equities research analysts have also recently commented on USER. William Blair reaffirmed an “outperform” rating on shares of UserTesting in a research report on Thursday, May 5th. Piper Sandler cut their price objective on shares of UserTesting from $14.00 to $9.00 and set an “overweight” rating on the stock in a research report on Monday, July 18th. Morgan Stanley cut their price objective on shares of UserTesting from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, July 14th. Finally, Oppenheimer cut their price target on shares of UserTesting from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, June 17th. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, UserTesting presently has an average rating of “Buy” and a consensus target price of $12.10.

UserTesting Stock Down 18.4 %

The stock’s fifty day moving average price is $5.66 and its 200-day moving average price is $7.20.

UserTesting (NYSE:USER – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.02. The company had revenue of $45.90 million during the quarter, compared to analyst estimates of $43.58 million. The company’s quarterly revenue was up 47.6% on a year-over-year basis. On average, analysts predict that UserTesting Inc will post -0.63 earnings per share for the current year.

UserTesting Company Profile

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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.