Momentive Global Inc. (NASDAQ:MNTV) Short Interest Up 24.7% in August

Momentive Global Inc. (NASDAQ:MNTVGet Rating) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 3,940,000 shares, an increase of 24.7% from the August 15th total of 3,160,000 shares. Based on an average trading volume of 1,720,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 3.1% of the shares of the stock are sold short.

Momentive Global Price Performance

MNTV stock opened at $7.00 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.87 and a current ratio of 0.87. Momentive Global has a 1 year low of $6.51 and a 1 year high of $25.00. The firm has a market cap of $1.05 billion, a P/E ratio of -8.05 and a beta of 1.37. The stock has a 50-day simple moving average of $7.94 and a 200-day simple moving average of $11.64.

Momentive Global (NASDAQ:MNTVGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.01. The firm had revenue of $120.16 million during the quarter, compared to the consensus estimate of $121.90 million. Momentive Global had a negative return on equity of 35.46% and a negative net margin of 27.77%. On average, equities analysts predict that Momentive Global will post -0.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MNTV has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on Momentive Global from $20.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, August 22nd. Needham & Company LLC dropped their price target on Momentive Global from $19.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, August 8th. Credit Suisse Group dropped their price target on Momentive Global to $16.00 in a research note on Tuesday, August 9th. Finally, Truist Financial dropped their price target on Momentive Global from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, August 8th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.21.

Insider Transactions at Momentive Global

In other news, Director Erika H. James sold 6,103 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $7.15, for a total value of $43,636.45. Following the completion of the transaction, the director now directly owns 33,448 shares of the company’s stock, valued at $239,153.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Erika H. James sold 6,103 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $7.15, for a total value of $43,636.45. Following the completion of the transaction, the director now directly owns 33,448 shares of the company’s stock, valued at $239,153.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Alexander J. Lurie sold 18,830 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $7.63, for a total value of $143,672.90. Following the completion of the transaction, the chief executive officer now directly owns 1,491,354 shares of the company’s stock, valued at $11,379,031.02. The disclosure for this sale can be found here. Insiders sold a total of 64,983 shares of company stock valued at $496,147 over the last three months. 17.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MNTV. Charles Schwab Investment Management Inc. lifted its holdings in Momentive Global by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 918,909 shares of the company’s stock worth $19,435,000 after buying an additional 23,294 shares during the last quarter. Athos Capital Ltd bought a new position in Momentive Global during the 4th quarter worth approximately $2,961,000. State of New Jersey Common Pension Fund D lifted its holdings in Momentive Global by 27.9% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 162,625 shares of the company’s stock worth $2,644,000 after buying an additional 35,480 shares during the last quarter. Hawk Ridge Capital Management LP bought a new position in Momentive Global during the 1st quarter worth approximately $21,688,000. Finally, NewEdge Wealth LLC bought a new position in Momentive Global during the 1st quarter worth approximately $2,571,000. Hedge funds and other institutional investors own 77.95% of the company’s stock.

About Momentive Global

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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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