UserTesting (USER) – Research Analysts’ Recent Ratings Updates

UserTesting (NYSE: USER) has recently received a number of price target changes and ratings updates:

  • 11/14/2022 – UserTesting was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating.
  • 10/28/2022 – UserTesting was downgraded by analysts at Canaccord Genuity Group Inc. from a “buy” rating to a “hold” rating. They now have a $7.50 price target on the stock, down previously from $8.00.
  • 10/28/2022 – UserTesting was downgraded by analysts at Truist Financial Co. from a “buy” rating to a “hold” rating. They now have a $7.50 price target on the stock, down previously from $8.00.
  • 10/27/2022 – UserTesting had its price target raised by analysts at Piper Sandler from $5.00 to $7.50. They now have an “overweight” rating on the stock.
  • 10/27/2022 – UserTesting was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $7.50 price target on the stock.
  • 10/27/2022 – UserTesting was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating.
  • 10/27/2022 – UserTesting was downgraded by analysts at Needham & Company LLC from a “buy” rating to a “hold” rating.
  • 10/27/2022 – UserTesting was downgraded by analysts at Loop Capital from a “buy” rating to a “hold” rating.
  • 10/20/2022 – UserTesting had its price target lowered by analysts at Piper Sandler from $9.00 to $5.00. They now have an “overweight” rating on the stock.
  • 10/19/2022 – UserTesting was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $4.50 price target on the stock, down previously from $8.50.

UserTesting Price Performance

Shares of USER opened at $7.42 on Tuesday. The firm’s 50 day simple moving average is $4.80 and its 200 day simple moving average is $5.17. The company has a market capitalization of $1.07 billion and a P/E ratio of -13.02. UserTesting Inc has a 1-year low of $3.31 and a 1-year high of $15.98.

Insider Activity at UserTesting

In related news, COO Matt Zelen sold 27,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $7.50, for a total value of $206,250.00. Following the sale, the chief operating officer now directly owns 2,500 shares of the company’s stock, valued at $18,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 38.50% of the stock is currently owned by insiders.

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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