Qualtrics International (NASDAQ:XM) Sees Unusually-High Trading Volume

Shares of Qualtrics International Inc. (NASDAQ:XMGet Rating) saw an uptick in trading volume on Tuesday . 47,807 shares changed hands during mid-day trading, a decline of 98% from the previous session’s volume of 2,246,201 shares.The stock last traded at $9.51 and had previously closed at $9.79.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on XM. HSBC reduced their price target on Qualtrics International from $40.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. Morgan Stanley dropped their price objective on Qualtrics International from $17.00 to $14.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 19th. Barclays dropped their price objective on Qualtrics International from $16.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 18th. Piper Sandler dropped their price objective on Qualtrics International from $20.00 to $16.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 25th. Finally, Raymond James dropped their price objective on Qualtrics International from $17.00 to $14.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Qualtrics International presently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

Qualtrics International Stock Up 2.7 %

The company has a 50 day simple moving average of $10.71 and a 200-day simple moving average of $11.93.

Qualtrics International (NASDAQ:XMGet Rating) last announced its quarterly earnings data on Monday, October 24th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.06. The company had revenue of $377.53 million during the quarter, compared to analysts’ expectations of $358.55 million. Qualtrics International had a negative return on equity of 55.14% and a negative net margin of 80.46%. Qualtrics International’s revenue for the quarter was up 39.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.53) EPS. Equities research analysts forecast that Qualtrics International Inc. will post -1.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Qualtrics International

Hedge funds have recently modified their holdings of the stock. Apeiron RIA LLC bought a new position in shares of Qualtrics International in the 2nd quarter valued at about $38,000. Signaturefd LLC grew its holdings in Qualtrics International by 68.8% during the first quarter. Signaturefd LLC now owns 1,350 shares of the company’s stock worth $39,000 after purchasing an additional 550 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in Qualtrics International by 338.6% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 5,399 shares of the company’s stock worth $55,000 after purchasing an additional 4,168 shares during the period. Lazard Asset Management LLC bought a new position in Qualtrics International during the third quarter worth about $63,000. Finally, IFP Advisors Inc grew its holdings in Qualtrics International by 2,000.0% during the third quarter. IFP Advisors Inc now owns 2,100 shares of the company’s stock worth $97,000 after purchasing an additional 2,000 shares during the period. Institutional investors own 21.58% of the company’s stock.

About Qualtrics International

(Get Rating)

Qualtrics International Inc operates an experience management platform to manage customer, employee, product, and brand experiences worldwide. The company offers The Qualtrics Experience Management Platform, a system of action that guides users with specific instructions for improvement and automated actions to improve experiences, as well as for listening, understanding, and taking action on both structured and unstructured data.

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