Momentive Global (NASDAQ:MNTV) Price Target Cut to $10.00 by Analysts at Wells Fargo & Company

Momentive Global (NASDAQ:MNTVGet Rating) had its target price dropped by analysts at Wells Fargo & Company from $12.00 to $10.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential upside of 34.05% from the stock’s previous close.

Separately, Credit Suisse Group lowered their price objective on Momentive Global from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, November 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.42.

Momentive Global Price Performance

MNTV stock opened at $7.46 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.83 and a current ratio of 0.83. Momentive Global has a 1 year low of $5.14 and a 1 year high of $18.48. The firm has a market cap of $1.11 billion, a P/E ratio of -8.67 and a beta of 1.50. The stock has a 50-day simple moving average of $7.34 and a 200-day simple moving average of $7.44.

Momentive Global (NASDAQ:MNTVGet Rating) last posted its earnings results on Thursday, November 3rd. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. Momentive Global had a negative return on equity of 37.13% and a negative net margin of 26.84%. The business had revenue of $121.38 million during the quarter, compared to analyst estimates of $120.50 million. On average, equities analysts predict that Momentive Global will post -0.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Momentive Global

In other Momentive Global news, insider Rebecca Cantieri sold 5,285 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $8.07, for a total transaction of $42,649.95. Following the completion of the sale, the insider now owns 188,389 shares in the company, valued at approximately $1,520,299.23. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Momentive Global news, COO Priyanka Carr sold 9,176 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $8.07, for a total transaction of $74,050.32. Following the transaction, the chief operating officer now owns 254,148 shares of the company’s stock, valued at approximately $2,050,974.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Rebecca Cantieri sold 5,285 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $8.07, for a total value of $42,649.95. Following the transaction, the insider now directly owns 188,389 shares in the company, valued at approximately $1,520,299.23. The disclosure for this sale can be found here. Insiders sold a total of 36,004 shares of company stock worth $291,274 in the last 90 days. 17.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Federated Hermes Inc. bought a new position in Momentive Global during the 2nd quarter worth approximately $177,000. Clearline Capital LP lifted its holdings in Momentive Global by 81.0% during the 2nd quarter. Clearline Capital LP now owns 2,308,136 shares of the company’s stock worth $20,312,000 after buying an additional 1,032,682 shares during the last quarter. Dupont Capital Management Corp bought a new position in Momentive Global during the 3rd quarter worth approximately $63,000. Diversified Trust Co bought a new stake in shares of Momentive Global in the 2nd quarter worth approximately $175,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Momentive Global in the 3rd quarter worth approximately $361,000. Institutional investors own 77.56% of the company’s stock.

Momentive Global Company Profile

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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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Analyst Recommendations for Momentive Global (NASDAQ:MNTV)

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