Qualtrics International (NASDAQ:XM) Price Target Lowered to $15.00 at Truist Financial

Qualtrics International (NASDAQ:XMGet Rating) had its price target lowered by Truist Financial from $16.00 to $15.00 in a report published on Tuesday, The Fly reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently commented on XM. Piper Sandler lowered their price objective on shares of Qualtrics International from $16.00 to $14.00 and set an overweight rating for the company in a research report on Monday, January 9th. Raymond James lowered their target price on Qualtrics International from $17.00 to $14.00 and set an outperform rating for the company in a report on Tuesday, October 25th. BMO Capital Markets lowered their target price on Qualtrics International from $14.50 to $13.00 and set an outperform rating for the company in a report on Tuesday, October 25th. Evercore ISI lowered their target price on Qualtrics International from $25.00 to $16.00 and set an outperform rating for the company in a report on Tuesday, October 25th. Finally, BNP Paribas upgraded Qualtrics International from a neutral rating to an outperform rating and set a $15.00 target price for the company in a report on Monday, October 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $18.25.

Qualtrics International Stock Down 2.0 %

XM opened at $11.36 on Tuesday. Qualtrics International has a 12 month low of $9.32 and a 12 month high of $32.81. The company has a fifty day simple moving average of $10.35 and a 200 day simple moving average of $11.08. The stock has a market cap of $6.71 billion, a P/E ratio of -5.83 and a beta of 1.39.

Qualtrics International (NASDAQ:XMGet Rating) last released its quarterly earnings data on Monday, October 24th. The company reported ($0.38) EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.04. Qualtrics International had a negative net margin of 80.46% and a negative return on equity of 55.14%. The business had revenue of $377.53 million during the quarter, compared to analysts’ expectations of $358.55 million. During the same quarter in the prior year, the company earned ($0.53) EPS. The firm’s quarterly revenue was up 39.0% on a year-over-year basis. On average, equities research analysts expect that Qualtrics International will post -1.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Qualtrics International

Several hedge funds have recently bought and sold shares of XM. EdgePoint Investment Group Inc. acquired a new stake in Qualtrics International in the 3rd quarter valued at about $42,351,000. Price T Rowe Associates Inc. MD lifted its position in Qualtrics International by 1,026.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,358,053 shares of the company’s stock worth $42,009,000 after acquiring an additional 3,060,046 shares during the last quarter. Renaissance Technologies LLC lifted its position in Qualtrics International by 487.2% during the second quarter. Renaissance Technologies LLC now owns 2,377,000 shares of the company’s stock worth $29,736,000 after acquiring an additional 1,972,200 shares during the last quarter. Vanguard Group Inc. lifted its position in Qualtrics International by 32.3% during the first quarter. Vanguard Group Inc. now owns 7,460,496 shares of the company’s stock worth $212,997,000 after acquiring an additional 1,819,875 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Qualtrics International by 38.4% during the second quarter. Goldman Sachs Group Inc. now owns 5,305,118 shares of the company’s stock worth $66,367,000 after acquiring an additional 1,472,100 shares during the last quarter. 21.24% of the stock is currently owned by institutional investors and hedge funds.

Qualtrics International Company Profile

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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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