Loop Capital Boosts Qualtrics International (NASDAQ:XM) Price Target to $18.00

Qualtrics International (NASDAQ:XM – Get Rating) had its price objective lifted by Loop Capital from $11.00 to $18.00 in a research report released on Tuesday, The Fly reports.

XM has been the subject of a number of other research reports. BMO Capital Markets cut Qualtrics International from an outperform rating to a market perform rating and upped their target price for the stock from $17.00 to $18.15 in a report on Monday, March 6th. JPMorgan Chase & Co. cut Qualtrics International from an overweight rating to a neutral rating and increased their price target for the company from $16.00 to $18.00 in a research note on Thursday, March 9th. Deutsche Bank Aktiengesellschaft cut Qualtrics International from a buy rating to a hold rating and increased their price target for the company from $14.00 to $19.00 in a research note on Wednesday, February 1st. JMP Securities cut Qualtrics International from an outperform rating to a market perform rating in a research note on Tuesday. Finally, Truist Financial decreased their price target on Qualtrics International from $16.00 to $15.00 and set a buy rating for the company in a research note on Tuesday, January 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and a consensus price target of $17.58.

Qualtrics International Stock Down 0.1 %

Shares of XM opened at $17.66 on Tuesday. Qualtrics International has a 12-month low of $9.32 and a 12-month high of $30.95. The business has a 50-day simple moving average of $14.68 and a two-hundred day simple moving average of $11.98. The stock has a market cap of $10.64 billion, a PE ratio of -9.70 and a beta of 1.72.

Qualtrics International (NASDAQ:XM – Get Rating) last issued its earnings results on Wednesday, January 25th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). Qualtrics International had a negative return on equity of 52.36% and a negative net margin of 72.77%. The firm had revenue of $389.09 million during the quarter, compared to analyst estimates of $380.99 million. On average, equities research analysts expect that Qualtrics International will post -1.36 EPS for the current year.

Insiders Place Their Bets

In other Qualtrics International news, CFO Robert W. Bachman sold 16,700 shares of the stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $15.70, for a total value of $262,190.00. Following the transaction, the chief financial officer now owns 539,583 shares in the company, valued at $8,471,453.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Zig Serafin sold 105,070 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The stock was sold at an average price of $16.56, for a total value of $1,739,959.20. Following the transaction, the chief executive officer now owns 12,391,879 shares in the company, valued at $205,209,516.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert W. Bachman sold 16,700 shares of the firm’s stock in a transaction that occurred on Tuesday, January 31st. The shares were sold at an average price of $15.70, for a total value of $262,190.00. Following the completion of the transaction, the chief financial officer now owns 539,583 shares in the company, valued at approximately $8,471,453.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 969,324 shares of company stock worth $15,899,273. Corporate insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Global Wealth Strategies & Associates purchased a new stake in shares of Qualtrics International during the fourth quarter valued at approximately $31,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Qualtrics International during the fourth quarter valued at approximately $47,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Qualtrics International by 338.6% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 5,399 shares of the company’s stock valued at $55,000 after acquiring an additional 4,168 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Qualtrics International during the third quarter valued at approximately $63,000. Finally, IFP Advisors Inc increased its position in shares of Qualtrics International by 2,000.0% during the third quarter. IFP Advisors Inc now owns 2,100 shares of the company’s stock valued at $97,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors own 21.24% of the company’s stock.

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.