Momentive Global (NASDAQ:MNTV) Downgraded by Needham & Company LLC

Needham & Company LLC downgraded shares of Momentive Global (NASDAQ:MNTV – Get Rating) from a buy rating to a hold rating in a research note published on Tuesday morning, The Fly reports.

Other equities analysts have also issued research reports about the company. Credit Suisse Group reaffirmed a neutral rating and issued a $13.00 price target on shares of Momentive Global in a research note on Friday, February 17th. Truist Financial dropped their price objective on Momentive Global from $15.00 to $12.00 and set a buy rating on the stock in a report on Tuesday, February 21st. Finally, Wells Fargo & Company dropped their price objective on Momentive Global from $12.00 to $10.00 and set an overweight rating on the stock in a report on Thursday, January 19th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $13.42.

Momentive Global Stock Up 20.2 %

Shares of MNTV opened at $9.28 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50 day moving average price of $7.42 and a 200 day moving average price of $7.19. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -15.47 and a beta of 1.52. Momentive Global has a one year low of $5.14 and a one year high of $18.48.

Insider Activity

In other news, insider Lora D. Blum sold 5,038 shares of Momentive Global stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $7.20, for a total value of $36,273.60. Following the completion of the sale, the insider now owns 167,407 shares of the company’s stock, valued at $1,205,330.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, COO Priyanka Carr sold 8,762 shares of the business’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $7.76, for a total value of $67,993.12. Following the transaction, the chief operating officer now owns 245,386 shares in the company, valued at $1,904,195.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Lora D. Blum sold 5,038 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $7.20, for a total value of $36,273.60. Following the completion of the sale, the insider now directly owns 167,407 shares of the company’s stock, valued at $1,205,330.40. The disclosure for this sale can be found here. Insiders sold a total of 33,162 shares of company stock valued at $254,516 over the last quarter. Company insiders own 17.70% of the company’s stock.

Hedge Funds Weigh In On Momentive Global

Institutional investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. grew its holdings in Momentive Global by 50.1% in the 4th quarter. First Horizon Advisors Inc. now owns 4,043 shares of the company’s stock worth $28,000 after buying an additional 1,349 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Momentive Global by 11,390.9% during the 2nd quarter. Captrust Financial Advisors now owns 6,320 shares of the company’s stock valued at $56,000 after acquiring an additional 6,265 shares during the last quarter. Metropolitan Life Insurance Co NY lifted its position in shares of Momentive Global by 21.7% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 8,128 shares of the company’s stock valued at $57,000 after acquiring an additional 1,447 shares during the last quarter. Dupont Capital Management Corp acquired a new stake in shares of Momentive Global during the 3rd quarter valued at $63,000. Finally, CenterBook Partners LP purchased a new stake in shares of Momentive Global in the third quarter valued at $71,000. 77.56% of the stock is owned by institutional investors.

Momentive Global Company Profile

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Momentive Global, Inc provides agile software solutions that help companies turn stakeholder feedback into action. Its platform empowers users to collect, analyze, and act on feedback from customers, employees, website and application users, and market research audiences. The company offers enterprise solutions for agile experience management and insights by three product brands: Momentive, GetFeedback, and SurveyMonkey.