Qualtrics International Inc. (NASDAQ:XM) to Post Q1 2024 Earnings of ($0.35) Per Share, William Blair Forecasts

Qualtrics International Inc. (NASDAQ:XM – Get Rating) – Stock analysts at William Blair issued their Q1 2024 earnings per share estimates for shares of Qualtrics International in a research report issued to clients and investors on Monday, March 13th. William Blair analyst A. Bhatia expects that the company will post earnings of ($0.35) per share for the quarter. William Blair has a “Market Perform” rating on the stock. The consensus estimate for Qualtrics International’s current full-year earnings is ($1.36) per share. William Blair also issued estimates for Qualtrics International’s Q2 2024 earnings at ($0.33) EPS, Q3 2024 earnings at ($0.33) EPS, Q4 2024 earnings at ($0.32) EPS and FY2024 earnings at ($1.35) EPS.

Qualtrics International (NASDAQ:XM – Get Rating) last posted 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 net margin of 72.77% and a negative return on equity of 52.36%. The business had revenue of $389.09 million during the quarter, compared to analyst estimates of $380.99 million.

XM has been the topic of several other research reports. JPMorgan Chase & Co. downgraded Qualtrics International from an “overweight” rating to a “neutral” rating and upped their target price for the company from $16.00 to $18.00 in a research report on Thursday, March 9th. Oppenheimer lowered Qualtrics International from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 8th. Piper Sandler lowered Qualtrics International from an “overweight” rating to a “neutral” rating and set a $18.15 price target on the stock. in a research note on Monday. JMP Securities downgraded Qualtrics International from an “outperform” rating to a “market perform” rating in a report on Tuesday. Finally, BMO Capital Markets downgraded Qualtrics International from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $17.00 to $18.15 in a report on Monday, March 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Qualtrics International currently has an average rating of “Hold” and an average target price of $17.58.

Qualtrics International Stock Performance

XM opened at $17.67 on Wednesday. Qualtrics International has a 52-week low of $9.32 and a 52-week high of $30.95. The firm has a market capitalization of $10.65 billion, a PE ratio of -9.71 and a beta of 1.72. The business’s 50-day simple moving average is $14.82 and its 200 day simple moving average is $12.03.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Global Wealth Strategies & Associates acquired a new position in Qualtrics International in the fourth quarter worth $31,000. Coppell Advisory Solutions Corp. acquired a new position in shares of Qualtrics International during the fourth quarter valued at $47,000. Benjamin F. Edwards & Company Inc. lifted its stake 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 period. Lazard Asset Management LLC bought a new stake in Qualtrics International in the third quarter valued at about $63,000. Finally, IFP Advisors Inc increased its holdings in shares of Qualtrics International by 2,000.0% in the third quarter. IFP Advisors Inc now owns 2,100 shares of the company’s stock worth $97,000 after acquiring an additional 2,000 shares in the last quarter. 21.24% of the stock is owned by institutional investors.

Insider Transactions at Qualtrics International

In other Qualtrics International news, CEO Zig Serafin sold 130,628 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $15.97, for a total value of $2,086,129.16. Following the transaction, the chief executive officer now directly owns 11,443,802 shares in the company, valued at approximately $182,757,517.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Ryan S. Smith sold 112,713 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $16.56, for a total transaction of $1,866,527.28. Following the completion of the sale, the insider now owns 13,082,468 shares of the company’s stock, valued at $216,645,670.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Zig Serafin sold 130,628 shares of the firm’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $15.97, for a total value of $2,086,129.16. Following the transaction, the chief executive officer now owns 11,443,802 shares in the company, valued at $182,757,517.94. The disclosure for this sale can be found here. Insiders have sold a total of 969,324 shares of company stock valued at $15,899,273 in the last ninety days. 2.80% of the stock is currently owned by company insiders.

Qualtrics International Company Profile

(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.