Qualtrics International’s (XM) “Neutral” Rating Reiterated at BNP Paribas

Qualtrics International (NASDAQ:XM – Get Rating)‘s stock had its “neutral” rating reissued by stock analysts at BNP Paribas in a research note issued to investors on Friday, Benzinga reports. They presently have a $18.20 target price on the stock. BNP Paribas’ price objective indicates a potential upside of 3.12% from the stock’s current price.

A number of other analysts have also issued reports on XM. Oppenheimer lowered shares of Qualtrics International from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 8th. Barclays boosted their price objective on Qualtrics International from $11.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Friday, January 27th. Loop Capital boosted their price objective on Qualtrics International from $11.00 to $18.00 in a research report on Tuesday, March 14th. Raymond James downgraded Qualtrics International from an “outperform” rating to a “market perform” rating in a research report on Tuesday, March 14th. Finally, Piper Sandler downgraded Qualtrics International from an “overweight” rating to a “neutral” rating and set a $18.15 price objective for the company. in a research report on Monday, March 13th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $17.76.

Qualtrics International Trading Down 0.2 %

Shares of XM opened at $17.65 on Friday. The firm has a market cap of $10.63 billion, a P/E ratio of -9.70 and a beta of 1.72. Qualtrics International has a 12-month low of $9.32 and a 12-month high of $30.67. The company’s 50-day moving average price is $15.11 and its 200 day moving average price is $12.11.

Qualtrics International (NASDAQ:XM – Get Rating) last issued its quarterly 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). The business had revenue of $389.09 million for the quarter, compared to analysts’ expectations of $380.99 million. Qualtrics International had a negative return on equity of 52.36% and a negative net margin of 72.77%. Equities research analysts forecast that Qualtrics International will post -1.36 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Brad R. Anderson sold 4,296 shares of the firm’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $16.52, for a total value of $70,969.92. Following the completion of the sale, the insider now owns 497,036 shares in the company, valued at approximately $8,211,034.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Brad R. Anderson sold 4,296 shares of the firm’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $16.52, for a total value of $70,969.92. Following the completion of the sale, the insider now owns 497,036 shares in the company, valued at approximately $8,211,034.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Chris Beckstead sold 52,093 shares of the firm’s stock in a transaction on Friday, February 3rd. The stock was sold at an average price of $16.56, for a total transaction of $862,660.08. Following the completion of the sale, the president now owns 5,646,715 shares of the company’s stock, valued at approximately $93,509,600.40. The disclosure for this sale can be found here. Insiders sold a total of 969,324 shares of company stock worth $15,899,273 in the last 90 days. Company insiders own 2.80% of the company’s stock.

Institutional Trading of Qualtrics International

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board lifted its stake in shares of Qualtrics International by 5.7% in the first quarter. Canada Pension Plan Investment Board now owns 14,195 shares of the company’s stock valued at $406,000 after purchasing an additional 765 shares during the period. Truist Financial Corp increased its holdings in Qualtrics International by 4.2% during the 3rd quarter. Truist Financial Corp now owns 24,748 shares of the company’s stock valued at $252,000 after acquiring an additional 998 shares in the last quarter. FirstPurpose Wealth LLC increased its holdings in Qualtrics International by 10.8% during the 4th quarter. FirstPurpose Wealth LLC now owns 15,565 shares of the company’s stock valued at $162,000 after acquiring an additional 1,511 shares in the last quarter. Barclays PLC increased its holdings in Qualtrics International by 8.1% during the 3rd quarter. Barclays PLC now owns 23,177 shares of the company’s stock valued at $235,000 after acquiring an additional 1,730 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Qualtrics International by 45.5% during the 1st quarter. Advisors Asset Management Inc. now owns 6,220 shares of the company’s stock valued at $178,000 after acquiring an additional 1,946 shares in the last quarter. Institutional investors and hedge funds own 21.24% of the company’s stock.

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.