Short Interest in Momentive Global Inc. (NASDAQ:MNTV) Expands By 30.2%

Momentive Global Inc. (NASDAQ:MNTVGet Rating) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 5,180,000 shares, an increase of 30.2% from the March 15th total of 3,980,000 shares. Approximately 4.3% of the company’s stock are short sold. Based on an average daily volume of 2,020,000 shares, the short-interest ratio is presently 2.6 days.

A number of research firms recently commented on MNTV. Truist Financial dropped their price objective on Momentive Global from $27.00 to $20.00 in a report on Tuesday, March 1st. TheStreet lowered Momentive Global from a “c-” rating to a “d+” rating in a research note on Friday, February 11th. Needham & Company LLC decreased their price target on Momentive Global from $28.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, February 22nd. Stifel Nicolaus cut their price objective on Momentive Global from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Monday, March 21st. Finally, Craig Hallum decreased their price objective on shares of Momentive Global from $25.00 to $18.50 in a research report on Tuesday, March 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Momentive Global currently has an average rating of “Hold” and a consensus price target of $33.92.

In other Momentive Global news, CFO Justin Coulombe sold 3,804 shares of the business’s stock in a transaction on Wednesday, February 16th. The shares were sold at an average price of $15.62, for a total transaction of $59,418.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Alexander J. Lurie sold 13,018 shares of the business’s stock in a transaction on Wednesday, February 16th. The stock was sold at an average price of $15.62, for a total transaction of $203,341.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,453 shares of company stock valued at $491,296. 17.10% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of MNTV. Point72 Hong Kong Ltd purchased a new stake in Momentive Global in the 4th quarter worth $63,000. Advisor Group Holdings Inc. grew its position in shares of Momentive Global by 44.4% during the third quarter. Advisor Group Holdings Inc. now owns 3,592 shares of the company’s stock valued at $72,000 after purchasing an additional 1,104 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Momentive Global during the fourth quarter worth approximately $99,000. Nisa Investment Advisors LLC increased its stake in Momentive Global by 74.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock worth $106,000 after acquiring an additional 2,650 shares during the last quarter. Finally, Mint Tower Capital Management B.V. bought a new stake in Momentive Global during the fourth quarter worth approximately $157,000. 77.06% of the stock is currently owned by institutional investors.

Shares of Momentive Global stock traded down $0.50 during trading on Monday, hitting $17.50. The company’s stock had a trading volume of 55,192 shares, compared to its average volume of 1,949,151. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.21 and a current ratio of 1.21. The company has a fifty day simple moving average of $16.18 and a two-hundred day simple moving average of $19.20. The company has a market capitalization of $2.63 billion, a PE ratio of -21.13 and a beta of 1.37. Momentive Global has a 52 week low of $13.50 and a 52 week high of $25.00.

Momentive Global (NASDAQ:MNTVGet Rating) last released its quarterly earnings data on Thursday, February 10th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.15). Momentive Global had a negative net margin of 27.77% and a negative return on equity of 34.69%. The firm had revenue of $117.34 million for the quarter, compared to the consensus estimate of $120.57 million. During the same quarter in the prior year, the business posted ($0.13) earnings per share. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. As a group, analysts predict that Momentive Global will post -0.66 EPS for the current year.

Momentive Global Company Profile (Get Rating)

Momentive Global Inc provides Software-as-a-Service solutions that help businesses turn stakeholder feedback into action in the United States and internationally. It offers survey software products under the SurveyMonkey brand, that enable customers to listen and take action on stakeholder feedback; GetFeedback CX platform, which enables companies to leverage in-the-moment customer feedback to engage and retain their customers; GetFeedback Essentials provides companies the tools to launch customer experience programs quickly by gathering feedback via email and across their websites, analyzing it in one place, and integrating with their Salesforce CRM platform; GetFeedback Pro, includes the Essentials features and adds feedback collection channels, advanced analytics, automation, and additional pre-built integrations; and GetFeedback Ultimate, comprises the GetFeedback Pro features and adds mobile apps as a feedback collection channel and enables single sign-on.

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