Brokerages Anticipate UserTesting Inc (NYSE:USER) Will Announce Quarterly Sales of $43.45 Million

Analysts predict that UserTesting Inc (NYSE:USERGet Rating) will report $43.45 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for UserTesting’s earnings, with estimates ranging from $43.08 million to $43.76 million. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that UserTesting will report full-year sales of $196.09 million for the current fiscal year, with estimates ranging from $195.31 million to $196.65 million. For the next year, analysts forecast that the company will post sales of $258.55 million, with estimates ranging from $255.75 million to $262.04 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for UserTesting.

UserTesting (NYSE:USERGet Rating) last posted its earnings results on Monday, February 28th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.07. The company had revenue of $42.48 million during the quarter, compared to the consensus estimate of $38.91 million.

Separately, JPMorgan Chase & Co. cut their target price on shares of UserTesting from $14.00 to $13.00 in a research report on Tuesday, March 1st. Ten analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $13.60.

NYSE:USER traded down $1.62 during trading hours on Monday, reaching $8.80. The company had a trading volume of 431,482 shares, compared to its average volume of 371,692. UserTesting has a 52 week low of $4.50 and a 52 week high of $15.98. The company’s 50 day simple moving average is $9.41.

In other news, major shareholder Insight Holdings Group, Llc bought 5,035 shares of the stock in a transaction that occurred on Monday, February 14th. The shares were bought at an average price of $8.82 per share, for a total transaction of $44,408.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders have bought 2,040,149 shares of company stock valued at $14,722,411.

UserTesting Company Profile (Get Rating)

UserTesting, Inc engages in the operation of a software-as-a-service (SaaS) platform that enables organizations to know experiences of people as they engage with products, designs, apps, processes, concepts, or brands in the United States, the United Kingdom, and internationally. Its platform captures customer perspectives from targeted audiences who share their thoughts for digital, real-world, or omnichannel experiences.

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