Momentive Global Inc. (NASDAQ:MNTV) Sees Large Decline in Short Interest

Momentive Global Inc. (NASDAQ:MNTVGet Rating) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 4,210,000 shares, a decline of 18.7% from the March 31st total of 5,180,000 shares. Currently, 3.5% of the shares of the company are sold short. Based on an average trading volume of 2,150,000 shares, the short-interest ratio is presently 2.0 days.

A number of research firms have weighed in on MNTV. TheStreet downgraded Momentive Global from a “c-” rating to a “d+” rating in a report on Friday, February 11th. Credit Suisse Group decreased their price objective on Momentive Global from $23.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, March 1st. Zacks Investment Research raised Momentive Global from a “sell” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Tuesday. Truist Financial decreased their price objective on Momentive Global from $27.00 to $20.00 in a report on Tuesday, March 1st. Finally, Stifel Nicolaus decreased 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Momentive Global presently has a consensus rating of “Hold” and a consensus target price of $31.64.

Shares of MNTV opened at $15.55 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.21 and a quick ratio of 1.21. Momentive Global has a one year low of $13.50 and a one year high of $25.00. The business’s 50 day simple moving average is $16.37 and its 200-day simple moving average is $18.78.

Momentive Global (NASDAQ:MNTVGet Rating) last announced its earnings results on Thursday, February 10th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.15). The business had revenue of $117.34 million during the quarter, compared to analyst estimates of $120.57 million. Momentive Global had a negative return on equity of 34.69% and a negative net margin of 27.77%. The firm’s revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.13) earnings per share. On average, sell-side analysts predict that Momentive Global will post -0.66 EPS for the current fiscal year.

In related news, CFO Justin Coulombe sold 3,804 shares of the business’s stock in a transaction dated Wednesday, February 16th. The stock was sold at an average price of $15.62, for a total transaction of $59,418.48. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Lora D. Blum sold 4,338 shares of the business’s stock in a transaction dated Wednesday, February 16th. The shares were sold at an average price of $15.62, for a total value of $67,759.56. The disclosure for this sale can be found here. Insiders have sold 31,453 shares of company stock worth $491,296 over the last 90 days. Corporate insiders own 17.10% of the company’s stock.

A number of large investors have recently bought and sold shares of MNTV. Point72 Hong Kong Ltd acquired a new position in Momentive Global during the 4th quarter worth $63,000. Advisor Group Holdings Inc. lifted its holdings in Momentive Global by 44.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 3,592 shares of the company’s stock worth $72,000 after buying an additional 1,104 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in Momentive Global during the 4th quarter worth $99,000. Nisa Investment Advisors LLC lifted its holdings in Momentive Global by 74.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock worth $106,000 after buying an additional 2,650 shares in the last quarter. Finally, Mint Tower Capital Management B.V. acquired a new position in Momentive Global during the 4th quarter worth $157,000. 67.71% of the stock is currently owned by hedge funds and other institutional investors.

About Momentive Global (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.

Featured Stories

Receive News & Ratings for Momentive Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Momentive Global and related companies with MarketBeat.com's FREE daily email newsletter.