UserTesting (NYSE:USER) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research lowered shares of UserTesting (NYSE:USERGet Rating) from a buy rating to a hold rating in a report published on Wednesday, Zacks.com reports.

According to Zacks, “UserTesting has pioneered a video-first, enterprise-grade SaaS platform which enables organizations to execute customer-centric visions by seeing and hearing the experiences of real people as they engage with products, designs, apps, processes, concepts or brands. The UserTesting Human Insight platform captures diverse customer perspectives from targeted audiences, who have opted in to share their thoughts, whether for digital, real-world or omnichannel experiences. The platform generates video-based Customer Experience Narratives. UserTesting is based in headquartered in San Francisco, California. “

Separately, JPMorgan Chase & Co. decreased their price objective on UserTesting from $14.00 to $13.00 in a report on Tuesday, March 1st. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Buy and an average target price of $13.16.

USER stock opened at $7.57 on Wednesday. The business’s 50 day moving average price is $9.31. UserTesting has a fifty-two week low of $4.50 and a fifty-two week high of $15.98.

UserTesting (NYSE:USERGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The firm had revenue of $45.90 million for the quarter, compared to analyst estimates of $43.58 million. The firm’s quarterly revenue was up 47.6% on a year-over-year basis. Analysts anticipate that UserTesting will post -0.65 earnings per share for the current year.

In other news, major shareholder Insight Holdings Group, Llc acquired 83,925 shares of UserTesting stock in a transaction on Friday, March 4th. The stock was acquired at an average cost of $9.91 per share, with a total value of $831,696.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders bought 784,154 shares of company stock valued at $6,870,577.

About UserTesting (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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