UserTesting (NYSE:USER) Updates FY 2022 Earnings Guidance

UserTesting (NYSE:USERGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of -$0.39–$0.37 for the period, compared to the consensus earnings per share estimate of -$0.40. The company issued revenue guidance of $197.00 million-$201.00 million, compared to the consensus revenue estimate of $196.71 million.UserTesting also updated its Q2 2022 guidance to -$0.10–$0.10 EPS.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of UserTesting from a buy rating to a hold rating in a research report on Wednesday, May 4th. JPMorgan Chase & Co. dropped their target price on shares of UserTesting from $14.00 to $13.00 in a report on Tuesday, March 1st. One equities research 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 MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of $13.16.

Shares of NYSE USER traded down $0.19 during mid-day trading on Monday, hitting $5.60. 25,770 shares of the company’s stock traded hands, compared to its average volume of 348,208. The business has a 50-day moving average of $9.22. UserTesting has a 1 year low of $4.50 and a 1 year high of $15.98.

UserTesting (NYSE:USERGet Rating) last announced its earnings results on Wednesday, May 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. The business had revenue of $45.90 million for the quarter, compared to analysts’ expectations of $43.58 million. The business’s revenue for the quarter was up 47.6% on a year-over-year basis. On average, equities analysts forecast that UserTesting will post -0.65 EPS for the current fiscal year.

In other UserTesting news, major shareholder Insight Holdings Group, Llc bought 35,872 shares of the firm’s stock in a transaction dated Wednesday, February 9th. The shares were purchased at an average cost of $8.50 per share, for a total transaction of $304,912.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have bought a total of 702,977 shares of company stock worth $6,246,326 over the last 90 days.

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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