Zacks Investment Research Upgrades UserTesting (NYSE:USER) to Buy

UserTesting (NYSE:USERGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday, Zacks.com reports. The brokerage currently has a $6.50 target price on the stock. Zacks Investment Research‘s price target indicates a potential upside of 14.44% from the stock’s previous close.

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. lowered their price target on shares of UserTesting from $14.00 to $13.00 in a report on Tuesday, March 1st. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, UserTesting currently has a consensus rating of “Buy” and a consensus target price of $12.95.

Shares of USER stock traded up $0.07 during trading hours on Tuesday, hitting $5.68. The company’s stock had a trading volume of 8,536 shares, compared to its average volume of 351,374. The stock has a 50 day simple moving average of $9.12. UserTesting has a 12-month low of $4.50 and a 12-month high of $15.98.

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

In other UserTesting news, major shareholder Insight Holdings Group, Llc bought 35,872 shares of UserTesting stock in a transaction dated Wednesday, February 9th. The stock was acquired at an average cost of $8.50 per share, for a total transaction of $304,912.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 702,977 shares of company stock valued at $6,246,326 over the last quarter.

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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