Qualtrics International (NASDAQ:XM) PT Lowered to $16.00

Qualtrics International (NASDAQ:XMGet Rating) had its price objective cut by equities researchers at BMO Capital Markets from $32.00 to $16.00 in a report issued on Wednesday, The Fly reports. BMO Capital Markets’ target price suggests a potential upside of 23.08% from the company’s previous close.

XM has been the topic of several other reports. The Goldman Sachs Group cut their price objective on shares of Qualtrics International from $40.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, July 14th. Morgan Stanley lowered their target price on shares of Qualtrics International from $43.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, July 14th. JMP Securities lowered their target price on shares of Qualtrics International from $59.00 to $46.00 and set a “market outperform” rating on the stock in a research note on Friday, April 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Qualtrics International from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, April 22nd. Finally, Barclays lowered their target price on shares of Qualtrics International from $30.00 to $16.00 in a research note on Monday. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $25.44.

Qualtrics International Stock Performance

Qualtrics International stock opened at $13.00 on Wednesday. The firm’s 50-day moving average is $13.60 and its 200-day moving average is $22.19. Qualtrics International has a 1 year low of $11.33 and a 1 year high of $49.03. The company has a market cap of $7.56 billion, a P/E ratio of -6.07 and a beta of 1.90.

Qualtrics International (NASDAQ:XMGet Rating) last posted its quarterly earnings results on Wednesday, July 20th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $356.37 million during the quarter, compared to the consensus estimate of $344.98 million. Qualtrics International had a negative return on equity of 108.35% and a negative net margin of 98.21%. The company’s quarterly revenue was up 42.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.51) earnings per share. As a group, sell-side analysts predict that Qualtrics International will post -1.69 earnings per share for the current year.

Hedge Funds Weigh In On Qualtrics International

Hedge funds have recently made changes to their positions in the business. National Bank of Canada FI purchased a new position in shares of Qualtrics International in the fourth quarter worth approximately $150,000. LVW Advisors LLC increased its position in shares of Qualtrics International by 9.1% in the fourth quarter. LVW Advisors LLC now owns 9,415 shares of the company’s stock worth $333,000 after acquiring an additional 785 shares in the last quarter. Brown Advisory Inc. purchased a new position in shares of Qualtrics International in the fourth quarter worth approximately $6,520,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Qualtrics International in the fourth quarter worth approximately $5,663,000. Finally, Galvin Gaustad & Stein LLC purchased a new position in shares of Qualtrics International in the fourth quarter worth approximately $230,000.

Qualtrics International Company Profile

(Get Rating)

Qualtrics International Inc operates an experience management platform to manage customer, employee, product, and brand experiences worldwide. The company offers The Qualtrics Experience Management Platform, a system of action that guides users with specific instructions for improvement and automated actions to improve experiences, as well as for listening, understanding, and taking action on both structured and unstructured data.

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Analyst Recommendations for Qualtrics International (NASDAQ:XM)

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