Qualtrics International (NASDAQ:XM) Shares Gap Up to $11.51

Qualtrics International Inc. (NASDAQ:XMGet Rating)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $11.51, but opened at $11.78. Qualtrics International shares last traded at $11.59, with a volume of 1,954 shares traded.

Analyst Ratings Changes

XM has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of Qualtrics International from $30.00 to $16.00 in a report on Monday, July 18th. Raymond James dropped their target price on shares of Qualtrics International from $35.00 to $17.00 in a research report on Thursday, July 21st. Canaccord Genuity Group dropped their target price on shares of Qualtrics International from $34.00 to $16.00 in a research report on Thursday, July 21st. Morgan Stanley dropped their target price on shares of Qualtrics International from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Thursday, July 21st. Finally, HSBC dropped their target price on shares of Qualtrics International from $40.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, August 9th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, Qualtrics International has an average rating of “Moderate Buy” and a consensus target price of $25.12.

Qualtrics International Stock Up 2.6 %

The business’s 50 day moving average price is $12.88 and its 200 day moving average price is $18.44.

Qualtrics International (NASDAQ:XMGet Rating) last announced its quarterly earnings results on Wednesday, July 20th. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.07). Qualtrics International had a negative return on equity of 75.46% and a negative net margin of 91.22%. The company had revenue of $356.37 million during the quarter, compared to the consensus estimate of $344.98 million. During the same quarter in the prior year, the firm earned ($0.51) earnings per share. The business’s revenue was up 42.9% compared to the same quarter last year. On average, research analysts anticipate that Qualtrics International Inc. will post -1.75 EPS for the current fiscal year.

Institutional Trading of Qualtrics International

Large investors have recently added to or reduced their stakes in the business. Cedar Mountain Advisors LLC purchased a new position in Qualtrics International during the first quarter valued at approximately $26,000. Rockefeller Capital Management L.P. purchased a new position in Qualtrics International during the fourth quarter valued at approximately $28,000. Apeiron RIA LLC purchased a new position in Qualtrics International during the second quarter valued at approximately $38,000. Signaturefd LLC lifted its holdings in Qualtrics International by 68.8% during the first quarter. Signaturefd LLC now owns 1,350 shares of the company’s stock valued at $39,000 after purchasing an additional 550 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Qualtrics International by 42.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,297 shares of the company’s stock valued at $129,000 after purchasing an additional 3,049 shares in the last quarter. 21.58% of the stock is currently owned by institutional investors.

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.

Read More

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