Momentive Global Inc. (NASDAQ:MNTV) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Momentive Global Inc. (NASDAQ:MNTVGet Rating) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $28.79.

A number of research analysts have commented on the company. Needham & Company LLC reduced their target price on Momentive Global from $19.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, August 8th. Credit Suisse Group reduced their price objective on Momentive Global from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Friday. Truist Financial cut their target price on Momentive Global from $20.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, August 8th. Finally, Wells Fargo & Company decreased their target price on Momentive Global from $20.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, August 22nd.

Insider Buying and Selling at Momentive Global

In related news, COO Priyanka Carr sold 8,154 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $7.63, for a total transaction of $62,215.02. Following the transaction, the chief operating officer now directly owns 263,324 shares in the company, valued at $2,009,162.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Momentive Global news, CEO Alexander J. Lurie sold 18,830 shares of the stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $7.63, for a total transaction of $143,672.90. Following the completion of the sale, the chief executive officer now owns 1,491,354 shares of the company’s stock, valued at approximately $11,379,031.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Priyanka Carr sold 8,154 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $7.63, for a total transaction of $62,215.02. Following the completion of the sale, the chief operating officer now directly owns 263,324 shares of the company’s stock, valued at $2,009,162.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,893 shares of company stock valued at $354,864. Corporate insiders own 17.70% of the company’s stock.

Hedge Funds Weigh In On Momentive Global

Large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its stake in Momentive Global by 339.6% in the second quarter. Nisa Investment Advisors LLC now owns 4,660 shares of the company’s stock worth $41,000 after acquiring an additional 3,600 shares during the period. Captrust Financial Advisors increased its holdings in Momentive Global by 11,390.9% in the 2nd quarter. Captrust Financial Advisors now owns 6,320 shares of the company’s stock worth $56,000 after buying an additional 6,265 shares during the period. Dupont Capital Management Corp acquired a new position in Momentive Global in the 3rd quarter worth approximately $63,000. Steph & Co. boosted its position in Momentive Global by 23.0% in the 2nd quarter. Steph & Co. now owns 8,581 shares of the company’s stock worth $76,000 after purchasing an additional 1,607 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Momentive Global during the 1st quarter valued at approximately $82,000. Hedge funds and other institutional investors own 77.95% of the company’s stock.

Momentive Global Stock Performance

Momentive Global stock opened at $7.50 on Tuesday. The firm has a market capitalization of $1.13 billion, a P/E ratio of -8.72 and a beta of 1.51. The stock has a fifty day moving average price of $6.72 and a 200 day moving average price of $9.21. Momentive Global has a 52 week low of $5.14 and a 52 week high of $23.48. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.67.

Momentive Global Company Profile

(Get Rating)

Momentive Global Inc provides Software-as-a-Service solutions that help businesses turn stakeholder feedback into action in the United States and internationally. It offers survey software products under the SurveyMonkey brand, that enable customers to listen and take action on stakeholder feedback; GetFeedback CX platform, which enables companies to leverage in-the-moment customer feedback to engage and retain their customers; GetFeedback Essentials provides companies the tools to launch customer experience programs quickly by gathering feedback via email and across their websites, analyzing it in one place, and integrating with their Salesforce CRM platform; GetFeedback Pro, includes the Essentials features and adds feedback collection channels, advanced analytics, automation, and additional pre-built integrations; and GetFeedback Ultimate, comprises the GetFeedback Pro features and adds mobile apps as a feedback collection channel and enables single sign-on.

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Analyst Recommendations for Momentive Global (NASDAQ:MNTV)

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