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

Momentive Global Inc. (NASDAQ:MNTV – Get Rating) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $13.42.

MNTV has been the subject of a number of recent analyst reports. Needham & Company LLC cut their price target on shares of Momentive Global from $11.00 to $9.00 and set a “buy” rating for the company in a report on Friday, February 17th. Credit Suisse Group restated a “neutral” rating and set a $13.00 price target on shares of Momentive Global in a report on Friday, February 17th. Truist Financial lowered their price objective on shares of Momentive Global from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, February 21st. Finally, Wells Fargo & Company lowered their price objective on shares of Momentive Global from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday, January 19th.

Insider Activity at Momentive Global

In other Momentive Global news, insider Clarence Ewell sold 5,898 shares of the company’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $7.76, for a total transaction of $45,768.48. Following the sale, the insider now owns 251,960 shares in the company, valued at approximately $1,955,209.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Momentive Global news, insider Lora D. Blum sold 5,038 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $7.20, for a total transaction of $36,273.60. Following the sale, the insider now owns 167,407 shares in the company, valued at approximately $1,205,330.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Clarence Ewell sold 5,898 shares of the company’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $7.76, for a total value of $45,768.48. Following the sale, the insider now owns 251,960 shares in the company, valued at approximately $1,955,209.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,162 shares of company stock worth $254,516. Company insiders own 17.70% of the company’s stock.

Institutional Investors Weigh In On Momentive Global

Several large investors have recently bought and sold shares of the stock. Point72 Middle East FZE purchased a new stake in Momentive Global during the 4th quarter worth about $102,000. State of Wyoming increased its holdings in shares of Momentive Global by 93.4% in the 4th quarter. State of Wyoming now owns 26,364 shares of the company’s stock valued at $185,000 after acquiring an additional 12,729 shares during the last quarter. CI Private Wealth LLC purchased a new position in shares of Momentive Global in the 4th quarter valued at about $143,000. Metropolitan Life Insurance Co NY increased its holdings in shares of Momentive Global by 21.7% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 8,128 shares of the company’s stock valued at $57,000 after acquiring an additional 1,447 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Momentive Global in the 4th quarter valued at about $140,000. Hedge funds and other institutional investors own 77.56% of the company’s stock.

Momentive Global Stock Up 2.7 %

MNTV stock opened at $7.69 on Monday. The firm has a 50-day moving average of $7.41 and a two-hundred day moving average of $7.18. The company has a market cap of $1.15 billion, a price-to-earnings ratio of -12.82 and a beta of 1.52. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64. Momentive Global has a 12 month low of $5.14 and a 12 month high of $18.48.

Momentive Global Company Profile

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Momentive Global, Inc provides agile software solutions that help companies turn stakeholder feedback into action. Its platform empowers users to collect, analyze, and act on feedback from customers, employees, website and application users, and market research audiences. The company offers enterprise solutions for agile experience management and insights by three product brands: Momentive, GetFeedback, and SurveyMonkey.