Qualtrics International (NASDAQ:XM) Price Target Increased to $18.00 by Analysts at Loop Capital

Qualtrics International (NASDAQ:XM – Get Rating) had its target price hoisted by Loop Capital from $11.00 to $18.00 in a research report sent to investors on Tuesday, The Fly reports.

Other research analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft cut shares of Qualtrics International from a buy rating to a hold rating and boosted their target price for the stock from $14.00 to $19.00 in a research report on Wednesday, February 1st. BMO Capital Markets lowered shares of Qualtrics International from an outperform rating to a market perform rating and lifted their price target for the stock from $17.00 to $18.15 in a research note on Monday, March 6th. William Blair lowered shares of Qualtrics International from an outperform rating to a market perform rating in a research note on Monday, March 6th. Piper Sandler lowered shares of Qualtrics International from an overweight rating to a neutral rating in a research note on Monday. Finally, Raymond James lowered shares of Qualtrics International from an outperform rating to a market perform rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $17.58.

Qualtrics International Stock Down 0.1 %

Shares of XM stock opened at $17.66 on Tuesday. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of -9.70 and a beta of 1.72. Qualtrics International has a fifty-two week low of $9.32 and a fifty-two week high of $30.95. The firm’s 50 day moving average price is $14.68 and its two-hundred day moving average price is $11.98.

Qualtrics International (NASDAQ:XM – Get Rating) last announced its quarterly earnings results on Wednesday, January 25th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.03). The business had revenue of $389.09 million for the quarter, compared to analyst estimates of $380.99 million. Qualtrics International had a negative net margin of 72.77% and a negative return on equity of 52.36%. On average, equities analysts forecast that Qualtrics International will post -1.36 EPS for the current fiscal year.

Insider Buying and Selling at Qualtrics International

In other Qualtrics International news, insider Brad R. Anderson sold 4,296 shares of the company’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $16.52, for a total transaction of $70,969.92. Following the completion of the sale, the insider now directly owns 497,036 shares of the company’s stock, valued at $8,211,034.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, President Chris Beckstead sold 52,093 shares of the company’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $16.56, for a total value of $862,660.08. Following the transaction, the president now owns 5,646,715 shares in the company, valued at approximately $93,509,600.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brad R. Anderson sold 4,296 shares of the company’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $16.52, for a total value of $70,969.92. Following the completion of the transaction, the insider now owns 497,036 shares in the company, valued at approximately $8,211,034.72. The disclosure for this sale can be found here. In the last three months, insiders sold 969,324 shares of company stock valued at $15,899,273. 2.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Qualtrics International

A number of large investors have recently made changes to their positions in the business. ArrowMark Colorado Holdings LLC bought a new stake in Qualtrics International during the fourth quarter worth approximately $48,192,000. EdgePoint Investment Group Inc. acquired a new stake in shares of Qualtrics International in the third quarter valued at $42,351,000. Price T Rowe Associates Inc. MD increased its stake in shares of Qualtrics International by 1,026.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,358,053 shares of the company’s stock valued at $42,009,000 after buying an additional 3,060,046 shares in the last quarter. Renaissance Technologies LLC increased its position in Qualtrics International by 487.2% in the second quarter. Renaissance Technologies LLC now owns 2,377,000 shares of the company’s stock worth $29,736,000 after purchasing an additional 1,972,200 shares during the period. Finally, Vanguard Group Inc. increased its position in Qualtrics International by 32.3% in the first quarter. Vanguard Group Inc. now owns 7,460,496 shares of the company’s stock worth $212,997,000 after purchasing an additional 1,819,875 shares during the period. Institutional investors and hedge funds own 21.24% of the company’s stock.

Qualtrics International Company Profile

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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.