Brokerages Set Qualtrics International Inc. (NASDAQ:XM) Price Target at $16.88

Qualtrics International Inc. (NASDAQ:XM – Get Rating) has received an average rating of “Hold” from the twenty-one research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $17.18.

A number of brokerages have recently commented on XM. Deutsche Bank Aktiengesellschaft downgraded shares of Qualtrics International from a “buy” rating to a “hold” rating and lifted their price objective for the company from $14.00 to $19.00 in a research report on Wednesday, February 1st. JMP Securities downgraded shares of Qualtrics International from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Morgan Stanley decreased their price objective on shares of Qualtrics International from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Monday, December 19th. Truist Financial decreased their price objective on shares of Qualtrics International from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Tuesday, January 24th. Finally, BMO Capital Markets downgraded shares of Qualtrics International from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $17.00 to $18.15 in a research report on Monday, March 6th.

Qualtrics International Trading Down 0.2 %

Shares of XM stock opened at $17.65 on Wednesday. Qualtrics International has a 1 year low of $9.32 and a 1 year high of $30.67. The firm’s fifty day moving average price is $15.11 and its two-hundred day moving average price is $12.10. The firm has a market capitalization of $10.63 billion, a P/E ratio of -9.70 and a beta of 1.72.

Qualtrics International (NASDAQ:XM – Get Rating) last issued its quarterly earnings results on Wednesday, January 25th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.03). Qualtrics International had a negative net margin of 72.77% and a negative return on equity of 52.36%. The business had revenue of $389.09 million during the quarter, compared to analyst estimates of $380.99 million. As a group, equities research 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, CEO Zig Serafin sold 167,655 shares of the business’s stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $16.52, for a total value of $2,769,660.60. Following the completion of the sale, the chief executive officer now owns 11,758,799 shares of the company’s stock, valued at approximately $194,255,359.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Zig Serafin sold 167,655 shares of the business’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $16.52, for a total value of $2,769,660.60. Following the completion of the transaction, the chief executive officer now directly owns 11,758,799 shares in the company, valued at approximately $194,255,359.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider De’porres Brightful sold 1,996 shares of the business’s stock in a transaction that occurred on Friday, February 10th. The shares were sold at an average price of $15.97, for a total transaction of $31,876.12. Following the completion of the transaction, the insider now owns 480,384 shares of the company’s stock, valued at $7,671,732.48. The disclosure for this sale can be found here. Insiders sold 969,324 shares of company stock valued at $15,899,273 in the last quarter. Company insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Qualtrics International

Hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc increased its position in Qualtrics International by 2,000.0% during the 3rd quarter. IFP Advisors Inc now owns 2,100 shares of the company’s stock worth $97,000 after purchasing an additional 2,000 shares in the last quarter. Global Wealth Strategies & Associates acquired a new position in Qualtrics International during the 4th quarter worth approximately $31,000. Coppell Advisory Solutions Corp. acquired a new position in Qualtrics International during the 4th quarter worth approximately $47,000. Benjamin F. Edwards & Company Inc. increased its position in Qualtrics International by 338.6% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 5,399 shares of the company’s stock worth $55,000 after purchasing an additional 4,168 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in Qualtrics International by 45.5% during the 1st quarter. Advisors Asset Management Inc. now owns 6,220 shares of the company’s stock worth $178,000 after purchasing an additional 1,946 shares in the last quarter. 21.24% of the stock is currently owned by institutional investors and hedge funds.

About Qualtrics International

(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.