Momentive Global Inc. (NASDAQ:MNTV) Receives $55.33 Average Price Target from Brokerages

Shares of Momentive Global Inc. (NASDAQ:MNTV) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $55.33.

A number of equities analysts have commented on MNTV shares. Craig Hallum lowered shares of Momentive Global from a “buy” rating to a “hold” rating in a research report on Friday, October 29th. Zacks Investment Research upgraded shares of Momentive Global from a “sell” rating to a “hold” rating in a research report on Wednesday, October 6th. Jefferies Financial Group reduced their price target on shares of Momentive Global from $120.00 to $110.00 and set a “hold” rating on the stock in a research report on Thursday, November 18th. TheStreet upgraded shares of Momentive Global from a “d+” rating to a “c-” rating in a research report on Tuesday, October 19th. Finally, Needham & Company LLC upped their target price on shares of Momentive Global from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 29th.

NASDAQ MNTV opened at $17.77 on Wednesday. The stock has a market cap of $2.67 billion, a P/E ratio of -26.13 and a beta of 1.29. The company’s 50-day simple moving average is $20.80 and its 200 day simple moving average is $21.04. Momentive Global has a twelve month low of $16.35 and a twelve month high of $28.12. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.58.

Momentive Global (NASDAQ:MNTV) last released its quarterly earnings results on Tuesday, November 9th. The company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.20. The firm had revenue of $114.75 million for the quarter, compared to analyst estimates of $120.47 million. Momentive Global had a negative net margin of 23.41% and a negative return on equity of 28.33%. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.19) earnings per share. Research analysts anticipate that Momentive Global will post -0.67 earnings per share for the current year.

In other Momentive Global news, insider John S. Schoenstein sold 7,834 shares of the stock in a transaction on Tuesday, November 16th. The shares were sold at an average price of $22.82, for a total value of $178,771.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Thomas E. Hale sold 13,827 shares of the firm’s stock in a transaction dated Tuesday, November 16th. The stock was sold at an average price of $22.82, for a total transaction of $315,532.14. The disclosure for this sale can be found here. Insiders have sold 47,479 shares of company stock worth $1,093,451 over the last quarter. 17.10% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. bought a new stake in shares of Momentive Global during the 2nd quarter valued at approximately $53,000. Macquarie Group Ltd. bought a new stake in shares of Momentive Global during the 2nd quarter valued at approximately $66,000. Harbor Investment Advisory LLC acquired a new stake in Momentive Global during the 3rd quarter worth approximately $69,000. Nisa Investment Advisors LLC acquired a new stake in Momentive Global during the 2nd quarter worth approximately $75,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Momentive Global during the 2nd quarter worth approximately $82,000. 78.01% of the stock is currently owned by hedge funds and other institutional investors.

About Momentive Global

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.

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