UserTesting (NYSE:USER) downgraded by Zacks Investment Research to hold
Zacks Investment Research cut shares by UserTesting (NYSE: USER – Get Tested) from a buy rating to a hold rating in a report released Wednesday, Zacks.com reports.
According to Zacks, “UserTesting pioneered an enterprise-grade SaaS platform that enables organizations to execute customer-centric visions by seeing and hearing the experiences of real people as they interact with products, designs, applications, processes, concepts or brands.The UserTesting Human Insight platform captures diverse customer perspectives from targeted audiences, who have chosen to share their thoughts, whether for digital experiences, real or omnichannel. The platform generates video-based customer experience stories. UserTesting is based in San Francisco, CA.”
Separately, JPMorgan Chase & Co. cut its price target on UserTesting from $14.00 to $13.00 in a Tuesday, March 1 report. One investment analyst has assigned the stock a hold rating, ten have assigned a buy rating and one has assigned the stock a high buy rating. According to data from MarketBeat.com, the stock currently has an average buy rating and an average target price of $13.16.
USER stock opened at $7.57 on Wednesday. The company’s 50-day moving average price is $9.31. UserTesting has a fifty-two week minimum of $4.50 and a fifty-two week maximum of $15.98.
UserTesting (NYSE: USER – Get Rating) last released its quarterly results on Wednesday, May 4. The company reported ($0.06) earnings per share for the quarter, beating analyst consensus estimates of ($0.08) by $0.02. The company posted revenue of $45.90 million for the quarter, compared to analyst estimates of $43.58 million. The company’s quarterly revenue increased 47.6% year over year. Analysts expect UserTesting to post -0.65 earnings per share for the current year.
In other news, major shareholder Insight Holdings Group, Llc acquired 83,925 shares of UserTesting in a transaction on Friday, March 4. The shares were acquired at an average cost of $9.91 per share, with a total value of $831,696.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Over the past ninety days, insiders have purchased 784,154 shares of the company valued at $6,870,577.
About User Testing (Get a rating)
UserTesting, Inc engages in the operation of a software-as-a-service (SaaS) platform that enables organizations to learn about people’s experiences when interacting with products, designs, applications, processes , concepts or brands in the United States, the United Kingdom and internationally. Its platform captures customer insights from targeted audiences who share their thoughts for digital, real-world or omnichannel experiences.
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