Qualtrics International Inc. (NYSE:XM) Receives $47.78 Consensus Price Target from Brokerages

Shares of Qualtrics International Inc. (NYSE:XM) have been assigned an average rating of “Buy” from the nineteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $47.78.

Several analysts have recently commented on the company. Morgan Stanley assumed coverage on Qualtrics International in a research note on Tuesday, February 23rd. They issued an “equal weight” rating and a $44.00 price objective for the company. Bank of America raised Qualtrics International from a “neutral” rating to a “buy” rating and increased their price target for the company from $43.00 to $45.00 in a research report on Wednesday, May 19th. BMO Capital Markets raised Qualtrics International from a “market perform” rating to an “outperform” rating and increased their price target for the company from $38.00 to $45.00 in a research report on Thursday, April 22nd. The Goldman Sachs Group started coverage on Qualtrics International in a research report on Tuesday, February 23rd. They set a “neutral” rating and a $45.00 price target for the company. Finally, Raymond James decreased their price target on Qualtrics International from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Thursday, April 22nd.

In related news, Director Lake Group L.L.C. Silver purchased 23,070 shares of the business’s stock in a transaction dated Monday, May 17th. The stock was purchased at an average cost of $32.51 per share, with a total value of $750,005.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert W. Bachman sold 5,885 shares of the firm’s stock in a transaction on Wednesday, May 5th. The stock was sold at an average price of $35.48, for a total value of $208,799.80. Following the completion of the transaction, the chief financial officer now directly owns 515,436 shares of the company’s stock, valued at $18,287,669.28. The disclosure for this sale can be found here. Insiders sold 224,496 shares of company stock valued at $7,965,118 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Qualtrics International in the first quarter worth $33,000. Fifth Third Bancorp purchased a new stake in shares of Qualtrics International in the first quarter worth $33,000. The PNC Financial Services Group Inc. purchased a new stake in shares of Qualtrics International in the first quarter worth $37,000. Crewe Advisors LLC purchased a new stake in Qualtrics International during the first quarter valued at about $38,000. Finally, Nvwm LLC purchased a new stake in Qualtrics International during the first quarter valued at about $56,000. Institutional investors own 13.78% of the company’s stock.

Shares of Qualtrics International stock traded up $0.70 on Thursday, hitting $35.77. The company had a trading volume of 520,198 shares, compared to its average volume of 1,843,204. The firm has a market capitalization of $18.29 billion and a PE ratio of -54.80. Qualtrics International has a 1 year low of $29.36 and a 1 year high of $57.28. The stock’s 50 day simple moving average is $34.40.

Qualtrics International (NYSE:XM) last issued its quarterly earnings data on Tuesday, April 20th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.04. The company had revenue of $238.60 million during the quarter, compared to analysts’ expectations of $227.39 million. The business’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same period last year, the company earned ($0.08) earnings per share. As a group, analysts predict that Qualtrics International will post -1.72 EPS for the current fiscal year.

Qualtrics International Company Profile

Qualtrics International Inc provides an experience management platform for organizations to design, manage, and improve customer, employee, product, and brand experiences of businesses. The company offers Qualtrics XM Platform, a system of action that allows organizations to design new breakthrough experiences; and continuously improve broken experiences through identifying issues, addressing the root cause, and then overhauling processes before they manifest as lower trending satisfaction scores.

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Analyst Recommendations for Qualtrics International (NYSE:XM)

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