Momentive Global Inc. (NASDAQ:MNTV) Receives $31.64 Average Target Price from Analysts

Shares of Momentive Global Inc. (NASDAQ:MNTV – Get Rating) have been given a consensus rating of “Buy” by the eight analysts that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $30.93.

A number of analysts have issued reports on MNTV shares. Truist Financial cut their price target on shares of Momentive Global from $27.00 to $20.00 in a research note on Tuesday, March 1st. Craig Hallum upgraded shares of Momentive Global from a “hold” rating to a “buy” rating and set a $18.50 price target on the stock in a research note on Thursday, May 5th. Credit Suisse Group cut their price target on shares of Momentive Global from $23.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 1st. Needham & Company LLC cut their price target on shares of Momentive Global from $28.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, February 22nd. Finally, Stifel Nicolaus lowered their price objective on Momentive Global from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Monday, March 21st.

NASDAQ MNTV traded up $0.27 during trading hours on Tuesday, hitting $11.95. 1,619,007 shares of the company’s stock traded hands, compared to its average volume of 2,066,047. The firm has a market capitalization of $1.79 billion, a P/E ratio of -13.58 and a beta of 1.29. Momentive Global has a 52 week low of $10.89 and a 52 week high of $25.00. The business’s fifty day moving average price is $15.65 and its two-hundred day moving average price is $17.73. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.60.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Hong Kong Ltd acquired a new position in Momentive Global in the fourth quarter valued at approximately $63,000. Advisor Group Holdings Inc. boosted its holdings in Momentive Global by 44.4% in the third quarter. Advisor Group Holdings Inc. now owns 3,592 shares of the company’s stock valued at $72,000 after purchasing an additional 1,104 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Momentive Global in the first quarter valued at approximately $82,000. Advisors Asset Management Inc. acquired a new position in Momentive Global in the fourth quarter valued at approximately $99,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Momentive Global by 74.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,200 shares of the company’s stock valued at $106,000 after purchasing an additional 2,650 shares in the last quarter. 67.71% of the stock is owned by hedge funds and other institutional investors.

About Momentive Global (Get Rating)

Momentive Global Inc provides Software-as-a-Service solutions that help businesses turn stakeholder feedback into action in the United States and internationally. It offers survey software products under the SurveyMonkey brand, that enable customers to listen and take action on stakeholder feedback; GetFeedback CX platform, which enables companies to leverage in-the-moment customer feedback to engage and retain their customers; GetFeedback Essentials provides companies the tools to launch customer experience programs quickly by gathering feedback via email and across their websites, analyzing it in one place, and integrating with their Salesforce CRM platform; GetFeedback Pro, includes the Essentials features and adds feedback collection channels, advanced analytics, automation, and additional pre-built integrations; and GetFeedback Ultimate, comprises the GetFeedback Pro features and adds mobile apps as a feedback collection channel and enables single sign-on.

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