Qualtrics International (NASDAQ:XM) PT Lowered to $20.00

Qualtrics International (NASDAQ:XM – Get Rating) had its price target lowered by analysts at HSBC from $40.00 to $20.00 in a note issued to investors on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the stock. HSBC’s target price suggests a potential upside of 30.12% from the company’s previous close.

Several other research analysts also recently commented on the company. Canaccord Genuity Group reduced their target price on Qualtrics International from $34.00 to $16.00 in a report on Thursday, July 21st. Barclays lowered their price target on shares of Qualtrics International from $30.00 to $16.00 in a report on Monday, July 18th. Oppenheimer reduced their price target on shares of Qualtrics International from $35.00 to $19.00 and set an “outperform” rating on the stock in a research report on Thursday, July 21st. JMP Securities lowered their target price on shares of Qualtrics International from $59.00 to $46.00 and set a “market outperform” rating for the company in a research note on Friday, April 22nd. Finally, BMO Capital Markets decreased their price target on shares of Qualtrics International from $32.00 to $16.00 in a research note on Wednesday, July 20th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $25.12.

Qualtrics International Price Performance

XM opened at $15.37 on Tuesday. Qualtrics International has a 12 month low of $11.33 and a 12 month high of $49.03. The stock has a market cap of $8.93 billion, a P/E ratio of -7.28 and a beta of 1.73. The stock’s 50 day moving average price is $13.09 and its 200 day moving average price is $20.69.

Qualtrics International (NASDAQ:XM – Get Rating) last issued its earnings results on Wednesday, July 20th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.40) by ($0.07). The business had revenue of $356.37 million during the quarter, compared to analyst estimates of $344.98 million. Qualtrics International had a negative return on equity of 75.46% and a negative net margin of 91.22%. The business’s quarterly revenue was up 42.9% on a year-over-year basis. During the same period last year, the business earned ($0.51) EPS. Equities analysts anticipate that Qualtrics International will post -1.75 EPS for the current year.

Hedge Funds Weigh In On Qualtrics International

A number of large investors have recently added to or reduced their stakes in XM. Cedar Mountain Advisors LLC bought a new position in Qualtrics International in the first quarter worth about $26,000. Rockefeller Capital Management L.P. bought a new position in Qualtrics International in the fourth quarter worth about $28,000. Apeiron RIA LLC acquired a new position in shares of Qualtrics International during the second quarter valued at about $38,000. Signaturefd LLC increased its holdings in shares of Qualtrics International by 68.8% during the first quarter. Signaturefd LLC now owns 1,350 shares of the company’s stock valued at $39,000 after acquiring an additional 550 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of Qualtrics International by 16.8% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 4,657 shares of the company’s stock valued at $133,000 after acquiring an additional 670 shares in the last quarter.

About Qualtrics International

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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.