The Vanguard Group, Inc. has recently announced that it has increased stake in UserTesting Inc. (NYSE:USER) by 23.86%. After grabbing 3.48 million shares, the institutional investor is now in possession of 0.67 million shares of the Technology Company. The new investment brought the stake of investor firm to 2.42% having worth around $25.77 million. Moreover, BlackRock Fund Advisors increased its share by 0.43 million to have a control over 2.41 million shares. And Geode Capital Management LLC raised its holdings to 0.39 million shares by acquiring 0.76 million shares or 0.53% of the stake.
UserTesting Inc. (USER) concluded trading on 11/23/22 at a closing price of $7.42, with 3.64 million shares of worth about $26.98 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 60.61% during that period and on Wednesday the price saw a loss of about -0.13%. Currently the company’s common shares owned by public are about 143.32M shares, out of which, 124.28M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the USER stock and their offered price forecasts bring an average price target of $7.57. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $8.00 and could fall to a lowest price of $7.50. The stock’s current price level is 11.24% above of average price target set by the analysts, while a rise to estimated low would result in gain of 1.07% for the stock. However, touching the estimated high of $8.00 would mean a gain of 7.25% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 167 times over the past 12 months. They bought 6,703,443 shares in 164 of the transactions. In 3 selling transactions, insiders dumped 13,605,353 shares.
Vanguard Total Stock Market Index, Artemis Investment Funds ICVC – U, and Artemis Funds are the top 3 mutual funds which are holding stakes in UserTesting Inc. Vanguard Total Stock Market Index is currently holding 2.6 million shares of worth totaling $19.22 million. The company recently came buying 0.0 shares which brought its stake up to 1.80% of the company’s outstanding shares. Artemis Funds, after buying 1.06 million shares, have now control over 0.74% of the stake in the company. It holds 26612.0 shares of worth $7.87 million.
UserTesting Inc. (NYSE: USER) started trading at $7.44, above $0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 7.44, or with a loss of -0.13%. Stock saw a price change of 0.00% in past 5 days and over the past one month there was a price change of 88.32%. Year-to-date (YTD), USER shares are showing a performance of -11.88% which decreased to -32.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.31 but also hit the highest price of $11.99 during that period. The average intraday trading volume for UserTesting Inc. shares is 1.23 million. The stock is currently trading 2.39% above its 20-day simple moving average (SMA20), while that difference is up 42.90% for SMA50 and it goes to 16.00% higher than SMA200.
The Vanguard Group, Inc. acquired 3.48 million shares of UserTesting Inc. having value of about $25.77 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.67 million shares in the company valued at close to $4977298.9, or have control over 23.86% stake in the company. UserTesting Inc. (NYSE: USER) currently have 143.32M outstanding shares and institutions hold larger chunk of about 88.20% of that. Holding of mutual funds in the company is about 55.45% while other institutional holders and individual stake holders have control over 7.51% and 1.51% of the stake respectively.
The stock has a current market capitalization of $1.07B. It has posted earnings per share of -$0.46 in the same period. It has Quick Ratio of 1.90 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for USER, volatility over the week remained 0.61% while standing at 1.24% over the month.
Analysts are in expectations that UserTesting Inc. (USER) stock would likely to be making an EPS of -$0.09 in the current quarter, while forecast for next quarter EPS is -$0.08 and it is -$0.28 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.09 which is -$0.07 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -47.80% while it is estimated to increase by 10.00% in next year.
Analysts at 9 brokerage firms have issued recommendations for the UserTesting Inc. (USER)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.60. Out of those 9 Wall Street analysts, 2 recommended a “Buy” rating, while 7 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on October 19, 2022 offering an Equal-weight rating for the stock and assigned a target price range of between $8.50 and $4.50 to it. Coverage by Oppenheimer stated UserTesting Inc. (USER) stock as an Outperform in their note to investors on June 17, 2022, suggesting a price target of $12 for the stock. On December 13, 2021, William Blair Initiated their recommendations, while on December 13, 2021, Truist Initiated their ratings for the stock with a price target of $15. Stock get an Outperform rating from Robert W. Baird on December 13, 2021.