Qualtrics International’s (XM) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Qualtrics International (NYSE:XM) in a research note published on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft currently has a $45.00 price objective on the stock, up from their previous price objective of $43.00.

Other research analysts have also issued research reports about the stock. BMO Capital Markets upgraded shares of Qualtrics International from a market perform rating to an outperform rating and raised their price target for the stock from $38.00 to $45.00 in a report on Thursday, April 22nd. Barclays raised their price target on shares of Qualtrics International from $41.00 to $43.00 and gave the stock an equal weight rating in a report on Wednesday. Piper Sandler upgraded shares of Qualtrics International from a neutral rating to an overweight rating and set a $49.00 price target for the company in a report on Thursday, April 22nd. Oppenheimer lowered their price target on shares of Qualtrics International from $57.00 to $51.00 in a report on Wednesday, May 19th. Finally, Loop Capital raised their price target on shares of Qualtrics International from $35.00 to $39.00 and gave the stock a hold rating in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $48.83.

Shares of NYSE XM opened at $36.86 on Wednesday. The firm has a 50 day simple moving average of $35.29. The company has a market cap of $18.84 billion and a price-to-earnings ratio of -57.59. Qualtrics International has a 1 year low of $29.36 and a 1 year high of $57.28.

Qualtrics International (NYSE:XM) last issued its quarterly earnings data on Monday, July 19th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. The business had revenue of $249.35 million during the quarter, compared to the consensus estimate of $241.66 million. The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.01) EPS. Analysts predict that Qualtrics International will post -1.72 EPS for the current fiscal year.

In related news, CTO John Thimsen sold 24,993 shares of Qualtrics International stock in a transaction on Wednesday, May 5th. The shares were sold at an average price of $35.48, for a total value of $886,751.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan S. Smith sold 176,385 shares of Qualtrics International stock in a transaction on Wednesday, May 5th. The shares were sold at an average price of $35.48, for a total transaction of $6,258,139.80. Following the completion of the sale, the insider now directly owns 13,623,609 shares of the company’s stock, valued at approximately $483,365,647.32. The disclosure for this sale can be found here. In the last three months, insiders sold 224,496 shares of company stock valued at $7,965,118. 1.30% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich bought a new position in Qualtrics International during the 1st quarter valued at $33,000. Fifth Third Bancorp bought a new position in Qualtrics International during the 1st quarter valued at $33,000. The PNC Financial Services Group Inc. bought a new position in Qualtrics International during the 1st quarter valued at $37,000. Crewe Advisors LLC bought a new position in Qualtrics International during the 1st quarter valued at $38,000. Finally, Nvwm LLC bought a new stake in shares of Qualtrics International during the 1st quarter worth $56,000. Institutional investors and hedge funds own 13.85% of the company’s stock.

About Qualtrics International

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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