UserTesting (NYSE:USER) Updates FY 2022 Earnings Guidance

UserTesting (NYSE:USERGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share guidance of -$0.39–$0.37 for the period, compared to the consensus earnings per share estimate of -$0.40. The company issued revenue guidance of $197.00 million-$201.00 million, compared to the consensus revenue estimate of $196.71 million.UserTesting also updated its Q2 2022 guidance to -$0.10–$0.10 EPS.

NYSE:USER traded up $0.55 during midday trading on Thursday, hitting $5.07. The company had a trading volume of 361,913 shares, compared to its average volume of 370,618. UserTesting has a 52-week low of $4.14 and a 52-week high of $15.98. The stock has a fifty day simple moving average of $8.44.

UserTesting (NYSE:USERGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. The business had revenue of $45.90 million for the quarter, compared to analysts’ expectations of $43.58 million. The business’s revenue for the quarter was up 47.6% compared to the same quarter last year. Equities analysts predict that UserTesting will post -0.63 earnings per share for the current fiscal year.

Several research firms have issued reports on USER. William Blair restated an outperform rating on shares of UserTesting in a research report on Thursday, May 5th. JPMorgan Chase & Co. cut their price target on shares of UserTesting from $14.00 to $13.00 in a research report on Tuesday, March 1st. Finally, Zacks Investment Research lowered shares of UserTesting from a buy rating to a hold rating in a research report on Thursday, May 12th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of $12.95.

In related news, major shareholder Insight Holdings Group, Llc purchased 83,925 shares of the firm’s stock in a transaction that occurred on Friday, March 4th. The stock was bought at an average cost of $9.91 per share, with a total value of $831,696.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have bought 512,905 shares of company stock valued at $4,583,120.

UserTesting Company Profile (Get Rating)

UserTesting, Inc engages in the operation of a software-as-a-service (SaaS) platform that enables organizations to know experiences of people as they engage with products, designs, apps, processes, concepts, or brands in the United States, the United Kingdom, and internationally. Its platform captures customer perspectives from targeted audiences who share their thoughts for digital, real-world, or omnichannel experiences.

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