A look into Momentive Global Inc. (MNTV)’s deeper side

Momentive Global Inc. (NASDAQ: MNTV) stock fell -1.30% on Tuesday to $7.60 against a previous-day closing price of $7.70. With 0.7 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.39 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $7.78 whereas the lowest price it dropped to was $7.57. The 52-week range on MNTV shows that it touched its highest point at $18.48 and its lowest point at $5.14 during that stretch. It currently has a 1-year price target of $11.42. Beta for the stock currently stands at 1.50.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MNTV was up-trending over the past week, with a rise of 4.97%, but this was up by 11.11% over a month. Three-month performance dropped to -0.65% while six-month performance fell -19.92%. The stock lost -54.08% in the past year, while it has gained 8.57% so far this year. A look at the trailing 12-month EPS for MNTV yields -0.86 with Next year EPS estimates of 0.34. For the next quarter, that number is 0.10. This implies an EPS growth rate of -28.00% for this year and 144.29% for next year. EPS is expected to decline by -9.46% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -6.10%.

Float and Shares Shorts:

At present, 146.95 million MNTV shares are outstanding with a float of 128.25 million shares on hand for trading. On Oct 13, 2022, short shares totaled 4.74 million, which was 3.21% higher than short shares on Sep 14, 2022. In addition to Mr. Alexander Joseph Lurie as the firm’s Interim CFO, CEO & Director, Mr. Ryan Nabil Finley serves as its Independent Director.

Institutional Ownership:

Through their ownership of 82.27% of MNTV’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 9.46% of MNTV, in contrast to 45.33% held by mutual funds. Shares owned by individuals account for 34.94%. As the largest shareholder in MNTV with 10.09% of the stake, ArrowMark Colorado Holdings LLC holds 15,000,056 shares worth 15,000,056. A second-largest stockholder of MNTV, The Vanguard Group, Inc., holds 12,331,154 shares, controlling over 8.30% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in MNTV, holding 8,281,719 shares or 5.57% stake. With a 3.36% stake in MNTV, the Vanguard Explorer Fund is the largest stakeholder. A total of 4,997,645 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.57% of MNTV stock, is the second-largest Mutual Fund holder. It holds 3,822,194 shares valued at 26.76 million. Vanguard Small Cap Index Fund holds 2.19% of the stake in MNTV, owning 3,256,085 shares worth 22.79 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MNTV since 6 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MNTV analysts setting a high price target of $15.00 and a low target of $7.00, the average target price over the next 12 months is $11.08. Based on these targets, MNTV could surge 97.37% to reach the target high and fall by -7.89% to reach the target low. Reaching the average price target will result in a growth of 45.79% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. MNTV will report FY 2022 earnings on 02/09/2024. Analysts have provided yearly estimates in a range of -$0.65 being high and -$0.71 being low. For MNTV, this leads to a yearly average estimate of -$0.68. The surprise factor in the prior quarter was -$0.05. Based on analyst estimates, the high estimate for the next quarter is -$0.07 and the low estimate is -$0.12. The average estimate for the next quarter is thus -$0.09.

Summary of Insider Activity:

Insiders traded MNTV stock several times over the past three months with 2 Buys and 7 Sells. In these transactions, 328,013 shares were bought while 52,794 shares were sold. The number of buy transactions has increased to 32 while that of sell transactions has risen to 33 over the past year. The total number of shares bought during that period was 2,666,580 while 264,073 shares were sold.

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