Qualtrics International Inc. (NASDAQ: XM) stock fell -1.98% on Tuesday to $11.36 against a previous-day closing price of $11.59. With 1.09 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.72 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $11.75 whereas the lowest price it dropped to was $11.29. The 52-week range on XM shows that it touched its highest point at $32.81 and its lowest point at $9.32 during that stretch. It currently has a 1-year price target of $15.78.
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 XM was up-trending over the past week, with a rise of 4.22%, but this was up by 12.81% over a month. Three-month performance surged to 7.37% while six-month performance fell -6.66%. The stock lost -55.22% in the past year, while it has gained 9.44% so far this year. A look at the trailing 12-month EPS for XM yields -1.94 with Next year EPS estimates of 0.10. For the next quarter, that number is 0.03. This implies an EPS growth rate of -278.50% for this year and 163.89% for next year.
Float and Shares Shorts:
At present, 586.85 million XM shares are outstanding with a float of 153.40 million shares on hand for trading. On Oct 13, 2022, short shares totaled 4.5 million, which was 0.77% higher than short shares on Sep 14, 2022. In addition to Mr. Ryan S. Smith as the firm’s Founder & Exec. Chairman, Mr. Zig Serafin serves as its CEO & Director.
Through their ownership of 78.82% of XM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 37.83% of XM, in contrast to 31.03% held by mutual funds. Shares owned by individuals account for 28.48%. As the largest shareholder in XM with 5.38% of the stake, The Vanguard Group, Inc. holds 9,017,348 shares worth 9,017,348. A second-largest stockholder of XM, Tiger Global Management LLC, holds 7,449,000 shares, controlling over 4.45% of the firm’s shares. Greenvale Capital LLP is the third largest shareholder in XM, holding 7,000,000 shares or 4.18% stake. With a 2.03% stake in XM, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 3,394,615 shares are owned by the mutual fund manager. The ACAP Strategic Fund, which owns about 1.72% of XM stock, is the second-largest Mutual Fund holder. It holds 2,875,913 shares valued at 29.85 million. Vanguard Small Cap Index Fund holds 1.68% of the stake in XM, owning 2,807,445 shares worth 29.14 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for XM since 18 analysts follow the stock currently. There are 15 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 1 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 XM analysts setting a high price target of $28.00 and a low target of $11.00, the average target price over the next 12 months is $15.47. Based on these targets, XM could surge 146.48% to reach the target high and fall by -3.17% to reach the target low. Reaching the average price target will result in a growth of 36.18% 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. XM will report FY 2022 earnings on 01/24/2024. Analysts have provided yearly estimates in a range of $0.08 being high and $0.01 being low. For XM, this leads to a yearly average estimate of $0.04. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Qualtrics International Inc. surprised analysts by $0.06 when it reported $0.04 EPS against a consensus estimate of -$0.02. The surprise factor in the prior quarter was -$0.04. The average estimate for the next quarter is thus $0.02.
Summary of Insider Activity:
Insiders traded XM stock several times over the past three months with 2 Buys and 7 Sells. In these transactions, 119,782 shares were bought while 985,378 shares were sold. The number of buy transactions has increased to 74 while that of sell transactions has risen to 63 over the past year. The total number of shares bought during that period was 6,259,540 while 8,915,227 shares were sold.