UserTesting Inc (NYSE:USER) Expected to Announce Quarterly Sales of $47.00 Million

Analysts expect UserTesting Inc (NYSE:USERGet Rating) to announce sales of $47.00 million for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for UserTesting’s earnings. The lowest sales estimate is $46.69 million and the highest is $47.36 million. The company is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that UserTesting will report full-year sales of $198.93 million for the current fiscal year, with estimates ranging from $198.24 million to $199.26 million. For the next fiscal year, analysts anticipate that the business will post sales of $261.80 million, with estimates ranging from $257.52 million to $265.90 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow UserTesting.

UserTesting (NYSE:USERGet Rating) last issued its 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 during the quarter, compared to the consensus estimate of $43.58 million. The firm’s revenue was up 47.6% on a year-over-year basis.

A number of brokerages recently weighed in on USER. 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. Zacks Investment Research downgraded shares of UserTesting from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. Finally, William Blair reiterated an “outperform” rating on shares of UserTesting in a research report on Thursday, May 5th. 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $12.95.

In related news, major shareholder Insight Holdings Group, Llc purchased 75,276 shares of the stock in a transaction on Thursday, February 24th. The shares were purchased at an average cost of $7.91 per share, with a total value of $595,433.16. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders purchased a total of 436,711 shares of company stock valued at $3,952,229 over the last quarter.

Shares of NYSE:USER traded down $0.27 during mid-day trading on Friday, reaching $4.55. The stock had a trading volume of 3,406 shares, compared to its average volume of 376,717. The stock has a 50 day moving average of $8.18. UserTesting has a twelve month low of $4.14 and a twelve month high of $15.98.

About UserTesting (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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