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

Brokerages predict that UserTesting Inc (NYSE:USER – Get Rating) will report sales of $47.00 million for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for UserTesting’s earnings. The lowest sales estimate is $46.69 million and the highest is $47.36 million. The company is expected to issue its next quarterly earnings results 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 financial 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’ sales averages are a mean average based on a survey of research analysts that follow UserTesting.

UserTesting (NYSE:USER – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The company had revenue of $45.90 million during the quarter, compared to analyst estimates of $43.58 million. The company’s revenue was up 47.6% on a year-over-year basis.

USER has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of UserTesting from a “buy” rating to a “hold” rating in a report on Thursday, May 12th. William Blair restated an “outperform” rating on shares of UserTesting in a research note on Thursday, May 5th. Finally, JPMorgan Chase & Co. decreased their target price on UserTesting from $14.00 to $13.00 in a research report on Tuesday, March 1st. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $12.95.

In other UserTesting news, major shareholder Insight Holdings Group, Llc acquired 176,936 shares of the company’s stock in a transaction on Wednesday, March 2nd. The shares were bought at an average cost of $9.65 per share, for a total transaction of $1,707,432.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 436,711 shares of company stock worth $3,952,229 over the last 90 days.

Shares of USER traded down $0.27 during mid-day trading on Friday, reaching $4.55. The company had a trading volume of 3,406 shares, compared to its average volume of 376,717. The company’s fifty day simple moving average is $8.18. UserTesting has a fifty-two week low of $4.14 and a fifty-two week 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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