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Monday, June 5, 2023

Are Things Looking Up For Momentive Global Inc. (NASDAQ: MNTV)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Momentive Global Inc. (MNTV) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $9.37. The Momentive Global Inc. has recorded 6,498 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Momentive Announces First Quarter 2023 Financial Results.

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Stocks Info

The company is listed on the NASDAQ and operates within the Software – Application industry segment. At the end of the last regular session, the stock closed at $9.37 and fluctuated between $9.39 as its day high and $9.37 as its day low. The current market capitalization of Momentive Global Inc. is $1.41B. A total of 0.74 million shares were traded on the day, compared to an average of 3.79M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, MNTV has seen 7 BUY and 7 SELL insider trades, representing the acquisition of 994,697 and the disposition of 51,808 shares. Over the last 12 months, there were 33 BUYs and 33 SELLs from insiders. Insiders purchased 2,468,064 shares during that period but sold 271,347.

In the most recent transaction, Lurie Alexander J sold 6,497 shares of MNTV for 9.25 per share on Mar 14. After the transaction, the Chief Executive Officer now owns 1,452,037 company shares. In a previous transaction on Feb 21, Blum Lora D sold 5,038 shares at 7.20 per share. MNTV shares that Chief Legal Officer & Secty owns now total 167,407.

Among the insiders who sold shares, Lurie Alexander J disposed of 13,464 shares on Feb 17 at a per-share price of $7.76. This resulted in the Chief Executive Officer holding 1,458,534 shares of MNTV after the transaction. In another insider transaction, Carr Priyanka sold 8,762 shares at $7.76 per share on Feb 17. Company shares held by the Chief Operating Officer now total 245,386.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for MNTV in the last 3 months, the mean price target is $9.47 with high estimates of $9.50 and low estimates of $9.46. In terms of 52-week highs and lows, MNTV has a high of $13.48 and a low of $5.14.

As of this writing, MNTV has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.09 per share and a lower estimate of $0.06. The company reported an EPS of $0.14 in the last quarter, which was 40.00% higher than expectations of $0.1.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MNTV’s latest balance sheet shows that the firm has $305.52M in Cash & Short Term Investments as of fiscal 2021. There were $288.24M in debt and $295.95M in liabilities at the time. Its Book Value Per Share was $1.91, while its Total Shareholder’s Equity was $354.47M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MNTV is Buy with a score of 3.60.

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