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Raymond James Thinks UserTesting’s Stock is Going to Recover

Raymond James analyst Brian Peterson maintained a Buy rating on UserTesting (USERResearch Report) today and set a price target of $9.00. The company’s shares closed last Friday at $5.31, close to its 52-week low of $4.14.

According to TipRanks.com, Peterson is a 5-star analyst with an average return of 19.3% and a 59.8% success rate. Peterson covers the Technology sector, focusing on stocks such as Qualtrics International, Manhattan Associates, and Instructure Holdings.

Currently, the analyst consensus on UserTesting is a Strong Buy with an average price target of $8.67, representing a 49.5% upside. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $9.00 price target.

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Based on UserTesting’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $45.85 million and GAAP net loss of $15.2 million. In comparison, last year the company earned revenue of $29.39 million and had a GAAP net loss of $7.85 million.

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of USER in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

UserTesting Inc is a video-first, enterprise-grade software-as-a-service (SaaS) platform that enables organizations to see and hear the experiences of real people as they engage with products, designs, apps, processes, concepts, or brands. Its platform captures customer perspectives from targeted audiences who have opted to share their thoughts.

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