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Stifel Nicolaus Keeps Their Hold Rating on Momentive Global (MNTV)

In a report released yesterday, J. Parker Lane from Stifel Nicolaus maintained a Hold rating on Momentive Global (MNTVResearch Report), with a price target of $8.00. The company’s shares closed yesterday at $7.56.

According to TipRanks, Parker Lane is an analyst with an average return of -15.3% and a 29.41% success rate. Parker Lane covers the Technology sector, focusing on stocks such as Zendesk, Zoom Video Communications, and ZoomInfo Technologies.

Momentive Global has an analyst consensus of Strong Buy, with a price target consensus of $13.38, implying a 76.98% upside from current levels. In a report released on August 5, Credit Suisse also maintained a Hold rating on the stock with a $16.00 price target.

See today’s best-performing stocks on TipRanks >>

Based on Momentive Global’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $120.16 million and a GAAP net loss of $28.55 million. In comparison, last year the company earned a revenue of $109.39 million and had a GAAP net loss of $29.24 million

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MNTV 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.

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