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Cloud-based consumer experience company Momentive Global Inc (US:MNTV) (formerly known as SurveyMonkey Inc) rocketed 17.8% higher in premarket trading on Tuesday following news of an agreement to be acquired by a consortium led by private equity firm Symphony Technology Group.
Momentive Global Inc. MNTV, the company that makes the survey platform SurveyMonkey, on Monday said it agreed to be acquired by a group led by Symphony Technology Group in an all-cash deal that values Momentive at roughly $1.5 billion. Under the deal terms, Momentive shareholders will receive $9.46 per share, compared to Momentive's closing price of $7.72 on Monday.
Momentive Global Inc. (NASDAQ:MNTV ) Q4 2022 Results Conference Call February 16, 2023 5:00 PM ET Company Participants Gary Fuges - VP, IR Zander Lurie - CEO Rich Sullivan - CFO Priyanka Carr - COO Conference Call Participants Ryan MacDonald - Needham Chad Bennett - Craig-Hallum Matthew Kikkert - Stifel Robert Coolbrith - Wells Fargo Operator Good afternoon, and thank you for attending today's Momentive Q4 2022 Earnings Call. My name is Jason, and I'll be the moderator for today's call.
Momentive (MNTV) delivered earnings and revenue surprises of 40% and 1.11%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
SAN MATEO, Calif.--( BUSINESS WIRE )--Momentive (NASDAQ: MNTV), the maker of SurveyMonkey and GetFeedback, today announced that it will report fourth quarter and full year financial results for the period ended December 31, 2022 following the close of the market on Thursday, February 16, 2023. On that day management will host a conference call and webcast at 2 p.m. PT (5 p.m. ET) to discuss the company's business and financial results.
Momentive (MNTV) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Momentive Global Inc. (NASDAQ:MNTV ) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET Company Participants Gary Fuges - Vice President, Investor Relations Zander Lurie - Chief Executive Officer and Interim CFO Conference Call Participants Chad Bennett - Craig-Hallum Ryan MacDonald - Needham Matthew Kikkert - Stifel Operator Good afternoon. Thank you for attending the Momentive Global Third Quarter Earnings Call.
Momentive (MNTV) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Investors don't have any actionable details with today's rumor.
Momentive Global, the owner of SurveyMonkey , surged in premarket trading Wednesday after a report that the company may sell itself amid takeover interest.