The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s have a look at how the sales and marketing software stocks have fared in Q1, starting with Momentive (NASDAQ:MNTV).
The Internet and the exploding amount of data have transformed how businesses interact with, market to, and transact with their customers. Personalization of offerings, e-commerce, targeted advertising and data-empowered sales teams are now table stakes for modern businesses, and sales and marketing software providers are becoming the tools of evolving customer interaction.
The 23 sales and marketing software stocks we track reported a weak Q1; on average, revenues beat analyst consensus estimates by 2.49%, while on average next quarter revenue guidance was 0.04% under consensus. Tech stocks have been under pressure since the end of last year, but sales and marketing software stocks held their ground better than others, with share price down 6.1% since earnings, on average.
Momentive (NASDAQ:MNTV)
Previously known as SurveyMonkey, Momentive (NASDAQ:MNTV) offers software as a service that makes it easy for users create, manage and distribute online surveys.
Momentive reported revenues of $116.9 million, up 14.3% year on year, in line with analyst expectations. It was a slower quarter for the company, with an underwhelming revenue guidance for the next quarter.
“The team rose above the noise over the last few months. We exceeded the high-end of our revenue and profitability guidance ranges and made substantial progress on the strategic changes we outlined in our February 28th stockholder letter,” said Zander Lurie, chief executive officer of Momentive.
The stock is down 31.5% since the results and currently trades at $9.80.
Is now the time to buy Momentive? Access our full analysis of the earnings results here, it's free.
Best Q1: DoubleVerify (NYSE:DV)
When Oren Netzer saw a digital ad for US-based Target while sitting in his Tel Aviv apartment, he knew there was an unsolved problem, so he started DoubleVerify (NYSE: DV), a provider of advertising solutions to businesses that helps with ad verification, fraud prevention, and brand safety.
DoubleVerify reported revenues of $96.7 million, up 43.1% year on year, beating analyst expectations by 7.58%. It was a very strong quarter for the company, with an exceptional revenue growth and an impressive beat of analyst estimates.
DoubleVerify achieved the strongest analyst estimates beat among its peers. The stock is up 29.1% since the results and currently trades at $23.60.
Is now the time to buy DoubleVerify? Access our full analysis of the earnings results here, it's free.
Weakest Q1: ON24 (NYSE:ONTF)
Started in 1998 as a platform to broadcast press conferences, ON24’s (NYSE:ONTF) software helps organizations organize online webinars and other virtual events and convert prospects into customers.
ON24 reported revenues of $48.4 million, down 3.21% year on year, beating analyst expectations by 2.08%. It was a weak quarter for the company, with a full-year guidance missing analysts' expectations and a slow revenue growth.
ON24 had the slowest revenue growth and weakest full year guidance update in the group. The stock is down 9.93% since the results and currently trades at $9.70.
Read our full analysis of ON24's results here.
Yext (NYSE:YEXT)
Founded in 2006 by Howard Lerman, Yext (NYSE:YEXT) offers software as a service that helps their clients manage and monitor their online listings and customer reviews across all relevant databases, from Google Maps to Alexa or Siri.
Yext reported revenues of $98.8 million, up 7.4% year on year, beating analyst expectations by 1.58%. It was a slower quarter for the company, with a full year guidance missing analysts' expectations and a slow revenue growth.
The company added 130 customers to a total of 2,830. The stock is down 13% since the results and currently trades at $4.70.
Read our full, actionable report on Yext here, it's free.
Wix (NASDAQ:WIX)
Founded in 2006 in Tel Aviv, Wix.com (NASDAQ:WIX) offers a free and easy to operate website building platform.
Wix reported revenues of $341.5 million, up 12.3% year on year, in line with analyst expectations. It was a weak quarter for the company, with an underwhelming revenue guidance for the next quarter and a slow revenue growth.
The stock is down 10% since the results and currently trades at $64.07.
Read our full, actionable report on Wix here, it's free.
The author has no position in any of the stocks mentioned