Mongodb (NASDAQ:MDB) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Thursday.

MDB has been the topic of a number of other research reports. Needham & Company LLC initiated coverage on shares of Mongodb in a report on Monday, October 23rd. They set a “hold” rating on the stock. Canaccord Genuity Group initiated coverage on shares of Mongodb in a report on Wednesday, November 15th. They set a “buy” rating and a $35.00 price target on the stock. Stifel Nicolaus initiated coverage on shares of Mongodb in a report on Monday, November 13th. They set a “buy” rating and a $34.00 price target on the stock. Zacks Investment Research upgraded shares of Mongodb from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Friday, January 19th. Finally, Nomura initiated coverage on shares of Mongodb in a report on Tuesday, January 23rd. They set a “neutral” rating and a $30.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $33.25.

Mongodb (NASDAQ MDB) traded up $0.11 during midday trading on Thursday, hitting $26.50. 150,174 shares of the company’s stock were exchanged, compared to its average volume of 178,586. The company has a market capitalization of $1,340.00 and a PE ratio of -16.56. Mongodb has a 12-month low of $24.62 and a 12-month high of $34.00.

Mongodb (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, December 12th. The company reported ($1.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.90). The firm had revenue of $41.50 million for the quarter, compared to the consensus estimate of $37.21 million. The company’s revenue for the quarter was up 57.8% on a year-over-year basis. research analysts forecast that Mongodb will post -1.9 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in MDB. Gilder Gagnon Howe & Co. LLC acquired a new position in Mongodb in the fourth quarter valued at $37,571,000. CI Investments Inc. acquired a new position in Mongodb in the fourth quarter valued at $2,226,000. Thompson Davis & CO. Inc. acquired a new position in Mongodb in the fourth quarter valued at $103,000. Essex Investment Management Co. LLC acquired a new position in Mongodb in the fourth quarter valued at $2,127,000. Finally, Brighton Jones LLC acquired a new position in Mongodb in the fourth quarter valued at $214,000. Institutional investors and hedge funds own 0.29% of the company’s stock.

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About Mongodb

MongoDB, Inc is a modern, general purpose database platform. Its platform is designed to run applications at scale across a broad range of use cases in the cloud, on-premise or in a hybrid environment. Its primary subscription package is MongoDB Enterprise Advanced, which includes its proprietary database server, security, enterprise management capabilities, its graphical user interface, analytics integrations and technical support.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Mongodb (NASDAQ:MDB)

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