Brokerages Set Mongodb Inc (NASDAQ:MDB) Price Target at $157.25
Shares of Mongodb Inc (NASDAQ:MDB) have received a consensus rating of “Buy” from the sixteen research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $157.25.
Several research firms recently commented on MDB. DA Davidson began coverage on shares of Nomad Foods in a research note on Wednesday, June 19th. They set a “buy” rating and a $26.00 target price for the company. Zacks Investment Research cut shares of HEXO from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Nomura set a $76.00 target price on shares of Mongodb and gave the company a “sell” rating in a research note on Wednesday, June 19th. Needham & Company LLC reiterated a “buy” rating and set a $159.00 target price (up from $130.00) on shares of Mongodb in a research note on Tuesday, June 4th. Finally, Citigroup set a $27.00 target price on shares of StoneCo and gave the company a “hold” rating in a research note on Friday, May 31st.
In other Mongodb news, Director Kevin P. Ryan sold 24,000 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $126.55, for a total value of $3,037,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CRO Cedric Pech sold 29,809 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $180.86, for a total transaction of $5,391,255.74. The disclosure for this sale can be found here. Insiders sold a total of 279,605 shares of company stock worth $42,005,609 in the last three months. Insiders own 40.04% of the company’s stock.
Shares of Mongodb stock traded down $4.94 on Friday, reaching $153.10. The stock had a trading volume of 1,302,799 shares, compared to its average volume of 1,503,901. The business has a 50-day moving average price of $155.24. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 0.93. Mongodb has a fifty-two week low of $53.20 and a fifty-two week high of $184.78. The company has a market capitalization of $8.74 billion, a PE ratio of -89.01 and a beta of 0.16.
Mongodb (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, June 5th. The company reported ($0.22) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.02. Mongodb had a negative net margin of 39.68% and a negative return on equity of 44.47%. The business had revenue of $89.40 million during the quarter, compared to analysts’ expectations of $83.50 million. During the same period in the previous year, the company earned ($0.43) earnings per share. Mongodb’s revenue for the quarter was up 78.3% on a year-over-year basis. On average, sell-side analysts forecast that Mongodb will post -2.07 earnings per share for the current year.
Mongodb Company Profile
MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
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