Analysts Set Mongodb Inc (MDB) Price Target at $33.00

Mongodb Inc (NASDAQ:MDB) has earned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $33.17.

Several equities research analysts recently commented on the company. Canaccord Genuity Group assumed coverage on Mongodb in a report on Wednesday, November 15th. They set a “buy” rating and a $35.00 target price on the stock. Stifel Nicolaus assumed coverage on Mongodb in a report on Monday, November 13th. They set a “buy” rating and a $34.00 target price on the stock. Canaccord Genuity assumed coverage on Mongodb in a report on Monday, November 13th. They set a “buy” rating and a $35.00 target price on the stock. JMP Securities assumed coverage on Mongodb in a report on Monday, November 13th. They set a “market perform” rating on the stock. Finally, Goldman Sachs Group assumed coverage on Mongodb in a report on Monday, November 13th. They set a “neutral” rating and a $30.00 target price on the stock.

An institutional investor recently bought a new position in Mongodb stock. CI Investments Inc. acquired a new position in shares of Mongodb Inc (NASDAQ:MDB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 75,000 shares of the company’s stock, valued at approximately $2,226,000. CI Investments Inc. owned approximately 0.15% of Mongodb as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.29% of the company’s stock.

Shares of Mongodb (MDB) traded down $0.93 during trading hours on Friday, reaching $26.52. The company had a trading volume of 169,239 shares, compared to its average volume of 154,410. Mongodb has a 1 year low of $24.62 and a 1 year high of $34.00.

Mongodb (NASDAQ:MDB) last announced its earnings results on Tuesday, December 12th. The company reported ($1.39) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($0.90). The company had revenue of $41.50 million during the quarter, compared to analysts’ expectations of $37.21 million. The company’s revenue was up 57.8% on a year-over-year basis. analysts expect that Mongodb will post -1.9 EPS for the current year.

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Mongodb Company Profile

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.

Analyst Recommendations for Mongodb (NASDAQ:MDB)

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