Mongodb (MDB) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Mongodb (NASDAQ:MDB) from a hold rating to a buy rating in a report issued on Friday, January 19th. Zacks Investment Research currently has $33.00 price objective on the stock.

According to Zacks, “MongoDB, Inc. provides general purpose database platform. Its products include MongoDB Enterprise Advanced, MongoDB Enterprise for OEM, MongoDB Professional, MongoDB Stitch, MongoDB Atlas, Development Support, Ops Manager, Cloud Manager, Compass, Connector for business intelligence, and Connector for Spark. The company serves financial services, government, healthcare, media and entertainment, retail, technology and telecommunications industries. MongoDB, Inc. is headquartered in New York. “

A number of other equities analysts also recently commented on MDB. Stifel Nicolaus assumed coverage on Mongodb in a research note on Monday, November 13th. They issued a buy rating and a $34.00 price target for the company. Goldman Sachs Group started coverage on Mongodb in a research note on Monday, November 13th. They issued a neutral rating and a $30.00 target price for the company. Canaccord Genuity started coverage on Mongodb in a research note on Monday, November 13th. They issued a buy rating and a $35.00 target price for the company. Morgan Stanley started coverage on Mongodb in a research note on Monday, November 13th. They issued an equal weight rating and a $31.00 target price for the company. Finally, ValuEngine upgraded Mongodb from a sell rating to a hold rating in a research note on Sunday, December 31st. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $33.25.

Mongodb (NASDAQ MDB) traded up $0.76 during trading hours on Friday, reaching $27.16. The company had a trading volume of 98,148 shares, compared to its average volume of 162,029. The firm has a market capitalization of $1,320.00 and a P/E ratio of -16.98. Mongodb has a fifty-two week low of $24.62 and a fifty-two week high of $34.00.

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

A number of hedge funds have recently modified their holdings of MDB. Thompson Davis & CO. Inc. acquired a new position in shares of Mongodb during the fourth quarter worth approximately $103,000. Brighton Jones LLC acquired a new position in shares of Mongodb during the fourth quarter worth approximately $214,000. Bank of New York Mellon Corp acquired a new position in shares of Mongodb during the fourth quarter worth approximately $548,000. Citadel Advisors LLC acquired a new position in shares of Mongodb during the fourth quarter worth approximately $753,000. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Mongodb during the fourth quarter worth approximately $879,000. Institutional investors own 3.18% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Mongodb (MDB) Upgraded at Zacks Investment Research” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/13/mongodb-mdb-rating-increased-to-buy-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Mongodb (MDB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Mongodb (NASDAQ:MDB)

Receive News & Ratings for Mongodb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mongodb and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply