Mongodb (NASDAQ:MDB) had its price target upped by Barclays from $38.00 to $45.00 in a research note issued to investors on Wednesday, March 14th. The brokerage presently has an “overweight” rating on the stock. Barclays’ target price points to a potential upside of 10.38% from the stock’s current price.
A number of other equities analysts have also weighed in on MDB. ValuEngine upgraded Mongodb from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Zacks Investment Research lowered Mongodb from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Morgan Stanley reduced their price objective on Mongodb from $33.00 to $32.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 30th. Nomura initiated coverage on Mongodb in a research note on Tuesday, January 23rd. They issued a “neutral” rating and a $30.00 price objective for the company. Finally, Canaccord Genuity initiated coverage on Mongodb in a research note on Wednesday, December 13th. They issued a “buy” rating for the company. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $37.78.
Shares of NASDAQ:MDB traded down $2.23 during midday trading on Wednesday, reaching $40.77. The company had a trading volume of 293,434 shares, compared to its average volume of 722,866. Mongodb has a 1-year low of $24.62 and a 1-year high of $46.26. The firm has a market capitalization of $2,174.73 and a price-to-earnings ratio of -23.43.
Mongodb (NASDAQ:MDB) last released its quarterly earnings results on Tuesday, March 13th. The company reported ($0.40) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.43) by $0.03. The company had revenue of $45.00 million during the quarter, compared to analyst estimates of $42.60 million. The company’s revenue for the quarter was up 50.5% on a year-over-year basis. analysts anticipate that Mongodb will post -1.63 EPS for the current year.
A number of institutional investors have recently made changes to their positions in the stock. Union Square GP 2008 L.L.C. purchased a new stake in Mongodb in the 4th quarter worth about $117,307,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Mongodb during the 4th quarter worth about $37,571,000. Schf GPE LLC purchased a new stake in shares of Mongodb during the 4th quarter worth about $23,687,000. Wells Fargo & Company MN purchased a new stake in shares of Mongodb during the 4th quarter worth about $14,839,000. Finally, Millennium Management LLC purchased a new stake in shares of Mongodb during the 4th quarter worth about $11,579,000. 26.80% of the stock is owned by hedge funds and other institutional investors.
WARNING: “Barclays Boosts Mongodb (MDB) Price Target to $45.00” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2018/04/07/barclays-increases-mongodb-mdb-price-target-to-45-00.html.
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.
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.