Zacks Investment Research upgraded shares of Mongodb (NASDAQ:MDB) from a sell rating to a hold rating in a research note issued to investors on Saturday, March 17th.
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 have also issued reports on the company. Canaccord Genuity reaffirmed a buy rating and issued a $45.00 target price (up from $35.00) on shares of Mongodb in a research report on Wednesday, March 14th. ValuEngine raised Mongodb from a sell rating to a hold rating in a research report on Thursday, February 8th. Stifel Nicolaus upped their target price on Mongodb from $34.00 to $43.00 and gave the company a buy rating in a research report on Wednesday, March 14th. Morgan Stanley reaffirmed an equal weight rating and issued a $35.00 target price (up from $32.00) on shares of Mongodb in a research report on Wednesday, March 14th. Finally, Barclays upped their target price on Mongodb from $38.00 to $45.00 and gave the company an overweight rating in a research report on Wednesday, March 14th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $37.78.
Shares of NASDAQ:MDB traded down $2.23 during trading on Friday, reaching $40.77. 293,434 shares of the stock were exchanged, compared to its average volume of 722,866. Mongodb has a 12-month low of $24.62 and a 12-month high of $46.26. The stock has a market capitalization of $2,061.94 and a P/E ratio of -23.43.
Mongodb (NASDAQ:MDB) last issued its earnings results on Tuesday, March 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.43) by $0.03. The firm had revenue of $45.00 million for the quarter, compared to analysts’ expectations of $42.60 million. The company’s quarterly revenue was up 50.5% on a year-over-year basis. research analysts expect that Mongodb will post -1.63 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Thompson Davis & CO. Inc. bought a new position in shares of Mongodb in the fourth quarter worth $103,000. Brighton Jones LLC bought a new position in shares of Mongodb in the fourth quarter worth $214,000. Wolverine Trading LLC bought a new position in shares of Mongodb in the fourth quarter worth $295,000. Bamco Inc. NY bought a new position in shares of Mongodb in the fourth quarter worth $297,000. Finally, Wolverine Asset Management LLC bought a new position in shares of Mongodb in the fourth quarter worth $445,000. Hedge funds and other institutional investors own 26.80% of the company’s stock.
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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.
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