Morgan Stanley reissued their equal weight rating on shares of Mongodb (NASDAQ:MDB) in a research note published on Wednesday, March 14th. They currently have a $35.00 target price on the stock, up from their prior target price of $32.00.
A number of other brokerages have also recently commented on MDB. Canaccord Genuity reaffirmed a buy rating and set a $45.00 target price (up from $35.00) on shares of Mongodb in a report on Wednesday, March 14th. Zacks Investment Research cut shares of Mongodb from a buy rating to a hold rating in a report on Wednesday, January 17th. ValuEngine raised shares of Mongodb from a sell rating to a hold rating in a report on Thursday, February 8th. Stifel Nicolaus upped their target price on shares of Mongodb from $34.00 to $43.00 and gave the company a buy rating in a report on Wednesday, March 14th. Finally, Barclays upped their target price on shares of Mongodb from $38.00 to $45.00 and gave the company an overweight rating in a report on Wednesday, March 14th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $37.78.
Shares of MDB traded down $2.23 during mid-day trading on Wednesday, hitting $40.77. 293,434 shares of the company traded hands, 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 stock has a market capitalization of $2,061.94 and a price-to-earnings ratio of -23.43.
Mongodb (NASDAQ:MDB) last released its quarterly earnings data on Tuesday, March 13th. The company reported ($0.40) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.03. The company had revenue of $45.00 million for the quarter, compared to analysts’ expectations of $42.60 million. Mongodb’s revenue for the quarter was up 50.5% compared to the same quarter last year. equities analysts predict that Mongodb will post -1.63 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in MDB. Thompson Davis & CO. Inc. purchased a new stake in shares of Mongodb in the fourth quarter worth $103,000. Brighton Jones LLC purchased a new stake in shares of Mongodb in the fourth quarter worth $214,000. Wolverine Trading LLC purchased a new stake in shares of Mongodb in the fourth quarter worth $295,000. Bamco Inc. NY purchased a new stake in shares of Mongodb in the fourth quarter worth $297,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Mongodb in the fourth quarter worth $445,000. 26.80% of the stock is owned by hedge funds and other institutional investors.
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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.
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