Mongodb (NASDAQ:MDB) had its target price lifted by Barclays from $45.00 to $47.00 in a report released on Thursday, Marketbeat reports. Barclays currently has an overweight rating on the stock.
Several other equities analysts have also recently commented on MDB. Canaccord Genuity reissued a buy rating and set a $45.00 target price (up previously from $35.00) on shares of Mongodb in a research note on Wednesday, March 14th. ValuEngine raised shares of Mongodb from a sell rating to a hold rating in a research note on Thursday, February 8th. Zacks Investment Research cut shares of Mongodb from a buy rating to a hold rating in a research note on Wednesday, January 17th. Stifel Nicolaus lifted their price objective on shares of Mongodb from $34.00 to $43.00 and gave the stock a buy rating in a research note on Wednesday, March 14th. Finally, Morgan Stanley reaffirmed an equal weight rating and issued a $35.00 price objective (up previously from $32.00) on shares of Mongodb in a research note on Wednesday, March 14th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $37.78.
Shares of NASDAQ:MDB opened at $40.77 on Thursday. Mongodb has a fifty-two week low of $24.62 and a fifty-two week high of $46.26.
Mongodb (NASDAQ:MDB) last issued its quarterly earnings data on Tuesday, March 13th. The company reported ($0.40) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.43) by $0.03. The firm had revenue of $45.00 million during the quarter, compared to the consensus estimate of $42.60 million. The company’s revenue was up 50.5% on a year-over-year basis. sell-side analysts expect that Mongodb will post -1.63 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Thompson Davis & CO. Inc. acquired a new stake in shares of Mongodb during the fourth quarter worth approximately $103,000. Brighton Jones LLC acquired a new stake in shares of Mongodb during the fourth quarter worth approximately $214,000. Wolverine Trading LLC acquired a new stake in shares of Mongodb during the fourth quarter worth approximately $295,000. Bamco Inc. NY acquired a new stake in shares of Mongodb during the fourth quarter worth approximately $297,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Mongodb during the fourth quarter worth approximately $445,000. Institutional investors own 26.81% of the company’s stock.
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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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