Press coverage about MongoDB (NASDAQ:MDB) has been trending somewhat positive this week, Accern reports. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. MongoDB earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.421714870826 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of equities analysts recently commented on the stock. Morgan Stanley reissued 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. Needham & Company LLC reissued a “buy” rating and issued a $43.00 price objective (up previously from $34.00) on shares of MongoDB in a research note on Wednesday, March 14th. Barclays boosted their price objective on shares of MongoDB from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, April 5th. Stifel Nicolaus boosted 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, Zacks Investment Research downgraded shares of MongoDB from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. MongoDB presently has a consensus rating of “Buy” and a consensus price target of $39.10.
NASDAQ MDB opened at $37.82 on Friday. MongoDB has a 12-month low of $24.62 and a 12-month high of $46.26. The firm has a market capitalization of $1,939.55 and a price-to-earnings ratio of -21.74.
MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Tuesday, March 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.03. The firm had revenue of $45.00 million during the quarter, compared to analysts’ expectations of $42.60 million. The firm’s quarterly revenue was up 50.5% compared to the same quarter last year. sell-side analysts anticipate that MongoDB will post -1.63 EPS for the current fiscal year.
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MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
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