Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Mongodb (MDB) Share Price
News coverage about Mongodb (NASDAQ:MDB) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mongodb earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 48.15313134424 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several brokerages have issued reports on MDB. Morgan Stanley began coverage on Mongodb in a research note on Monday, November 13th. They issued an “equal weight” rating and a $31.00 price target on the stock. Stifel Nicolaus began coverage on Mongodb in a report on Monday, November 13th. They set a “buy” rating and a $34.00 price objective for the company. Canaccord Genuity began coverage on Mongodb in a report on Monday, November 13th. They set a “buy” rating and a $35.00 price objective for the company. JMP Securities began coverage on Mongodb in a report on Monday, November 13th. They set a “market perform” rating for the company. Finally, Goldman Sachs Group began coverage on Mongodb in a report on Monday, November 13th. They set a “neutral” rating and a $30.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.83.
Shares of Mongodb (NASDAQ MDB) opened at $28.79 on Wednesday. The company has a market capitalization of $1,460.00 and a P/E ratio of -17.99. Mongodb has a 1-year low of $24.62 and a 1-year high of $34.00.
Mongodb (NASDAQ:MDB) last released its quarterly earnings data on Tuesday, December 12th. The company reported ($1.39) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.49) by ($0.90). The firm had revenue of $41.50 million during the quarter, compared to analysts’ expectations of $37.21 million. The firm’s quarterly revenue was up 57.8% on a year-over-year basis. equities analysts forecast that Mongodb will post -1.77 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This story was first published by Watch List News and is owned by of Watch List News. If you are reading this story on another website, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this story can be read at https://www.watchlistnews.com/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-mongodb-mdb-share-price/1800886.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.