Nomura Analysts Give Mongodb (NASDAQ:MDB) a $76.00 Price Target

Nomura set a $76.00 price objective on Mongodb (NASDAQ:MDB) in a report released on Wednesday, June 19th, TipRanks reports. The brokerage currently has a sell rating on the stock.

A number of other research firms have also commented on MDB. Needham & Company LLC reissued a buy rating and issued a $159.00 price objective (up previously from $130.00) on shares of Mongodb in a research note on Tuesday, June 4th. Stifel Nicolaus set a $14.00 price objective on Oasis Petroleum and gave the stock a buy rating in a research note on Wednesday, June 19th. Oppenheimer set a $68.00 price objective on Biohaven Pharmaceutical and gave the stock a buy rating in a research note on Wednesday, June 19th. JMP Securities reissued a hold rating on shares of Mongodb in a research note on Wednesday, March 13th. Finally, Citigroup set a $27.00 target price on StoneCo and gave the stock a hold rating in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $154.15.

Shares of MDB stock traded down $4.94 during trading on Wednesday, reaching $153.10. The company had a trading volume of 1,302,799 shares, compared to its average volume of 1,503,901. The firm has a market cap of $8.74 billion, a P/E ratio of -89.01 and a beta of 0.16. The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 0.93. Mongodb has a one year low of $53.20 and a one year high of $184.78. The stock has a 50 day moving average price of $155.24.

Mongodb (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, June 5th. The company reported ($0.22) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The business had revenue of $89.40 million for the quarter, compared to analyst estimates of $83.50 million. Mongodb had a negative return on equity of 44.47% and a negative net margin of 39.68%. Mongodb’s quarterly revenue was up 78.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.43) EPS. As a group, sell-side analysts anticipate that Mongodb will post -2.07 earnings per share for the current year.

In other news, insider Thomas Bull sold 466 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $145.62, for a total transaction of $67,858.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dev Ittycheria sold 128,805 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $147.04, for a total value of $18,939,487.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 279,605 shares of company stock valued at $42,005,609. Insiders own 40.04% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MDB. Oregon Public Employees Retirement Fund acquired a new stake in shares of Mongodb during the 4th quarter valued at $33,000. American Century Companies Inc. acquired a new stake in shares of Mongodb during the 4th quarter valued at $64,633,000. FMR LLC boosted its holdings in shares of Mongodb by 12.5% during the 4th quarter. FMR LLC now owns 5,275,057 shares of the company’s stock valued at $441,732,000 after acquiring an additional 586,841 shares in the last quarter. FIL Ltd acquired a new stake in shares of Mongodb during the 1st quarter valued at $82,626,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Mongodb by 146.9% during the 1st quarter. JPMorgan Chase & Co. now owns 794,387 shares of the company’s stock valued at $116,790,000 after acquiring an additional 472,602 shares in the last quarter. 65.55% of the stock is currently owned by institutional investors.

About Mongodb

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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Analyst Recommendations for Mongodb (NASDAQ:MDB)

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