Mongodb Inc (NASDAQ:MDB) Receives Consensus Rating of “Buy” from Analysts

Shares of Mongodb Inc (NASDAQ:MDB) have received a consensus rating of “Buy” from the sixteen brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $157.25.

Several research firms have recently commented on MDB. Needham & Company LLC restated a “buy” rating and set a $159.00 price target (up from $130.00) on shares of Mongodb in a research report on Tuesday, June 4th. Monness Crespi & Hardt restated a “buy” rating and set a $185.00 price target (up from $150.00) on shares of Mongodb in a research report on Thursday, June 6th. KeyCorp set a $20.00 price target on Brixmor Property Group and gave the stock a “buy” rating in a research report on Wednesday, June 19th. Oppenheimer set a $68.00 price target on Biohaven Pharmaceutical and gave the stock a “buy” rating in a research report on Wednesday, June 19th. Finally, DA Davidson initiated coverage on Nomad Foods in a research report on Wednesday, June 19th. They set a “buy” rating and a $26.00 price target for the company.

In other Mongodb news, CEO Dev Ittycheria sold 128,805 shares of Mongodb stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $147.04, for a total transaction of $18,939,487.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Cedric Pech sold 29,809 shares of Mongodb stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $180.86, for a total value of $5,391,255.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 227,088 shares of company stock valued at $35,102,249. 25.08% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC lifted its holdings in Mongodb by 12.5% during the 4th quarter. FMR LLC now owns 5,275,057 shares of the company’s stock worth $441,732,000 after buying an additional 586,841 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Mongodb by 146.9% during the first quarter. JPMorgan Chase & Co. now owns 794,387 shares of the company’s stock worth $116,790,000 after purchasing an additional 472,602 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Mongodb during the fourth quarter worth about $64,633,000. First Trust Advisors LP increased its position in shares of Mongodb by 690.1% during the second quarter. First Trust Advisors LP now owns 746,150 shares of the company’s stock worth $113,482,000 after purchasing an additional 651,708 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Mongodb by 2.5% during the fourth quarter. BlackRock Inc. now owns 631,347 shares of the company’s stock worth $52,869,000 after purchasing an additional 15,406 shares in the last quarter. 65.68% of the stock is owned by institutional investors.

MDB opened at $142.03 on Wednesday. Mongodb has a 52 week low of $53.20 and a 52 week high of $184.78. The stock’s fifty day moving average price is $158.68. The stock has a market capitalization of $8.75 billion, a price-to-earnings ratio of -82.58 and a beta of 0.16. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.18 and a current ratio of 3.18.

Mongodb (NASDAQ:MDB) last released its quarterly earnings results on Wednesday, June 5th. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.02. Mongodb had a negative return on equity of 44.47% and a negative net margin of 39.68%. The business had revenue of $89.40 million during the quarter, compared to analyst estimates of $83.50 million. During the same period last year, the business posted ($0.43) earnings per share. The company’s quarterly revenue was up 78.3% on a year-over-year basis. Research analysts expect that Mongodb will post -2.07 earnings per share for the current year.

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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