Shares of Medallia (NYSE:MDLA) have received a consensus rating of “Buy” from the thirteen analysts that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $36.20.
A number of research firms have recently commented on MDLA. Roth Capital restated a “buy” rating on shares of Medallia in a research report on Friday, September 4th. Credit Suisse Group boosted their price target on shares of Medallia from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, September 4th. Berenberg Bank assumed coverage on shares of Medallia in a report on Tuesday, July 21st. They set a “buy” rating and a $33.00 price objective on the stock. BTIG Research began coverage on shares of Medallia in a research report on Monday, October 5th. They issued a “buy” rating and a $37.00 target price on the stock. Finally, Citigroup upped their price target on shares of Medallia from $30.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, September 4th.
In related news, Director Steven Walske sold 200,000 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $31.18, for a total value of $6,236,000.00. Following the completion of the sale, the director now owns 706,541 shares of the company’s stock, valued at $22,029,948.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stanley J. Meresman sold 15,000 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $30.10, for a total transaction of $451,500.00. Following the transaction, the director now directly owns 21,191 shares of the company’s stock, valued at approximately $637,849.10. The disclosure for this sale can be found here. Insiders sold 1,801,068 shares of company stock valued at $57,903,496 over the last 90 days.
Large investors have recently bought and sold shares of the stock. UBS Group AG increased its holdings in shares of Medallia by 1,337.5% in the 1st quarter. UBS Group AG now owns 11,241 shares of the company’s stock valued at $226,000 after acquiring an additional 10,459 shares during the period. State Street Corp increased its holdings in shares of Medallia by 188.9% in the 1st quarter. State Street Corp now owns 810,039 shares of the company’s stock valued at $16,233,000 after purchasing an additional 529,604 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Medallia by 213.9% in the first quarter. Victory Capital Management Inc. now owns 11,071 shares of the company’s stock valued at $222,000 after purchasing an additional 7,544 shares during the period. Treasurer of the State of North Carolina purchased a new stake in Medallia during the first quarter worth about $559,000. Finally, Parametric Portfolio Associates LLC grew its position in Medallia by 33.3% during the first quarter. Parametric Portfolio Associates LLC now owns 132,024 shares of the company’s stock worth $2,646,000 after buying an additional 32,946 shares during the period. 87.12% of the stock is owned by hedge funds and other institutional investors.
MDLA stock traded up $0.75 during midday trading on Friday, hitting $31.18. 1,588,085 shares of the stock traded hands, compared to its average volume of 1,751,896. Medallia has a 1-year low of $16.04 and a 1-year high of $40.20. The stock’s fifty day simple moving average is $30.33 and its 200-day simple moving average is $27.21. The firm has a market cap of $4.59 billion, a P/E ratio of -29.70 and a beta of 1.79.
Medallia (NYSE:MDLA) last posted its earnings results on Thursday, September 3rd. The company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.14. The firm had revenue of $115.53 million for the quarter, compared to analysts’ expectations of $110.37 million. Medallia had a negative return on equity of 30.19% and a negative net margin of 31.54%. The company’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period last year, the firm earned ($0.06) EPS. Sell-side analysts anticipate that Medallia will post -0.62 EPS for the current year.
Medallia, Inc provides an enterprise Software-as-a-Service platform in North America, Europe, the Middle East, Africa, and internationally. The company's platform utilizes deep learning-based artificial intelligence technology to analyze structured and unstructured data from signal fields in human, digital, and Internet of Things interactions.
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