Somewhat Favorable News Coverage Somewhat Unlikely to Affect Mongodb (MDB) Share Price
Media coverage about Mongodb (NASDAQ:MDB) has trended somewhat positive recently, according to Accern. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Mongodb earned a coverage optimism score of 0.02 on Accern’s scale. Accern also assigned press 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 stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Mongodb Inc (MDB) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Mongodb (MDB) Raised to Hold at ValuEngine (americanbankingnews.com)
- Mongodb (MDB) Coverage Initiated by Analysts at Barclays (americanbankingnews.com)
- Goldman Sachs Group Begins Coverage on Mongodb (MDB) (americanbankingnews.com)
- Stifel Nicolaus Begins Coverage on Mongodb (MDB) (americanbankingnews.com)
Several equities analysts have recently weighed in on MDB shares. Stifel Nicolaus started coverage on shares of Mongodb in a report on Monday, November 13th. They set a “buy” rating and a $34.00 target price for the company. Canaccord Genuity started coverage on shares of Mongodb in a report on Monday, November 13th. They set a “buy” rating and a $35.00 target price for the company. Canaccord Genuity Group assumed coverage on shares of Mongodb in a report on Wednesday, November 15th. They set a “buy” rating and a $35.00 target price for the company. Morgan Stanley assumed coverage on shares of Mongodb in a report on Monday, November 13th. They issued an “equal weight” rating and a $31.00 price target for the company. Finally, ValuEngine raised shares of Mongodb from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Mongodb presently has an average rating of “Hold” and a consensus target price of $33.83.
Mongodb (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, December 12th. The company reported ($1.39) EPS for the quarter, missing the consensus estimate of ($0.49) by ($0.90). The company had revenue of $41.50 million for the quarter, compared to the consensus estimate of $37.21 million. The firm’s revenue for the quarter was up 57.8% on a year-over-year basis. analysts anticipate that Mongodb will post -1.77 earnings per share for the current year.
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MongoDB, Inc is a United States-based 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.
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