Brokerages Set Medallia (NYSE:MDLA) Target Price at $44.61
Shares of Medallia (NYSE:MDLA) have received an average recommendation of “Buy” from the seventeen analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $44.61.
MDLA has been the topic of a number of recent analyst reports. Credit Suisse Group reaffirmed a “hold” rating and set a $28.00 price target on shares of Medallia in a research note on Monday, March 30th. Wells Fargo & Co lowered their target price on shares of Medallia from $45.00 to $32.50 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Zacks Investment Research downgraded shares of Medallia from a “buy” rating to a “hold” rating in a research report on Saturday. ValuEngine raised Medallia from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Medallia in a research note on Thursday, April 23rd.
Shares of MDLA stock traded up $1.30 during trading hours on Thursday, reaching $24.67. 1,007,926 shares of the company’s stock were exchanged, compared to its average volume of 1,694,636. The company’s 50 day moving average is $20.93 and its two-hundred day moving average is $26.84. The company has a market cap of $3.23 billion and a P/E ratio of -18.27. Medallia has a 1 year low of $16.04 and a 1 year high of $44.72.
In related news, CFO Roxanne Oulman sold 53,284 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $18.59, for a total value of $990,549.56. Following the sale, the chief financial officer now directly owns 500,716 shares in the company, valued at approximately $9,308,310.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Leslie Stretch sold 32,072 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $30.34, for a total transaction of $973,064.48. Following the sale, the chief executive officer now directly owns 1,876,154 shares of the company’s stock, valued at $56,922,512.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 510,371 shares of company stock valued at $11,467,562.
Several institutional investors and hedge funds have recently made changes to their positions in MDLA. JPMorgan Chase & Co. increased its position in shares of Medallia by 301.9% in the first quarter. JPMorgan Chase & Co. now owns 7,984,384 shares of the company’s stock worth $160,007,000 after acquiring an additional 5,997,579 shares in the last quarter. Champlain Investment Partners LLC lifted its position in shares of Medallia by 171.2% in the 1st quarter. Champlain Investment Partners LLC now owns 7,455,235 shares of the company’s stock valued at $149,403,000 after acquiring an additional 4,706,160 shares in the last quarter. Wasatch Advisors Inc. boosted its stake in Medallia by 70.1% in the 1st quarter. Wasatch Advisors Inc. now owns 8,502,245 shares of the company’s stock worth $170,385,000 after purchasing an additional 3,503,156 shares during the period. Wellington Management Group LLP purchased a new position in Medallia during the 1st quarter worth approximately $25,601,000. Finally, BlackRock Inc. grew its position in Medallia by 142.8% during the 1st quarter. BlackRock Inc. now owns 1,933,470 shares of the company’s stock worth $38,746,000 after purchasing an additional 1,137,019 shares in the last quarter. Institutional investors own 65.99% of the company’s stock.
Medallia Company Profile
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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