Monness Crespi & Hardt Begins Coverage on Mongodb (MDB)

Monness Crespi & Hardt started coverage on shares of Mongodb (NASDAQ:MDB) in a report issued on Wednesday, MarketBeat.com reports. The firm issued a buy rating and a $51.00 price target on the stock.

Other research analysts have also issued research reports about the stock. Canaccord Genuity initiated coverage on shares of Mongodb in a research note on Wednesday, December 13th. They set a buy rating on the stock. Needham & Company LLC upgraded shares of Mongodb from a hold rating to a buy rating and set a $34.00 price target on the stock in a research note on Wednesday, February 14th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Mongodb from a hold rating to a buy rating and set a $33.00 price target on the stock in a research note on Saturday, January 13th. Stifel Nicolaus increased their price target on shares of Mongodb from $34.00 to $43.00 and gave the stock a buy rating in a research note on Wednesday, March 14th. Finally, Morgan Stanley dropped their price target on shares of Mongodb from $33.00 to $32.00 and set an equal weight rating on the stock in a research note on Tuesday, January 30th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $39.10.

Shares of MDB traded down $0.25 during mid-day trading on Wednesday, hitting $40.44. 55,779 shares of the company’s stock were exchanged, compared to its average volume of 390,421. Mongodb has a twelve month low of $24.62 and a twelve month high of $46.26. The firm has a market cap of $2,051.83 and a price-to-earnings ratio of -23.39.



Mongodb (NASDAQ:MDB) last announced its quarterly earnings results on Tuesday, March 13th. The company reported ($0.40) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.03. The business had revenue of $45.00 million for the quarter, compared to analyst estimates of $42.60 million. The business’s revenue for the quarter was up 50.5% on a year-over-year basis. research analysts anticipate that Mongodb will post -1.63 EPS for the current year.

A number of large investors have recently bought and sold shares of MDB. Thompson Davis & CO. Inc. acquired a new position in Mongodb in the 4th quarter valued at $103,000. Brighton Jones LLC acquired a new position in Mongodb in the 4th quarter valued at $214,000. Wolverine Trading LLC acquired a new position in Mongodb in the 4th quarter valued at $295,000. Bamco Inc. NY acquired a new position in Mongodb in the 4th quarter valued at $297,000. Finally, Wolverine Asset Management LLC acquired a new position in Mongodb in the 4th quarter valued at $445,000. Institutional investors and hedge funds own 26.81% of the company’s stock.

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About Mongodb

MongoDB, Inc is a 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.

Analyst Recommendations for Mongodb (NASDAQ:MDB)

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