Barrington Research Trims ModivCare (NASDAQ:MODV) Target Price to $19.00

ModivCare (NASDAQ:MODV) had its price objective decreased by Barrington Research from $35.00 to $19.00 in a report published on Tuesday morning, Benzinga reports. Barrington Research currently has an outperform rating on the stock. Barrington Research also issued estimates for ModivCare’s Q3 2025 earnings at $0.67 EPS.

MODV has been the subject of a number of other research reports. Lake Street Capital reduced their target price on shares of ModivCare from $50.00 to $30.00 and set a buy rating for the company in a research report on Tuesday. Jefferies Financial Group cut their price objective on shares of ModivCare from $25.00 to $14.00 and set a hold rating for the company in a report on Friday, September 13th.

ModivCare Price Performance

Shares of MODV opened at $12.71 on Tuesday. The company’s 50-day moving average is $24.33 and its 200-day moving average is $25.45. The company has a debt-to-equity ratio of 103.63, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $180.62 million, a PE ratio of -0.82, a PEG ratio of 1.02 and a beta of 0.52. ModivCare has a fifty-two week low of $11.00 and a fifty-two week high of $52.33.

ModivCare (NASDAQ:MODV) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.80). ModivCare had a negative net margin of 5.80% and a positive return on equity of 27.52%. The company had revenue of $698.30 million during the quarter, compared to the consensus estimate of $701.00 million. During the same period in the prior year, the company earned $1.41 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. Equities analysts forecast that ModivCare will post 1.72 EPS for the current year.

Institutional Investors Weigh In On ModivCare

Large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its position in shares of ModivCare by 5,522.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,237 shares of the company’s stock valued at $32,000 after buying an additional 1,215 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in ModivCare in the second quarter valued at approximately $60,000. State Board of Administration of Florida Retirement System acquired a new position in ModivCare during the first quarter valued at approximately $91,000. Quest Partners LLC lifted its stake in ModivCare by 49.9% during the second quarter. Quest Partners LLC now owns 4,003 shares of the company’s stock worth $105,000 after purchasing an additional 1,332 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of ModivCare in the 1st quarter valued at $100,000.

ModivCare Company Profile

ModivCare Inc, a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and their members. The company operates through four segments: Non-Emergency Medical Transportation (NEMT), Personal Care, Remote Patient Monitoring (RPM), and Corporate and Other.